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

Best Interest
(518)458-2483
125 Wolf Road
Albany, NY
Four Corners Abstract
(518)462-2028
293 Broadway
Albany, NY
Streamline Mortgage
(518)452-6480
1717 Central Av
ALBANY, NY
Affordable Housing Partnership
(518)434-1730
255 Orange Street
ALBANY, NY
Absolute Financial Services Inc
(518)355-8305
251 New Karner Rd Ste 202
ALPLAUS, NY
Citizens Bank - Clifton Park / Price Chopper
518-348-0014
15 Park Ave
Clifton Park, NY
Edward M. Sossner Esquire
(518)463-3600
350 Northern Blvd Ste 102
Albany, NY
Worldwide Abstract Service Inc
(518)785-4444
410 Troy Schenectady Road
Latham, NY
Carteret Mortgage
(518)459-3335
45 Colvin Avenue
ALBANY, NY
Adirondack Note Buyers Inc
(518)374-5011
763 Westmoreland Drive
SCHENECTADY, NY

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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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