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

Cornerstone Property Services Llc
(518)464-1800
8 Airline Dr
Albany, NY
Berkshire Bank
518-348-6523
Clifton Park, NY
Tri City Funding Inc
(518)373-2220
10 Executive Park Drive
CLIFTON PARK, NY
1st Priority Mortgage
(518)348-6900
646 Plank Road
CLIFTON PARK, NY
Freedom Mortgage Corporation
(518) 664-8800
17 Johnson Rd
Mechanicville, NY
Citizens Bank - Wolf Road / Hannaford
518-438-5910
96 Wolf Road
Albany, NY
Veterans Homeownership Corporation
(518)783-9798
9 Herbert Drive
Latham, NY
USA Liberty Mortgage Corp
(518)382-8170
411 Ballston Rd
SCHENECTADY, NY
Irwin Mortgage
(518)348-4056
21 Corporate Drive
CLIFTON PARK, NY
M And T Bank
(518) 877-3500
313 Ushers Rd
Ballston Lake, 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

Related Articles
- Reverse Mortgage Watervliet NY
The baby boom generation has graced the golden age. Today, seniors have become a significant consumer segment in the economy. With the fast growing population of elders and retired citizens, financing companies are finding ways to meet the core of seniors' needs. One such benefit that seniors greatly enjoy is reverse mortgage financing.
- How to Avoid Foreclosure by Knowing Your Mortgage Type Watervliet NY
- About Buying a Foreclosure Property Watervliet NY
- How to Understand a N.I.N.J.A. Mortgage Watervliet NY
- How to Talk to Mortgage Lenders Watervliet NY
- Flexible Mortgage For Self Employed Watervliet NY
- Safeguarding Against Foreclosure Watervliet NY
- Hidden Costs of Foreclosures Watervliet NY
- Adjustable Rate Mortgage Watervliet NY