Energy Efficient Homes Qualify for Advantageous Financing in Winston-Salem
Local home buyers in the Winston-Salem, NC, area have additional financial incentives to purchase energy-efficient homes under Fannie Mae's Energy Efficient Mortgage program (EEM), it was announced last week.
The EEM recognizes the savings value of energy conservation, which can enable borrowers to qualify for a larger mortgage. Depending on their income, loan borrowers can put down as little as $500 from their own funds.
“Building energy- and resource-efficient homes is one of the most significant movements in the home building industry in the last 30 years and a trend powered by voluntary, market-driven building practices,” said David Pressly, NAHB vice president and treasurer and the owner of a highly energy-efficient home in North Carolina
The announcement was made at a home in the new Morris Farms subdivision, where energy-efficient, single-family homes built by Homes by Hamrick have earned the Environmental Protection Agency’s ENERGY STAR® label for sound construction, lower energy consumption and reduced air pollution.