THE ENERGY EFFICIENT MORTGAGE or sometimes called THE GREEN MORTGAGE, can mean comfort and savings. When you are buying, selling, refinancing, or remodeling your home, you can increase your comfort and actually save money by using the Energy Efficient Mortgage (EEM). It is easy to use, federally recognized, and can be applied to all FHA and VA home mortgages.

EEMs provide the borrower with special benefits when purchasing a home that is energy efficient, or can be made efficient through the installation of energy-saving improvements.

There are two options with the Energy Efficient Mortgage, EEM or Green Mortgage:

Finance Energy Improvements
  • Cost-effective energy-saving measures may be financed as part of the mortgage
  • Make an older, less efficient home more comfortable and affordable
Increase Your Buying Power
  • Stretch debt-to-income qualifying ratios on loans for energy-efficient homes
  • Qualify for a larger loan amount
Who Benefits from the Energy Efficient Mortgage?
Buyers
  • Qualify for a larger loan on a better home
  • Get a more comfortable home NOW
  • Save money every month
  • Increase the potential resale value of your home
Sellers
  • Sell your home more quickly
  • Make your house affordable to more people
  • Attract attention in a competitive market
Remodelers/Refinancers
  • Get all the EEM benefits without moving
  • Make improvements which will actually save you money
  • Increase the potential resale value of your home

Pay for energy improvements easily, through your mortgage. Your lender can increase your loan to cover energy improvement costs.

HERS, or Home Energy Rating Systems

A HERS report provides an evaluation of an individual home’s energy-efficiency. Power Down America will provide a HERS report along with information on what improvements will qualify for the mortgage.

A HERS Report from Power Down America Includes:

  • Overall Rating Index of the house as it is
  • Recommended cost-effective energy upgrades
  • Estimates of the cost, annual savings, and useful life of upgrades
  • Improved Rating Index after the installation of recommended upgrades
  • Estimated annual total energy cost for the existing home before and after upgrades

A Rating Index is between 1 and 100. A lower index indicates greater efficiency. Cost-effective upgrades are those which will save more money through energy savings than they cost to install.

Send us an email or call today
(480) 326-9086 to see how we can help you!