Energy Efficiency Mortgage. EEMs recognize that the monthly energy bill savings from improved energy efficiency can more than offset the increased monthly mortgage cost attributed to energy-efficiency upgrades. Some products allow a higher loan-to-income or debt-to-income ratio while other newer, more innovative products finance 100 percent of all cost-effective energy-efficiency upgrades in the mortgage, thereby eliminating any increased down payment and requalification requirements.
Energy Efficient Mortgage. Energy Efficient Mortgage is a program sponsored by the U.S. Department of Housing and Urban Development to help make energy-efficient homes more affordable and improve the energy efficiency of existing homes.
see Energy Efficient Mortgage
Energy Efficient Mortgage. A special type of mortgage that takes into account the monthly operating cost savings realized by living in an energy-efficient home, thereby enabling mortgage underwriting guidelines to be adjusted to reflect the economic effect of lower monthly payments for energy.
Energy Efficient Mortgage. A U.S. federal law preventing creditors and lenders from discriminating based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Emergency Efficient Mortgage. a FHA program which allows existing homeowners or buyers to include energy efficient improvement costs to their mortgage loan; no additional money is needed for down payment; the loan limits may be exceeded
An energy efficient mortgage, often funded by Freddie Mac, Fannie Mae, VA or FHA, that recognizes the energy efficiency of a home and allows the lender to stretch the
Energy Efficient Mortgage; an FHA program that helps homebuyers save money on utility bills by enabling them to finance the cost of adding energy efficiency features to a new or existing home as part of the home purchase
