HERS Ratings - EEMs & EIMs

Energy Efficient Mortgages (EEMs) and Energy Improvement Mortgages (EIMs) provide upfront financing for home energy improvements and for purchases of energy efficient homes.

Energy Efficient Mortgages (EEMs)

The Federal Housing Administration (FHA) offers Energy Efficient Mortgages as a means for purchasers of homes to pay for energy efficient home features upfront. These energy efficiency improvements must be confirmed by a certified Home Energy Rater (HERS Rater) such as 1st Choice Energy. 

While incorporating the cost of energy efficient home upgrades into the cost of the mortgage, Energy Efficient Mortgage payments will typically be slightly higher than a standard mortgage payment. This additional cost, however, is typically offset by the lower utility costs of energy efficient homes. Contact us today to learn more about how an Energy Efficient Mortgage can help you refinance or purchase an energy efficient home. 

Energy Improvement Mortgages (EIMs)

While Energy Efficient Mortgages are typically used to finance the purchase of an efficient new home such as an Energy Star home, an Energy Improvement Mortgage is typically used to purchase or refinance an existing home that has energy efficiency improvements made to it. These improvements can include attic insulation, air sealing and duct sealing, energy efficient windows, high efficiency HVAC systems and more.

Contact us today to discuss whether an Energy Efficient Mortgage or Energy Improvement Mortgage is right for you, or visit Energy Star for further details about how EIMs and EEMs work. 

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