Green Mortgages Saratoga Springs 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 Saratoga Springs.

Local Companies

All Season Title Agency
(518)348-9900
9 Executive Park Drive
Clifton Park, NY
Nbt Bank Branches
(518)584-5338
402 Maple Avenue
Saratoga Springs, NY
Mohawk Community Bank
(518)583-4262
115 Ballston Avenue
SARATOGA SPRINGS, NY
Glens Falls National Bank and Trust Company
(518)793-4121
250 Glen Street
GLENS FALLS, NY
1st Priority Mortgage
(518)348-6900
646 Plank Road
CLIFTON PARK, NY
Monroe Title Insurance Corporation
(518)374-8438
18 Front Street
Ballston Spa, NY
Legacy Land Title Llc
(518)371-8166
56 Clifton Country Rd
Clifton Park, NY
Vivid Images
(518)580-1752
42 York Av
SARATOGA SPRINGS, NY
MEM Financial Solutions
(518)688-2073
1480 Route 9
CLIFTON PARK, NY
Adirondack Funding Services
(518)347-1757
1380 Wendell Ave
SCHENECTADY, 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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