Freddie Mac Energy Efficiency Mortgages
WebsiteIncentive Summary
Category: Financing
Provider: Freddie Mac
Time Frame: Ongoing
Incentive Type: Loan
Specifics
Mortgage program in which private lenders sell loans to Fannie Mae and Freddie Mac, which in turn allow homebuyers to borrow up to 15% of an existing home’s appraised value for improvements documented by a Home Energy Rating. Fannie Mae adjusts the value of the home to reflect the value of the energy efficiency measures and also lends up to 5% for ENERGY STAR new homes. Fannie Mae EEMs are for single-family, owner-occupied units. Freddie Mac offers EEMs for 1-4 unit dwellings and allows lenders to increase the borrower’s income by a dollar amount equal to the estimated energy savings. Unlike FHA or VA mortgages, these loans are not guaranteed by a particular federal agency.
Forms & Instructions
Filing Instructions:
Apply directly to your local lender. For advice on finding a Freddie Mac lender, visit: http://www.freddiemac.com/corporate/buyown/english/mortgages/lenders/ finding.html
Contact Information
Phone: 703-903-2000
Address:
Freddie Mac
8200 Jones Branch Drive
McLean, VA 22102-3110