Energy-efficient mortgages are specialized loan programs that help homebuyers and homeowners finance energy-efficient home purchases and improvements. The basic premise is that energy-efficient homes have lower utility bills, which means homeowners have more money available for mortgage payments. This leads to lower default risk, which lenders can account for in their terms. Homebuyers and homeowners are eligible, and Income limits may apply.

These loan programs are available for energy-efficient home purchase and home improvement.

• Fannie Mae’s HomeStyle Energy Mortgage
• Freddie Mac’s GreenCHOICE Mortgage
• FHA Energy-Efficient Mortgage Program
• Veterans Affairs Energy Efficient Mortgage
• USDA Single Family Housing Guaranteed Loan Program
• EEMs are generally available when purchasing a home or refinancing.