New EEM Incentives
August 19, 2008 by Eleanor
Filed under FHA Mortgage Loans
Okay – so if I were you I’d want to know what the heck the EEM is! It’s a special program available for FHA, VA and Conventional loans – originally designed to encourage folks to be more Energy Efficient, and “Green” with their homes.
Energy Efficient Mortgages give special allowances to homebuyers, and those who wish to remodel in a manner that adds additional insulation, and perhaps a solar water heater (for instance). The program was initially designed in President Carter’s “Day” and has been somewhat obsolete.
The New Housing Bill includes mandates for upgrading the program, but at First Financial Services, Inc., we are adding a few updates on our own!
Effective September 1st, Energy Star Certified Homebuyers going “First Financial Green for Green” receive:
$1,000 towards closing costs
16,500 pound carbon offset supporting greenhouse gas reduction projects, further reducing the home’s carbon footprint
6 month membership to the Arbor Day Foundation, including 10 trees to be planted in celebration of your new home or delivered directly to your home for you to plant!
