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Can an Energy Efficient Mortgage (EEM) be allowed using the 203(k) program?

April 26, 2017allowed eem mortgage program

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Can an Energy Efficient Mortgage (EEM) be allowed using the 203(k) program?

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Yes. A borrower can finance into the mortgage 100 percent of the cost of eligible energy efficient improvements, subject to certain dollar limitations, without an appraisal of the energy improvements and without further credit qualification of the borrower.