EEM Funding

In today’s economy, some people are turned off to the idea of an energy efficiency household because they are under the impression that it is too expensive.  However, what is not understood is that utilities make up a big chunk of your monthly expenses.  If you could lower these monthly costs you can save a significant amount of money in the long run. 

So what exactly is an Energy Efficient Mortgage?

Simply put, an EEM increases the amount a homeowner is permitted to borrow by increasing debt-to-income qualifying ratios.  By increasing the borrower’s buying power, it enables him or her to either purchase an energy efficient home or make energy efficient improvements throughout his or her current home.  

How do I qualify for an Energy Efficient Mortgage?

Qualifying for an EEM is actually fairly easy.  As long as you are approved for a home loan, the chances are that you will also be eligible for an EEM.  Before getting an EEM, your home will need to undergo an energy-efficiency audit by a trained Energy Rater. Through this evaluation, the buyer will receive recommended cost-effective energy upgrades, estimates of the cost and annual savings, and the estimated annual total energy cost before and after the upgrades.

Long Term Benefits

Initially, you may not see the money you are saving through an EEM because your monthly mortgage payment will be higher.  However, over the long run, you energy savings should more than offset increased mortgage costs.  Additionally, when it comes time to resell your energy efficient home, not only will the resale value be higher, but odds are it will sell more quickly as well.  So if you are looking for a way to save money in the long run, in addition to helping maintain a healthy environment, Energy Efficient Mortgages might be the perfect choice for you.

Brittney Marino is a writer for Total Mortgage Services.  For updates on today’s current Mortgage Rates, be sure to check our rates page.

Golden State Energy Consultants was founded by Craig Iden a Calcerts HERS II rater, licensed home performance contractor and owner of Golden State Home Inspections” as a way of providing needed services to home and business owners in our community.  For more information about our services contact us at 800.441.0804 or  Visit the website at:

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