
Late last year Fannie Mae rolled out a new product, its Energy Improvement Feature (EIF). The EIF replaced the Energy Efficiency Mortgage. On paper, the EIF seems to be a significant improvement, allowing up to 10% of the completed appraised value of the home to be for energy upgrades, up from the previous 5% cap. So far, lenders in Arkansas seem clueless about the new program. Is there a pro…
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