What is an Energy Efficient Mortgage?

To get an EEM, borrowers typically are required to have a professional conduct a home energy rating to verify that the home is energy efficient.

By incorporating the costs of energy efficiency improvements into the loan itself, an ENERGY STAR mortgage allows borrowers to pay for those investments over the life of their loan and deduct the interest from their federal and state income taxes. One of the key benefits of an ENERGY STAR mortgage is that a borrower can finance and make energy-saving improvements to their homes without paying more for financing than they would for a typical mortgage. Participating lenders also offer borrowers an additional financial benefit above and beyond the value of the home energy savings, such as discounted mortgage rates, reduced loan fees, or assistance with closing costs.

Thanks to everyone for thinking green! Contact Browne for information for an Energy Efficient Mortgage.

EcoBroker Browne Pearson

Browne was one of the very first Eco-brokers in Fort Lauderdale for finding and offering homes to her clients that allow them to live more sustainably. Vicki E., Client