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

Citizens Bank - Schoolhouse Road
518-464-6440
1516 Western Avenue
Albany, NY
Land Research Solutions Inc
(518)348-6481
661 Plank Rd
Clifton Park, NY
SMC Mortgage CO
(518)371-1085
1406 Route 9
CLIFTON PARK, NY
Cateret Mortgage
(518)371-8098
17 Acorn Avenue
CLIFTON PARK, NY
Abetter Mortgage
(518)453-1090
4 Atrium Drive
ALBANY, NY
Citizens Bank - Rotterdam
518-356-3100
1725 Altamont Ave
Schenectady, NY
Casswood Insurance Agency
(516)373-8700
58 Clifton Country Rd
Clifton Park, NY
Insurance Depot
(518)279-1190
1128 Hoosick Rd
Troy, NY
Maple Tree Funding
(518)782-1202
1202 Troy Schenectady Road
LATHAM, NY
Absolute Financial Services Inc
(518)355-8305
251 New Karner Rd Ste 202
ALPLAUS, 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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