Tag: EEM

Does Fannie Mae have an Energy Efficient Mortgage option?

Answer: Yes, they do. This can be found in their selling guide, section B5-3.3-01. Reference: B5-3.3-01, HomeStyle Energy for Improvements on Existing Properties (06/05/2018) Overview There are a number of HomeStyle Energy financing options available to a borrower who wishes to improve the energy and/or water efficiency of an existing property and decrease its related […]

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VA – EEM [Energy Efficient Mortgage] Program: What types of work can the VA EEM program be used for and how does it work? MTP™ – VA Energy Efficient Mortgages

Answer: EEM’s are fairly simple, but be sure to check first that your company allows them.  Some secondary markets restrict them, so depending on your secondary markets you may or may not be able to offer this loan type. Energy Efficient Mortgages (EEMs) are loans to cover the cost of making energy efficiency improvements to […]

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VA-Revision of Lenders Handbook-Chapter 7 [Loans Requiring Special UW] and Chapter 10 [Property Eligibility & Appraisals] Dated March 19, 2019 – Effective June 9, 2019

Written By: Tracey Rumsey, Staff Writer Heads Up VA originators, processors, underwriters and operations staff.  VA has lined up major changes that anyone touching a VA file needs to be aware of.  Read through this update where we specifically address Chapter updates 7 & 10. Rule Synopsis: VA announced at the Lenders Conference in April […]

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