Are you a veteran in need of a housing solution that saves you money on utility bills? Look no further than the VA Energy Efficient Mortgage.
Sprint Veteran Loans is an organization that provides resources and support for veterans seeking energy-efficient homes. The VA Energy Efficient Mortgage is just one of the many services that help make homeownership more affordable for our nation’s heroes.
Whether you’re looking to buy a new home or refinance your current one, the VA Energy Efficient Mortgage can help you save money on your utility bills and reduce your carbon footprint. Let’s explore the benefits of this program and how it can benefit you as a veteran.
A VA Energy Efficient Mortgage, also known as a VA EEM, is a type of loan offered by the Department of Veterans Affairs (VA) that allows eligible veterans and active-duty military personnel to finance energy-efficient improvements for their homes during the purchase or refinance process.
The improvements can include installing energy-efficient heating and cooling systems, insulation, weatherization, and other upgrades that improve the home’s energy efficiency.
The goal of the VA EEM is to help veterans and military personnel reduce their monthly utility bills and overall energy consumption while also improving the comfort and value of their homes.
As a veteran, you have access to one of the most affordable mortgage programs available: the VA loan. The benefits of this program extend beyond simply providing a way for veterans to buy a home.
The VA loan program recognizes the importance of energy efficiency for homeowners, which is why they have a specialized program that focuses on energy-efficient improvements.
Let’s take a closer look at the types of VA loan energy-efficient improvements you can make.
Solar panels are an excellent way to increase energy efficiency and reduce your reliance on traditional power sources. Solar panels can help you save money on your monthly electric bills by tapping into renewable energy sources. By using your VA loan to install solar panels, you could reduce your energy bill by up to 70%.
Energy-efficient windows can help reduce energy consumption and improve the overall comfort of your home. These windows are made with special insulating materials that prevent heat from escaping your home during the winter and keep it from seeping in during the summer. With energy-efficient windows, you could save up to 15% on your energy costs.
A geothermal heat pump is another excellent investment that could help you save on energy bills. Instead of relying on traditional heating or cooling methods, a geothermal heat pump uses the natural temperature of the earth to regulate your home’s interior temperature. It can reduce your overall energy consumption by up to 65%.
Insulation is one of the simplest and most effective upgrades you can make to improve energy efficiency. Proper insulation in your attic and walls can help keep your home warm in the winter and cool in the summer, reducing the amount of energy required to maintain a comfortable indoor environment. Additionally, a well-insulated home can save up to 20% on heating and cooling costs.
Replacing appliances with Energy Star-rated models is another excellent way to improve energy efficiency. Energy Star-rated appliances consume less energy than traditional appliances, translating to lower utility bills. You can apply for a VA loan to purchase Energy Star-rated refrigerators, washers, dryers, and other appliances.
As people become more conscious of their environmental impact and energy usage, energy-efficient mortgages have gained popularity as an option for those looking to purchase or refinance their homes. VA Energy-Efficient Mortgages (EEMs) are one such option for veterans and military members. But before making a decision, it’s important to weigh the pros and cons.
VA Energy Efficient Mortgages are designed to help veterans save money on their monthly utility bills while also reducing their environmental impact. To be eligible for a VA Energy Efficient Mortgage, a veteran must first qualify for a VA home loan.
Likewise, the home being financed must meet certain energy efficiencies standards, such as having a solar water heater, energy-efficient windows, or a programmable thermostat. Veterans can work with an approved energy assessor to determine what upgrades would be needed to make their home eligible for this type of mortgage.
By taking advantage of this program, veterans can enjoy a more comfortable home while also saving money and helping the environment.
Are you looking to make energy-efficient upgrades to your home but don’t have the funds to do so? A VA EEM Home Loan might be the solution you’ve been searching for. Here’s a list of steps to take if you want to get a VA EEM Home Loan:
To qualify for a VA EEM (Energy Efficient Mortgage) Home Loan, you need to be an active-duty service member, veteran, or a surviving spouse of a veteran who died in service or as a result of a service-connected disability. Additionally, you should have sufficient income and credit to meet the lender’s requirements.
