Matt Steinmetz's Blog » EEM http://mattsteinmetz.com/blog Mortgage Related News Mon, 30 Jan 2012 18:16:17 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Energy Efficient Mortgages http://mattsteinmetz.com/blog/energy-efficient-mortgages/ http://mattsteinmetz.com/blog/energy-efficient-mortgages/#comments Tue, 25 Aug 2009 05:29:39 +0000 Matt Steinmetz http://mattsteinmetz.com/blog/?p=148 Continue reading →]]> 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:530951_cinta_mtrica

  • Windows and Doors
  • Heating and Cooling
  • Insulation

If you’d like to know more, contact me today.

Also, feel free to Share or Comment

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
Apply for a loan online

Contra Costa County, home loans, mortgages, Concord, CA, refinance, rahab loans, 203K, FHA 

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