04 May '12, 8pm

VA Pamphlet 26-7 [3.17] Energy Efficiency Mortgages (EEMs ...: Energy Efficient Mortgages refer to loans for the...

VA Pamphlet 26-7: [3.17] Energy Efficiency Mortgages (EEMs) a. Energy Efficient Mortgages refer to loans for the acquisition of an existing dwelling and the cost of making energy efficiency improvements to the dwelling[, or refinancing an existing VA loan with an IRRRL,] or for energy efficiency improvements to a dwelling owned and occupied by a veteran. A veteran who purchases an existing home will be informed of the opportunity to include energy conservation improvements in the financing. The CRV, VA Form 26-1843, Certificate of Reasonable Value, issued for any existing property (ch. 9, par. 9.01a) includes the following notice to the veteran: "The buyer may wish to contact a qualified person/firm for a home energy audit to identify needed energy efficiency improvements to the property. In some localities, the utility company may perform this service. The mortgage amount...

Full article: http://www.resnet.us/professional/lenders/va_26_7

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