Energy Efficient Mortgage Program- We do them!

There is a lot of buzz about FHA's Energy Efficient Mortgage Program or EEM! Prospect Mortgage is happy to announce that we do these mortgages and have been for a long time as a supporter for energy efficiency and helping buyers & home owners reduce their operating costs.

Did you know......?

• This mortgage is underwritten as a regular FHA with a little more flexibility with debt to income ratio up to 2%. (Stretch Ratios)
• You can finance up to 5% (not to exceed $8,000) of the property's value, or $4,000 whichever is greater.
• Borrower may finance 100% of the expense of a cost effective energy package
• The eligible properties are both new and existing 1-4 units including condo and manufactured homes.
• PURCHASE OR REFINANCE!!

Area focused for Energy improvement

· Making thermal improvements to
building shells, including insulation,
weatherization and replacing outdated
windows and doors.

· Replacing older heating systems, cooling
systems, lighting, and other energy
-using devices with new and efficient
equipment.

· Repairing or adjusting existing
energy-using equipment.

More information and detailed examples please visit the official FHA WEB SITE

http://www.hud.gov/offices/hsg/sfh/eem/eemhog96.cfm

For an Energy Efficient Mortgage expert please call me at 970-223-8300 or 720-300-6777!

Catherine Eusea

Selling Branch Manager

Eusea Team at Prospect Mortgage

2032 Caribou Drive, Suite 102

Fort Collins, CO 80525

970-223-8300 Direct

720-300-6777 Cell

877-260-7114 Fax ***NEW FAX NUMBER

www.EuseaTeam.com

NMLS License-237244

CO License-100029963