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

TD Bank
518-455-9912
125 State Street
Albany, NY
Bank of America - Mechanicville
800.432.1000
1 South Main St
Mechanicville, NY
Cornerstone Property Services Llc
(518)464-1800
8 Airline Dr
Albany, NY
Sunset Mortgage
(518)877-4611
258 Ushers Road Suite 203
CLIFTON PARK, NY
Cuc Mortgage Corporation
(518) 437-8100
1021 Watervliet Shaker Rd
Albany, NY
HSBC Bank
1.800.975.HSBC (4722)
Rpi Student Union 15Th Street & Sage Avenue
Troy, NY
Citizens Bank - Route 7/Latham
518-783-1676
1202 Troy-Schenectady Rd
Latham, NY
Bank of America - New Scotland Ave
800.432.1000
25 New Scotland Ave
Albany, NY
Superior Home Mortgage Corporation
(518)689-4400
3 Executive Park Drive
CLIFTON PARK, NY
Hudson River Mortgage
(518)389-4100
1973 Western Avenue Suite 9
ALBANY, 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