The Energy Efficient Mortgage (EEM) is
offered through FannieMae's Housing and the Environment
Initiative, which promotes the design, construction, and
purchase of more efficient homes.
The
EEM recognizes that energy-efficient homes cost homeowners less
to operate on a monthly basis than standard homes because they
use less energy. Borrowers who choose energy-efficient homes can
afford to spend more on their housing expenses because they will
likely spend less on their energy costs.
The EEM allows borrowers to qualify for a
larger mortgage as a result of the energy savings. The EEM
benefits those buying new, energy-efficient homes or those
purchasing existing homes that need energy improvements.
For more information about Energy Efficient Mortgages, visit the following sites:
eFannieMae.com Single Family Home EEM info -
http://www.efanniemae.com/sf/mortgageproducts/options/energyefficient.jsp
Residential Energy Services Network -
http://www.natresnet.org/
Frequently
Asked Questions about EEMs -
http://www.natresnet.org/ratings/faq_mortgage.htm
Frequently
Asked Questions about Ratings -
http://www.natresnet.org/ratings/faq_rating.htm
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