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

TD Bank
518-654-2311
97 Main Street
Corinth, NY
Mountain Abstract Co Inc
(518)494-2434
20 Theriot Avenue
Chestertown, NY
Glens Falls National Bank And Trust Co Ticonderoga Drivein Wicker
(518)585-3621
250 Glen Street
Glens Falls, NY
Saratoga Mortgage Co Inc
(518)792-3552
345 Bay Rd
QUEENSBURY, NY
Countrywide Home Loans
(518)742-2400
820 State Route 9
QUEENSBURY, NY
TD Bank
518-623-2666
3852 Main Street
Warrensburg, NY
Bank of America - Glens Falls
800.432.1000
14 La Rose St
Glens Falls, NY
Kinney Agency Inc
(518)638-8205
3027 State Route 4
Hudson Falls, NY
Wells Fargo Home Mortgage
(518)793-3908
33 Park Street
GLENS FALLS, NY
Glens Falls National Bank and Trust Company
(518)793-4121
250 Glen Street
GLENS FALLS, 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