THE ENERGY EFFICIENT MORTGAGE means comfort and savings. When you are buying, selling, refinancing, or remodeling your home, you can increase your comfort and actually save money by using the Energy Efficient Mortgage (EEM). It is easy to use, federally recognized, and can be applied to most home mortgages. EEMs provide the borrower with special benefits when purchasing a home that is energy efficient, or can be made efficient through the installation of energy-saving improvements.

Home owners with lower utility bills have more money in their pocket each month. They can afford to allocate a larger portion of their income to housing expenses. If you have more cash, why not buy a better, more comfortable home? There are two options with the Energy Efficient Mortgage.


Finance Energy Improvements!

 

• Cost-effective energy-saving measures may be financed as part of the mortgage!
• Make an older, less efficient home more comfortable and affordable!

Increase Your Buying Power!

• Stretch debt-to-income qualifying ratios on loans for energy-efficient homes!
• Qualify for a larger loan amount! Buy a better, more energy efficient home!

Buyers:

• Qualify for a larger loan on a better home!
• Get a more comfortable home NOW.
• Save money every month from Day One.
• Increase the potential resale value of your home.

 

Sellers:

• Sell your home more quickly.
• Make your house affordable to more people.
• Attract attention in a competitive market.

Remodelers/Refinancers:

• Get all the EEM benefits without moving.
• Make improvements which will actually save you money.
• Increase the potential resale value of your home.

Pay for energy improvements easily, through your mortgage. Your lender can increase your loan to cover energy improvement costs. Monthly mortgage payments increase slightly, but you actually save money because your energy bills will be lower!

 

• Central heating and air, including converting wall furnace and window air conditioning units to a Central HVAC system.
• Dual-pane windows
• Increased attic/wall insulation
• Energy efficient water heaters

Energy Efficient Mortgages are available with both FHA and VA financing. With VA the maximum amount financed is $6000 regardless of property value.