Green Mortgages Queensbury 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 Queensbury.

Local Companies

Citizens Bank - Queensbury/Wal-Mart
518-761-2440
891 Route 9
Queensbury, NY
TD Bank
518-798-0070
Evergreen Plaza, 340 Aviation Road
Queensbury, NY
Kinney Agency Inc
(518)638-8205
3027 State Route 4
Hudson Falls, NY
First Niagara
(518)798-3333
738 Upper Glen Street
QUEENSBURY, NY
Adirondack Trust
(518)926-7244
24 Maple Street
GLENS FALLS, NY
TD Bank
518-747-3308
14 Main Street
Hudson Falls, NY
TD Bank
518-761-7385
237 Glen Street
Glens Falls, NY
Citizens Bank - Glen Street/Price Chopper
518-798-4057
677 Upper Glen St
Queensbury, NY
Associates Of Glens Falls
(518)793-3444
Po Box 190
Glens Falls, NY
Family Insurance Agency Inc
(518)499-2200
184 Broadway
WHITEHALL, 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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