With an Energy Efficient Mortgage (EEM), you will be able to upgrade windows from a single pane to dual pane, heating unit, air conditioning unit, water heater and insulation in the attic and walls on a new purchase or a refinance loan.
Benefits of this program:
No additional income required to qualify for extra funds
The appraisal does not have to appraiser at the higher amount for the additional funds
No additional time to close escrow
Work is completed after the close of escrow
May qualify for tax credit for energy efficient up grades (please see a certified public accountant to verify which items may qualify with the star energy rating)
May not have the funds for these upgrades after the close of escrow, lets finance them into the loan
Rate does not increase when taking advantage of this loan program
One loan, no additional cost or a 2nd lien on the property
Lets discuss this bright idea by completing the short contact sheet below or call me directly!
Mountain West Financial, Inc 9227 Haven Avenue #110 Rancho Cucamonga, CA 91730