Hybrid cars, organic foods, natural clothing fibers– going “green” is the 21st century megatrend that’s here to stay. The homebuilding industry has been quietly converting to solar and wind power, energy efficient appliances and using eco-friendly building materials that point to a “green” future.
Starting in 1995, these attempts to conserve energy and natural resources were recognized for their effect of reducing monthly utility costs and spawned the Energy Efficient Mortgage–EEM.
The FHA EEM covers upgrades for new and existing homes and is available in all 50 states.
Home buyers can count the extra income from energy savings toward their income-to-debt ratio, allowing them to qualify for a larger loan and often a better interest rate.
Call our Toms River West office at 732-244-2200 for more information on EEMs.
Starting in 1995, these attempts to conserve energy and natural resources were recognized for their effect of reducing monthly utility costs and spawned the Energy Efficient Mortgage–EEM.
The FHA EEM covers upgrades for new and existing homes and is available in all 50 states.
Home buyers can count the extra income from energy savings toward their income-to-debt ratio, allowing them to qualify for a larger loan and often a better interest rate.
Call our Toms River West office at 732-244-2200 for more information on EEMs.
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