Energy Efficient Mortgages for Green Homes.
In 2013 Green Homes comprised 23 percent of the overall residential construction market which is equivalent to $36 Billion and predicted to more than double by 2016.
“Green” Mortgages or Energy-Efficient Mortgages, EEM’s allow buyers to finance green home improvement due to the lower monthly utility cost associated with these improvements.
FHA green improvement cannot exceed a 5% of the property value and/or exceed $8,000. VA loans typically add up to $6,000 in energy efficient improvements.
These energy saving improvements also increase the value of your home with some of the features being:
- Solar Panels
- Geothermal Heating
- Tank-less Hot Water Heater
- Energy Star HVAC systems
- Energy Star Thermal pane windows
- Increase insulation
To read more on EEM’s click on links below.
This article has been written by David Popoff.
David Popoff | Broker
Direct Line: 203-228-0646
DMK Real Estate & Property Management is a full service license Connecticut Real Estate Broker firm that serves lower Fairfield County. With lower overhead costs DMK Realty can fulfill buyers and sellers needs locally and on the internet at lower costs compared to the larger national brands.
David Popoff is a license Connecticut Real Estate Broker specializing in Sustainability in lower Fairfield County, Connecticut.
DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.
Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.