Articles Tagged With: Energy Efficient Mortgage

September 9, 2011

The FHA Energy Efficient Mortgage

By Joe Wallace

With summer fading and the winter season only a few months away, many house hunters and home owners begin thinking about heating bills, weatherproofing, and other preparations for the cold weather season. In many areas where extreme weather is a typical part of the winter months, these considerations are even more important. For FHA borrowers who live in areas with seasonally high utility bills, there is help from the FHA in the form of the FHA Energy Efficient Mortgage or EEM. The FHA Energy Efficient Mortgage began as an experiment in 1992, expanding to a full-blown FHA loan feature in 1995. The FHA official site says of these loans, “All persons who meet the income requirements for FHA’s standard Section 203(b) insurance and can make the monthly mortgage payments are | more...