What are Energy Efficient Mortgages (EEMs)?

Energy efficient mortgages (EEMs) are mortgages with special underwriting guidelines that can make it easier for borrowers to qualify for a loan to purchase a home that features cost-effective energy efficient improvements. For example, one common EEM allows the lender to increase the borrower’s annual income by a dollar amount equal to the estimated energy savings. EEMs allow lenders to make larger loans, more loans, and safer loans. For more information on different types of EEMs visit our EEMs web page. To find an energy efficient mortgage lender, visit our Homes Locator Tool.
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Topic Information
  • Topic #: 23002-21026
  • Date Created: 4/25/2006
  • Last Modified Since: 10/12/2010
  • Viewed: 4963
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