Green Mortgages Watervliet 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 Watervliet.

Local Companies

Citizens Bank - Glenmont
518-432-9635
331 Route 9 W.
Glenmont, NY
Land Research Solutions Inc
(518)348-6481
661 Plank Rd
Clifton Park, NY
Berkshire Bank
518-348-6523
Clifton Park, NY
Hudson River Bank & Trust Company
(518)432-4274
41 State St
ALBANY, NY
Flaherty Funding Corp
(518) 724-1720
1086 New Loudon Rd Ste 101
Cohoes, NY
HSBC Bank
1.800.975.HSBC (4722)
Rpi Student Union 15Th Street & Sage Avenue
Troy, NY
Bank of America - New Scotland Ave
800.432.1000
25 New Scotland Ave
Albany, NY
Monroe Title Insurance Corporation
(518)346-7453
620 State Street
Schenectady, NY
Wells Fargo
(518)756-1300
2381 USRoute 9W
RAVENA, NY
A Financial Alternative
(518)765-5047
16 Grove St
VOORHEESVILLE, 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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