Green Mortgages Schenectady 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 Schenectady.

Local Companies

Mansfield And North Corporation
(518)383-9423
1 Barney Road
Clifton Park, NY
Lighthouse Insurance Agency
(518)785-0544
678 Troy Schenectady Road
Latham, NY
Nationwide Equities Corporation
(518)456-7500
6 British American Blvd
LATHAM, NY
HSBC Mortgage Corporation USA
(518)862-9340
Washington Avenue Extension Pine West
ALBANY, NY
1st Priority Mortgage
(518)348-6900
646 Plank Road
CLIFTON PARK, NY
HSBC Bank
1.800.975.HSBC (4722)
Times Union Center 30 South Pearl Street
Albany, NY
Allstate Insurance Rick Schrade
(518)475-0123
636 Delaware Ave
Delmar, NY
Monroe Title Insurance Corporation
(518)346-7453
620 State Street
Schenectady, NY
Maple Tree Funding
(518)782-1202
1202 Troy Schenectady Road
LATHAM, NY
Adirondack Note Buyers Inc
(518)374-5011
763 Westmoreland Drive
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.

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