Energy efficient home loans are offered by a number of different private lending and mortgage companies that work with Fannie Mae, Freddie Mac, the Federal Housing Administration or the Office of Veteran’s Affairs, and they are designed to give homeowners more purchasing power in order to promote “greener” homes and more energy efficient choices in building and home improvements. If you’re looking for good home improvement loan rates, you might have to take your time and shop around a little bit. If you’re looking to purchase a newly built or existing home that is being advertised as “energy efficient” or ENERGY STAR rated, then you may be able to qualify for an Energy Efficient Mortgage, commonly called an EEM.
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