You can actually fold the cost of adding energy-efficient improvement into your client's mortgages with an Energy Efficient Mortgage (EEM). And of course this will lower their utility bills significantly.
The cost of the improvements that may be eligible for financing is either 5 percent of the property's value (not to exceed $8000) or $4,000, whichever is greater. FHA loan limits do not apply to the EEM, but loan amounts may not exceed the projected savings of the energy-efficiency improvements.
Homebuyers must submit a Home Energy Rating (HER), contractor bids, and a FHA B worksheet.
