Energy Efficient Mortgage  

The Energy Efficient Mortgage (EEM) is offered through FannieMae's Housing and the Environment Initiative, which promotes the design, construction, and purchase of more efficient homes.

The EEM recognizes that energy-efficient homes cost homeowners less to operate on a monthly basis than standard homes because they use less energy. Borrowers who choose energy-efficient homes can afford to spend more on their housing expenses because they will likely spend less on their energy costs.

The EEM allows borrowers to qualify for a larger mortgage as a result of the energy savings. The EEM benefits those buying new, energy-efficient homes or those purchasing existing homes that need energy improvements.

For more information about Energy Efficient Mortgages, visit the following sites:

eFannieMae.com Single Family Home EEM info -
http://www.efanniemae.com/sf/mortgageproducts/options/energyefficient.jsp

Residential Energy Services Network -
http://www.natresnet.org/

Frequently Asked Questions about EEMs -
http://www.natresnet.org/ratings/faq_mortgage.htm

Frequently Asked Questions about Ratings -
http://www.natresnet.org/ratings/faq_rating.htm