Energy Efficient Mortgage

The energy efficient mortgage is an FHA program. The program is intended to have the client who qualifies for an FHA loan can add money to perform energy efficient measures to the home without adding down payment.

This is great program for older homes in need of energy efficient measure and new homeowners that cannot afford these upfront costs. The EEM provide a vehicle to do just that.

Here is how the program works. The new homeowner qualifies for an FHA loan. They decide to take advantage of the EEM program. They hire a HERS Rater to perform a rating on the house.

That is where Red E3 comes in, San Diego's premier Energy Audit and HERS testing company. As a HERS existing Home Rater we are qualified to provide the EEM report that is needed for an FHA VA loan as well as the 203B Rehab

The report will consist of the following:

Site visit where we meet with the agent or homeowner and interview them and find out what measures the client is interested in. At this time we set expectations of what the program can and cannot deliver.

We measure the building to determine to compile data for the report. First we start with the physical orientation of the house i.e. north east south and west walls. The report uses the front door for a reference for the report. Each wall is measured and if applicable what doors and windows are present. It should be noted that conditioned space only is measured. In other words if there is an attic it is not counted as square footage.

After compiling this data a drawing is produced to reflect the information. This is not an architectural drawing and is not intended for any purpose other than the EEM report. The window sizes and type are noted and there orientation as well as doors. Large glass French doors are considered window for the report but noted as doors on the drawing the same is true of sliding glass doors or any other door that is mostly glass.

Then the mechanical feature s of the house is noted. HVAC model number and age. Dishwasher, Domestic Hot Water and refrigerator model number and age unit type model and age. The house is inspected for insulation type and R rating of installed insulation

Blower Door and Ductblaster testing is optional. Red E3 performs these tests under most conditions.

The data is then entered into a database and a draft report is produced. It will show recommend energy efficiency upgrades and their estimated costs and projected savings.

The report is finalized with approval of the customer and or agent. There are some minor things that can be altered such as what systems they would prefer, however there is very little wiggle room it is more a matter of definition.