There is a lot of buzz about FHA's Energy Efficient Mortgage Program or EEM! Prospect Mortgage is happy to announce that we do these mortgages and have been for a long time as a supporter for en
ergy efficiency and helping buyers & home owners reduce their operating costs.
Did you know......?
- This mortgage is underwritten as a regular FHA with a little more flexibility with debt to income ratio up to 2%. (Stretch Ratios)
- You can finance up to 5% (not to exceed $8,000) of the property's value, or $4,000 whichever is greater.
- Borrower may finance 100% of the expense of a cost effective energy package
- The eligible properties are both new and existing 1-4 units including condo and manufactured homes.
- PURCHASE OR REFINANCE!!
Area focused for Energ
y improvement
· Making thermal improvements to
building shells, including insulation,
weatherization and replacing outdated
windows and doors.
· Replacing older heating systems, cooling
systems, lighting, and other energy
-using devices with new and efficient
equipment.
· Repairing or adjusting existing
energy-using equipment.
More information and detailed examples please visit the official FHA WEB SITE
http://www.hud.gov/offices/hsg/sfh/eem/eemhog96.cfm
For an Energy Efficient Mortgage expert please call me at 970-223-8300 or 720-300-6777!
Catherine Eusea
Selling Branch Manager
Eusea Team at Prospect Mortgage
2032 Caribou Drive, Suite 102
Fort Collins, CO 80525
970-223-8300 Direct
720-300-6777 Cell
877-260-7114 Fax ***NEW FAX NUMBER
NMLS License-237244
CO License-100029963
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