Energy Efficient Mortgages
This loan gives you extra cash to complete energy efficient improvements in your home. This loan is similar to the FHA 203K streamline loan, which is a larger scale rehab loan, but the EEM (Energy Efficient Mortgage) lends up to $8,000 maximum. The 203K and EEM can be used together.
Just in case you were not aware of this little program here is some information about the the Energy-Efficient Mortgage.
-Finance up to 15% of an existing home’s value or 5% of a new homes value
-The monthly energy savings are added to your income, to help you qualify
-There is a 3% minimum investment required by you, but rebates and other incentives from the governmanet may be applied toward your contribution.
Some items you can use the money for are:
- Windows and Doors
- Heating and Cooling
- Insulation
If you’d like to know more, contact me today.
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Thank you,
Matt Steinmetz
Envoy Mortgage
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119
Fax 925-940-9639
Learn When to Pay Points
Information about the $8,000 First Time Buyer Tax Credit
Information about the $10,000 New Home Tax Credit in CA
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Contra Costa County, home loans, mortgages, Concord, CA, refinance, rahab loans, 203K, FHA
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