Single Family Loan Production-Energy Efficient Mortgage Pilot Program U. S. Department of Housing and Urban Development Washington. This Pilot Program is effective immediately. Because the home is energy efficient, the family will save on utility costs and thereby can afford to devote more of its income to the monthly mortgage payment.
Energy efficiency can include both energy saving and active and passive solar technologies.
The detailed program requirements and processing and underwriting procedures for the FHA EEM Pilot Program are set forth below. Only existing one and two unit properties located in the above mentioned States arc eligible. New construction is not eligible, nor are three and four unit existing properties. The FHA maximum loan limit for the area may be exceeded by the cost of the energy efficient improvements. The HERS or energy consultant must be an independent entity, not related, directly or indirectly, to the seller of the property or the prospective borrower.