Perfect for: Homebuyers who would like to make their property more energy-efficient but lack cash that is upfront upgrades
Making “green” upgrades could be high priced, you could get an energy-efficient home loan (EEM) loan that’s insured through the FHA or VA programs.
An EEM loan allows you to tack the expense of energy-efficient upgrades (think insulation that is new a more effective HVAC system or double-pane windows) on your main loan upfront — all without a more substantial advance payment.
8. FHA part 203(k)
Perfect for: Homebuyers thinking about purchasing a fixer-upper but who don’t have actually plenty of money to produce home that is major
An FHA Section 203(k) loan is worth a look if you’re brave enough to take on a fixer-upper but don’t have the extra money to pay for renovations. Continue reading “I want to inform about Energy-efficient mortgage (EEM)”