April 6th, 2011 6:55 PM by Teresa Molina
HUD has announced its FHA Home Energy Retrofit Loan Pilot Program (Retrofit Pilot Program) known as FHA PowerSaver. This new financing option will enable homeowners to make energy saving improvements to their homes through affordable, Federally-insured loans from private lenders. Homeowners will be able to borrow money for terms as long as 20 years to make energy improvements of their choice, based on a list of proven, cost-effective measures developed by FHA and the Department of Energy (DOE).
Be sure you consult with your loan officer!