Green Mortgages Potsdam NY

Financing has often been the missing piece in green home sales. Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home in Potsdam.

Local Companies

Brownell Abstracting Corporation
(315)379-9746
48 Court Street
Canton, NY
William Hayman
(315)265-2140
20 Elm St
Potsdam, NY
First National Bank
(315)265-9950
220 Market Street
POTSDAM, NY
Community Bank NA
(315)353-6682
28 South Main Street
NORWOOD, NY
Community Bank NA
(315)388-4455
La Grasse
WADDINGTON, NY
HSBC Bank
1.800.975.HSBC (4722)
Diagonal From Post Office 14 Elm St
Potsdam, NY
The Clark Insurance Agencies
(315)386-8595
71 Main Canton
Canton, NY
NBT Bank
(315)764-1112
264 Main Street
MASSENA, NY
Community Bank NA
(315)386-4553
45 Court Street
CANTON, NY
Community Bank NA
(315)265-3700
May Road
POTSDAM, NY

Provided By:


Comfort Zone: Creating a Middle Ground for Green Building and Great Profits


By Alison Rice


Financing has often been the missing piece in green home sales. But attitudes are changing, especially at Fannie Mae. "We want to encourage lenders and builders to be more resource efficient and give the consumer benefits based on the fact that they're spending less on utilities," says Jim Taylor, director of product development in Fannie Mae's housing impact division. "They're a better credit risk to us because they're not spending that money on utilities."


Nationally, Fannie Mae offers an energy-efficient mortgage, which allows a lender to use the estimated monthly utility savings to increase an applicant's buying power and qualify them for a higher-priced home.


Taylor estimates that the lender did quite well in its first mortgage energy business. He expects the specific numbers to jump higher as Fannie Mae conducts more marketing and product development.


Some buyers may have a second option: Fannie Mae's home performance power product, which boosts an applicant's monthly income by the home's monthly energy savings. Lower utility cost is just one requirement of this mortgage, which is available only in specific markets. In Albuquerque, N.M., for example, a home must demonstrate energy efficiency and be located within 5 miles of downtown.

Click here to read full article from Builder Online

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