Refinancing to Pay for Renovations? Consider the VA’s Energy Efficient Mortgage Program

Making renovations that are energy efficient is not just a great way to reduce energy output, but it’s also an effective way of decreasing monthly utility costs. It serves as a one-time investment that will save money in the long run.

However, renovations are costly and not everybody has the extra finances required to make energy efficient changes. This is where the VA’s energy efficient mortgage (or EEM) program comes into play.

The program is designed to allow veterans to apply for a new mortgage or refinance an existing one with extra funds to renovate the home to be up to energy efficient standards.

The Three Tiers Under The VA’s Energy Efficient Mortgage Program

The VA has three tiers for the cost of renovations to be done under the EEM program. The lowest, and easiest to be accepted for, is for improvements that will total under $3,000. A list of costs or a contractor’s quote may be required in the application process.

The second tier is for renovations that will cost between $3,001 and $6,000. This will require the homeowner or homebuyer to get a Home Energy Rating System report to detail how efficient a home is currently and what can be done to decrease its HERS rating.

The final tier is for any improvements to the home that will cost over $6,000. This is the most difficult tier to receive acceptance for as both the Department of Veterans Affairs and the private lender will need to approve the renovations.

Types Of Improvements Under The EEM Program

The program covers a variety of renovations for the home. These include: new insulation to walls, floors and ceilings, solar powered heating and cooling systems, thermal doors, thermal windows and new caulking and weather stripping.

There are also items that will not be covered by the program, including new roofing, vinyl siding and air conditioning units.

Using The EEM Program To Receive A Larger Loan

Any veteran or currently active military member looking to buy a brand new home can still benefit greatly from the energy efficient mortgage program. If a new home undergoes a HERS report and passes as being energy efficient, this can be applied to a VA mortgage to receive as much as $6,000 extra on the loan.

Speak with your local mortgage professional to go into more detail on the intricacies of refinancing under the EEM program and whether or not your home will qualify.  If you need mortgage professional, give me a call – 602-320-4253.

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1656 N Ventura Lane Tempe, AZ 85288

$559,000

3 Beds

2.5 Baths

1,528 SqFt

Status Active

MLS # 6766827

Property Type Single Family Residence

Price Type --

****Beautifully Remodeled 3-Bedroom,2.5-Bathroom Home in Prime Tempe Location***Offers a comfortable living space, nestled just 2.5 miles from Old town Scottsdale and adjacent to the beautiful Papago Mountains. This home offers convenience and beauty in one of the most desirable areas in Tempe. This bright and spacious home features modern finishes throughout, including an updated kitchen with stainless steel appliances and quartz countertops. Porcelain tile flooring with oak wood design, the large living area offers a cozy family room with an updated fireplace. The upstairs houses generously sized bedrooms. Two car garage with additional storage space, and newly installed Polyaspartic flooring. This home also offers easy access to Sky Harbor Airport, major highways, restaurants & shopping. **Community amenities**Enjoy access to a community pool, bike/jog paths, and a well maintained common area. Come see it today!

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13326 W Montansoro Lane Peoria, AZ 85383

$559,000

2 Beds

2 Baths

1,760 SqFt

Status Active Under Contract

MLS # 6753497

Property Type Single Family Residence

Price Type --

SPECTACULAR N/S home on a PREMIUM lot with a NATURAL DESERT/MOUNTAIN SETTING - walking distance to the MITA CLUB! This GORGEOUS like new - open concept - 2022 built Vibrant shows like a MODEL & furniture can be purchased on a separate Bill of Sale making it the perfect winter retreat or full-time home! PAVER driveway/walkway & STONE ACCENTS greet you as you enter this PRISTINE home! STUNNING tile flooring in all the right areas & upgraded carpet in the bedrooms. The BEAUTIFUL kitchen features a large breakfast island, pendant lighting, roll-outs/trash-recycle & soft close drawers, LED under cabinet lighting, GRANITE slab, large pantry, gas stove, SS appliances & dining area. Great room w/2 large windows overlook the natural desert. Den/office has a BUILT-IN cabinet for additional storage. Both baths have CUSTOM tile showers w/decorative listelles - framed mirrors in the spacious owner's suite w/dual sinks & large walk-in closet. Enjoy your FENCED backyard DESERT OASIS - EXTENDED COVERED paver patio, synthetic grass, lighting & natural stone fountain. What an AMAZING opportunity to make this your HOME!! Upgrades: split-tilt plantation shutters, drapery panels, two tone paint t/o, laundry sink w/upper & lower cabinets w/stone c-tops, larger baseboards t/o, lighting, ceiling fans, deeper garage for toys/storage, water softener, reverse osmosis & trash enclosure on side of home.

