Perfect for: Homebuyers who wish to make their house more energy-efficient but lack upfront cash for improvements
Making “green” upgrades may be expensive, you could get a mortgage that is energy-efficientEEM) loan that is insured through the FHA or VA programs.
An EEM loan allows you to tack the price of energy-efficient improvements (think brand new insulation, a more effective HVAC system or double-pane windows) on your main loan upfront — all without a bigger advance payment.
8. FHA part 203(k)
Perfect for: Homebuyers enthusiastic about purchasing a fixer-upper but who don’t have actually plenty of money in order to make major house improvements