FHA’s Energy Efficient Mortgage program (EEM) helps families save money on their utility bills by enabling them to finance energy efficient improvements with their FHA-insured mortgage. … Cost-effective energy improvements can lower utility bills and make more income available for the mortgage payment.
Just so, how do I qualify for an energy efficient mortgage?
To obtain an EEM a borrower typically must have a home energy rater or other trained professional conduct a home energy assessment or rating before financing is approved.
Moreover, what is a VA energy efficient mortgage?
The VA Energy Efficient Mortgage (EEM) is a special loan program which helps homeowners to finance the cost of these energy-efficiency improvements. … Eligible military borrowers can use the EEM loan for projects of all sizes, and the mortgage rates available are the same low rates available with all VA mortgage loans.