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FHA Energy Efficient Mortgage by On Q Financial
Lender: FHA Energy Efficient Mortgage by On Q Financial
Product Description
The Federal Housing Administration's (FHA's) Energy Efficient Mortgage (EEM) helps homeowners finance the cost of adding energy efficiency and renewable energy upgrades to their home as part of an FHA-insured home purchase or refinance mortgage. The actual mortgage loan is provided through an FHA-approved lender, such as On Q Financial, and the FHA provides mortgage insurance to reduce the risk of the additional energy project cost to the lender. The additional energy project cost available to the homeowner through the EEM is determined by the results of an energy audit, usually provided through a professional who conducts a Home Energy Rating System (HERS) test on the house. As with any typical mortgage, EEMs can be structured in many different ways that may include closing costs, fees or points.
Miscellaneous Information
Interest rates are fixed.

One time fees may include a 1.75% mortgage insurance fee among others. Ongoing fees may include a .85% monthly FHA mortgage insurance fee. Check with the lender for details.
Verified by Lender on: 2/24/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Financing Type
Financing & Payment Information
Rate (APR):
Market Rate
Term (years):
30 years
Minimum Amount:
$50,000 +
Maximum Amount:
One-time fees
Down Pmt. Required:
Re-pmt. Method:
Off-bill loan (Direct to Lender)
Pmt Frequency:
Pre-pmt Penalty:
Allowable Projects
Funds Energy Efficiency projects
Funds Renewable Energy projects
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed