Washington First Mortgage Loan Corporation
4055 Lake Washington Blvd. Suite 100
Kirkland, Wa. 98033
NMLS# CL-854647
P: 1-425-803-9061
F: 1-425-968-9464
 

 



Washington First Mortgage Loan Corporation
4055 Lake Washington Blvd. Suite 100
Kirkland, Wa. 98033
NMLS# CL-854647
P: 1-425-803-9061
F: 1-425-968-9464
 


Friday, September 21, 2018
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FHA Energy Efficient Mortgages

FHA’s Energy Efficient Mortgage program (EEM) helps homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy efficiency features to new or existing housing as part of their FHA insured home purchase or refinancing mortgage.

EEM can be used to make energy efficient improvements in one to four existing and new homes. The improvements can be included in a borrower’s mortgage only if their total cost is less than the total dollar value of the energy that will be saved during their useful life.

The cost of the energy improvements and estimate of the energy savings must be determined by a home energy rating report that is prepared by an energy consultant using a Home Energy Rating System (HERS).