Green Mortgages Troy 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 Troy.

Local Companies

Bank of America - Rotterdam Plaza
800.432.1000
1428 Altamount Ave
Schenectady, NY
Baker Insurance Agency
(518)686-7494
1 Main Street
Hoosick Falls, NY
William E Sheridan Inc
(518)273-2511
604 3rd Ave
Watervliet, NY
GMAC Mortgage
(518)220-9243
950 New Loudon Road Suite 4
LATHAM, NY
Funding Source Llc
(518) 451-9193
17 Computer Dr W
Albany, NY
TD Bank
518-347-0526
2301 Nott Street, E
Niskayuna, NY
Bank of America - New Scotland Ave
800.432.1000
25 New Scotland Ave
Albany, NY
Allstate Insurancebarton Insurance Agency Inc.
(518)786-3975
623 New Loudon Rd (1 Mi. S Of The Latham Circle)
Latham, NY
USA Liberty Mortgage Corp
(518)382-8170
411 Ballston Rd
SCHENECTADY, NY
A Choice Funding LLC
(518)373-1980
9 Executive Park Dr
CLIFTON PARK, 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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