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“Buyers: Why Green is Worth It” and the Energy Efficient Mortgage Program.

Just finished reading:

I agree, green is worth it.  From the warm fuzzy feeling you get from doing something good for the environment: your LIVING environment and the GLOBAL environment.  Green is good because you could get a TAX credit.  Green is also good because you may quality for an Energy EFFICIENT mortgage.

Did you even know that there are special mortgages designed that allow you to incorporate the price of an energy efficient improvement into your mortgage?  I just took a fantastic continuing education class that went over some details on this type of mortgage.

HUD’s Energy Efficient Mortgage Program:  www.hud.gov/offices/hsg/sfh/eem/energy-r.cfm

1. Can be up to $8,000.  Only certain improvements/items quality.
2. You do not need to qualify for the additional funds (up to $8,000).

3. The appraisal does NOT need to come in $8,000 above.

4. A home audit will be performed.  Many utility companies  can provide.

5. The improvement is done after the loan closes.

Contact your local utility company to learn about audits.  Here’s the link to New Hampshire’s: NH Home Performance with ENERGY STAR®
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