Have you heard about FHA’s Energy Efficient Mortgage?
This program can help you save money on monthly energy bills.
How it works – Buyer may finance 100% of the cost of adding energy efficient features to new or existing housing as part of an FHA purchase or refinance.
(Cannot exceed 5% or $8,000 of the property value, regardless of the property value every borrower can finance at least $4,000 of the energy package, flexible DTI for additional funds)
Eligible Improvements:
- Insulation – Ceilings, walls & floors
- Caulking, weather stripping & sealing
- Windows, storm, double pane, triple pane & doors
- Furnace, air conditioning & water heaters
Eligible Loans – Purchase or Refinance, Regular FHA, FHA HUD homes, 203k Streamlines & Consultant K loans.
Eligible Properties – New & Existing 1 – 4 units including condos. Have you heard about FHA’s Energy Efficient Mortgage? This program can help your buyers save money on monthly energy bills and you can offer it on your listings to “upgrade” the property!
How it works – Buyer may finance 100% of the cost of adding energy efficient features to new or existing housing as part of an FHA purchase or refinance.
(Cannot exceed 5% or $8,000 of the property value, regardless of the property value every borrower can finance at least $4,000 of the energy package, flexible DTI for additional funds)
Eligible Improvements:
– Insulation – Ceilings, walls & floors
– Caulking, weather stripping & sealing
– Windows, storm, double pane, triple pane & doors
– Furnace, air conditioning & water heaters
Eligible Loans – Purchase or Refinance, Regular FHA, FHA HUD homes, 203k Streamlines & Consultant K loans.