Saturday, December 15, 2018
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FHA Energy Efficient Mortgages

FHA’s Energy Efficient Mortgage program (EEM) helps homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy efficiency features to new or existing housing as part of their FHA insured home purchase or refinancing mortgage.

EEM can be used to make energy efficient improvements in one to four existing and new homes. The improvements can be included in a borrower’s mortgage only if their total cost is less than the total dollar value of the energy that will be saved during their useful life.

The cost of the energy improvements and estimate of the energy savings must be determined by a home energy rating report that is prepared by an energy consultant using a Home Energy Rating System (HERS).

Discount Mortgage
Office (888)360-3337 | Cell (408)316-5454
Real Estate Broker, California Department of Real Estate 9162270931
Bkr. Lic #01098186 [SIC code=6162 DUN #93-794-6796] NMLS# 314249

Discount Mortgage
Office (888)360-3337 | Cell (408)316-5454
Real Estate Broker, California Department of Real Estate 9162270931
Bkr. Lic #01098186 [SIC code=6162 DUN #93-794-6796] NMLS# 314249