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Some communities, states and government agencies are also offering tax breaks for homes that are energy efficient and/or save on energy costs by certain percentages. Consult your Home Builder, Mortgage Broker, Realtor, or your communities government office to find out if there are any tax breaks available for energy efficient homes that you may qualify for. These tax breaks can even be in addition to the Energy Efficient Mortgages that some lenders are offering.
The FHA "Streamlined K" mortgage will allow you to finance uprgrades to a home being purchased in order to become more energy efficient.
The FHA Energy Efficient Mortgage covers upgrades for new and existing homes and is now available in all 50 states. Key features includes:
Loan limits may be exceeded
No re-qualifying
No additional down payment
No new appraisal
$4,000 or 5% of the property value (up to $8,000) may be financed
This post has been filed under : energy efficient global warming mortgage
Feeling Like a Square Peg in a Round Hole? Super Jumbo mortgage lending is a highly specialized field, requiring a level of expertise gained only through the experience of handling a large number of multi-million dollar transactions. If you're tired of lenders trying to "fit" your unique financial needs into their conventional lending comfort zone, consider becoming a Private Client of R1.
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Feeling Like a Square Peg in a Round Hole? Super Jumbo mortgage lending is a highly specialized field, requiring a level of expertise gained only through the experience of handling a large number of multi-million dollar transactions. If you're tired of lenders trying to "fit" your unique financial needs into their conventional lending comfort zone, consider becoming a Private Client of R1.