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I want to inform about Energy-efficient mortgage (EEM)

I want to inform about Energy-efficient mortgage (EEM)

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