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

Saratoga National Bank And Trust Co
(518)584-8120
3 Carpenter Lane & Route
Gansevoort, NY
Burns W T Agency
(518)761-7114
144 Main St
Whitehall, NY
MEM Financial Solutions
(518)615-0990
150 Warren Street
GLENS FALLS, NY
Countrywide Home Loans
(518)742-2400
820 State Route 9
QUEENSBURY, NY
Adirondack Mortgage Service
(518)798-0076
14 West Notre Dame Street
GLENS FALLS, NY
TD Bank
518-747-3308
14 Main Street
Hudson Falls, NY
Glens Falls National Bank And Trust Co Aviation Road Ofc
(518)793-5386
339 Aviation Road
Queensbury, NY
Carteret Mortgage Co
518-668-9894
Lake George, NY
Glens Falls National Bank and Trust Company
(518)793-4121
250 Glen Street
GLENS FALLS, NY
Chester-Schroon-Horicon Bank
(518)494-2691
6353 State Route 9
CHESTERTOWN, 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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