FHA Energy Efficiency Mortgages
WebsiteIncentive Summary
Category: Financing
Provider: US Department of Housing and Urban Development
Amount: The FHA allows lenders to add up to 100% of energy efficient improvements to an existing mortgage loan. This is done by insuring a loan of up to 5% of a home’s appraised value or $4,000, whichever is greater, but not to exceed $8,000. The amount varies by county/state and number of units in a dwelling. To calculate your eligibility, visit http://www.fha.com/lending_limits.cfm
Time Frame: Ongoing
Incentive Type: Loan
Specifics
Federal loan program that allows current or potential home buyers to incorporate the cost of energy efficient improvements into their new or refinancing FHA loan. To be eligible, you must meet income requirements and be able to make mortgage payments. An initial inspection by a home energy rating system or a qualified energy consultant is required to estimate potential energy savings. This loan is only available for one- or two-unit homes that will be occupied by the owner.
Forms & Instructions
Required Forms:
Apply online: http://www.ahmadvantage.com/landingpages/form1.aspx
Filing Instructions:
Homebuyers can submit applications to their local HUD Field Office through an FHA-approved lending institution, or they can apply directly online.
Contact Information
Email: assistance@fha.comAddress:
US Department of Housing and Urban Development
451 7th Street, S.W.
Washington, DC 20410