To get approved for a VA EEM Home Loan, your home must first be assessed by a Home Energy Rater (HER). The HER will identify the upgrades you could make to improve your home’s energy efficiency.
Not all lenders offer VA EEM Home Loans, so you should research and find a lender who offers these types of loans. You should also compare interest rates, closing costs, and other offers before choosing a lender.
Once you’ve found a lender, you’ll need to apply for a VA EEM Home Loan. You’ll need to provide proof of your eligibility, including your DD-214 or Certificate of Eligibility. You’ll also need to provide the HER report and a list of the energy improvements you plan to make in the loan application.
If your lender approves your application, you’ll receive loan documents to sign, including disclosures and the loan agreement. After you sign the documents, your lender will fund the loan, and you’ll be able to make energy-efficient upgrades to your home.
The VA Energy Efficient Mortgage from Sprint Veteran Loans is an excellent choice for veterans looking to purchase a new home. This special mortgage program is designed to help borrowers save money on their energy bills by financing energy-efficient upgrades and renovations.
With this mortgage, veterans can take advantage of financing options that are tailored to their unique needs and budget, making homeownership more affordable and accessible.
Whether you’re a first-time buyer or an experienced homeowner, the VA Energy Efficient Mortgage can help you get the house of your dreams while saving money on your energy bills. So if you’re a veteran looking to buy a home, contact us today.
From Veterans like you… and counting!
Average Customer Satisfaction Rating
Josh and Kim are amazing! They are knowledgeable and responsive to calls for assistance. With their help, we were able to refinance after three attempts over a period of three years. We obtained a loan with a lower APR than we ever dreamed possible. We also exceeded our goals by refinancing our first and second mortgages for a shorter term, while getting cash out for home repairs. Obviously, we would highly recommend them, and we already have! Thank you!
Working with Josh was a pleasure. He had just come off a six-month refi attempt with another lender, lost papers shifting agents, etc. what a nightmare! Josh got us funded in six weeks. Every step of the way was to handle in a professional way. Kim sent us weekly updates so we were never left in the dark. what a pleasure to work with a real loan company. Thank you, Josh and Kim Les and Alexis Howard!
Josh took us from an interest-only mortgage to a VA loan that cut our interest rate in half – safe to say we’re pretty stoked!
SprintFunding loans work for you. Josh’s staff was very helpful throughout the entire process. Informative, reliable, and flexible. Will use SprintFunding in the future and highly recommend them to anyone.
Very professional with attention to details that made the overall experience very positive. Good Follow-up and weekly updates as to the process that leads to the expected closing date.
Josh worked very hard to help me with my loan. He was very responsive and flexible and provided very helpful guidance throughout the process. I really appreciate all the good work.
Great job! Thank you for all of your help!
Honest service. We knew Josh growing up here in Fallbrook. Love to support local businesses.
Would highly recommend SprintFunding to all. High integrity and constant communication from start to finish. We loved how we were kept in the loop with updates!
We did a double refinance with Josh and were very please with the interest rates and service.
A friend of mine recommended Josh to me. I was shopping around, out of 3 brokers Josh understands my needs the most–reasonable closing cost and need to be close fast. I spoke to him on 4/16 and we moved into the place on 5/10. Both the listing agent and my agent compliment this is a quick and clean close. Josh is a professional and a guy with integrity. I would recommend him to my friends and family
Excellent service, great communication – will definitely recommend them to friends and family!
Josh and his team are incredibly knowledgable and helpful. They walked us through the entire process. It was evident that Josh put our needs before his own in order to help us with our refi. I would use SprintFunding to assist me in financing another proerty or refinancing my home again. I have and will continue to recommend Josh and his team to my clients and friends.
Had a wonderful experience with this team. Wonderful staff, even though I called them so many times for up dates and questions. They were always happy to help. They definitely got the job done.
