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To qualify for the Energy Efficient Mortgage, you will need to meet some FHA loan guidelines. These include being eligible for the maximum FHA-insured financing available, and the improvements must be cost effective.

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August 21, 2018
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How Do I Get an Energy Efficient Mortgage?

FHA Common Question #27

The FHA's EEM is a very attractive proposition; it allows you to borrow additional money to incorporate energy saving features into your home and no additional "cost" to you in terms of having to qualify or make a down payment on the additional funds. Plus you get all of the energy saving technology and/or materials you desire to include into your living space.

To qualify for the EEM, you'll need to meet some FHA loan guidelines. These include being eligible for the maximum FHA-insured financing available, and the improvements must be cost effective. "Cost effective" according to FHA loan guidelines means that the cost of the improvements must be less than the total value of the energy savings over the life of the equipment or materials installed to save energy. That total value is calculated according to FHA loan guidelines at current levels. This kind of loan may take some extra homework on your part, but the savings would be well worth the effort.

Contact your FHA approved lender to get help with resources in determining the cost of the materials and equipment versus the savings. Chances are your FHA lender has encountered your questions before and can give you a good head start on gathering the required information.

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FHA Loan Articles and Mortgage News

How Should I Use My FHA Cash-Out Refinance Money?

August 12, 2018 - FHA cash-out refinance money is good for any purpose the borrower wants to use it for; the cash-out refi loan is different in that respect than a refinance loan to rehab a house (FHA 203(k) loans, for example) or to purchase and rehab a home.

Is the Cash I Need To Close My Loan Included in the Down Payment?

August 9, 2018 - FHA home loans feature a minimum required investment, also known as a down payment, of 3.5% of the adjusted value of the home. This down payment is required for new purchase FHA mortgages. The FHA home loan origination fee is another expense charged to the borrower.

FHA Mortgages vs. Conventional Loans

August 6, 2018 - Why should borrowers consider an FHA mortgage over a conventional loan? There are many reasons why-some are situational, others may come down to how much the house hunter wants to budget for a down payment.

How to Remodel Your Home With an FHA Mortgage

August 4, 2018 - The first thing to think about before you start getting ready to apply for an FHA mortgage to refinance and remodel is how old your current mortgage loan is. The longer you have been making payments, the more buying power you might have with a new loan.

FHA Loan Tip: What a Home Inspection Tells You

August 3, 2018 - The home inspection on the property you buy with your FHA mortgage is something you the borrower must arrange and pay for. It covers the roof, the basement, crawl space, the mechanical systems of the home, foundation, and much more.

FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!