Green Mortgages Rensselaer 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 Rensselaer.

Local Companies

Neil Douglas
(518)783-3311
1043 Troy Schenectady Rd
Latham, NY
Michael A. Attanasio Agency
(518)266-0311
235 Pawling Ave
Troy, NY
Bourdeau Financial Inc
(518)783-3825
920 Albany Shaker Rd
LATHAM, NY
Sunmark Federal Credit Union
(518) 382-2597
1187 Troy Schenectady Rd
Latham, NY
Homestead Funding Corp
(518) 464-1100
8 Airline Dr
Albany, NY
TD Bank
518-664-5129
5 Park Plaza
Mechanicville, NY
Monroe Title Insurance Corporation
(518)346-7453
620 State Street
Schenectady, NY
Homestead Funding Corporation
(518)373-0814
1407 Route 9
CLIFTON PARK, NY
1st Priority Mortgage
(518)348-6900
646 Plank Road
CLIFTON PARK, NY
Freedom Mortgage Corporation
(518) 664-8800
17 Johnson Rd
Mechanicville, 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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