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