The Fannie Mae Energy Efficient Mortgage (EEM) is one of the most important products in their Housing and Environment Initiative, a comprehensive menu of mortgage options designed to promote the design, construction, and purchase of more efficient homes.  For more information about EEMs, go to: http://www.efanniemae.com/hcd/single_family/mortgage_products/eem.html

The EEM recognizes that energy efficient homes cost homeowners less to operate on a monthly basis than standard homes because they use less energy.  Homebuyers who choose energy efficient homes can afford to spend more on their housing expenses because they will likely spend less on their energy costs.  The EEM allows borrowers to qualify for a larger mortgage as a result of the energy savings.  The EEM benefits those buying new, energy efficient homes or those purchasing existing homes that need energy improvements. 

To qualify for an EEM, the property must have a HERS report.  Home Energy Rating Systems (HERS) evaluate the subject property's energy-efficiency.  A HERS report is prepared by a trained Energy Rater.  Factors such as window types, local climate, appliance efficiencies, insulation and utility rates are used to rate the home and calculate energy costs.  Contact Lee O'Neal of NSpects at (703) 222-4925 or email: nspects@nspects.com.  For more information about HERS, contact NSpects' website at: http://www.nspects.com . 

HomeFirst Mortgage Corp.^© ("HomeFirst") is a mortgage broker who specializes in Fannie Mae's EEM.  HomeFirst will work hand-in-hand with the borrower, the HERS Rater, the lender, the settlement agent as well as the realtor, if needed.  HomeFirst is experienced with EEMs and is determined to find the right mortgage to help borrowers attain their financial goals.  You can learn more about HomeFirst at:  http://www.homefirstmortgage.com . 

Program Benefits

• Energy savings reduce monthly operating costs
• 100% of energy improvements can be financed--up to 15% of the value of the home for existing homes and 5% of the home's value for new construction.
• Increase borrower qualifying income
• More comfortable home in all seasons and climates
• EEM allows borrowers to qualify for a larger mortgage as a result of energy savings
• The EEM benefits those buying NEW, energy efficient homes or those purchasing existing homes that need energy improvements

Mortgage Broker specializing in EEMs

HomeFirst Mortgage Corp. ^© ("HomeFirst") is a mortgage broker headquartered in Alexandria, Virginia.  HomeFirst proudly celebrated it's tenth anniversary in 2003.  HomeFirst Mortgage today is still owned and managed by one of the original founders, Greg Kundinger.

HomeFirst is approved to do business with over 45 lenders and licensed in Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Iowa, Kentucky, Maine, Maryland, Michigan, North Carolina, Virginia and West Virginia.  We have applied for licensing in the following states:  Vermont, Ohio, Massachusetts, Pennsylvania and Rhode Island.

For more information about HomeFirst, go to http://www.homefirstmortgage.com.  Should you want to fill out an application online at HomeFirst's secure website, go to https://www.SecureMortgage.net/www_homefirstmortgage_com/default.asp?accessCode=guest&page=apply&extern=yes.  Select Mitch Bieker when choosing a loan officer for your Energy Efficient Mortgage.