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820 W 19th Street Tempe, AZ 85281

$559,000

3 Beds

2 Baths

1,574 SqFt

Status Active

MLS # 6768660

Property Type Single Family Residence

Price Type --

A great opportunity to own this perfect home in Tempe close to ASU. 3/2 with an extra bonus room (Arizona Room) AND a 220 sq ft detached workshop/shed with AC/Heat and running water. This can easily be converted to a guest suite, 4th bedroom, tiny house, man cave, she shed etc. Possibilites are endless! This home really has it all. Backyard features a RV gate that is custom double wide, pavers, artificial grass, patio etc. Must see! North/South exposure. Kitchen has granite countertops, kitchen island, and stainless appliances. About a block away is Clark Park in Tempe which is newly renovated and has a playground, community center, dog park, community garden, and a heated public pool! Come see this property - you will not be dissappointed!

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9196 E Mogollon Trail Gold Canyon, AZ 85118

$559,000

3 Beds

2 Baths

1,525 SqFt

Status Active

MLS # 6774647

Property Type Single Family Residence

Price Type --

This exceptional, move-in ready home is fully upgraded awaiting new owners! Highlights include a new air conditioning system, new bluet tooth water softener, a large spacious lot,& and a three-car garage. The beautifully designed kitchen features elegant cabinetry, solid surface countertops, stainless steel appliances. With a split-bedroom layout for added privacy, the home boasts seamless tile and laminate flooring throughout. The primary bedroom is a showstopper with a charming bay window, vaulted ceilings, and an airy atmosphere. The remodeled bathroom is equally impressive, with a custom barn door, upgraded mirrors and lighting, a separate tub and shower with clear glass doors, and elegant upgraded tile. Add linen closet for extra storage. Step outside to your expansive back yard - It features an extended patio, a putting green, a pool & spa w/newer pool heater, Bluetooth-controlled pool automation, new pumps, a spa blower, and a new paper filter. An RV gate and paved slab provide additional parking space. Rentals are permitted. Furnishings are also available for purchase under a separate bill of sale. LOW HOA only $54 a year!!!This home is a true gem and sure to impress. Don't miss your chance to see this remarkable property!

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210 S Thunder Mountain Payson, AZ 85541

$559,000

3 Beds

2 Baths

1,635 SqFt

Status Active

MLS # 6775030

Property Type Single Family Residence

Price Type --

Dont miss the opportunity to own a newly built home nestled in the quaint neighborhood of Sanctuary at the Rim. This 3-bedroom 2 bath home is perfectly located minutes from great restaurants and local stores yet minutes from creeks, hiking trails, kayaking, and golf. , Home boast an open floor plan with a large kitchen with a large granite island leading to the open living area perfect for entertaining. Easy to clean plank flooring, white cabinetry and stainless steel appliance. Exquisite tiled bathrooms, double sinks, black trim throughout home bringing it all together. This home is a must see, you will not be disappointed,

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14108 W Lisbon Lane Surprise, AZ 85379

$559,000

5 Beds

3 Baths

3,675 SqFt

Status Active Under Contract

MLS # 6742027

Property Type Single Family Residence

Price Type --

Discover this HUGE beautifully remodeled 5 bed 3 bath gem nestled in the heart of Surprise. As you pull up, you'll notice a 3 car garage with extra parking in front of a RV gate that has a gigantic concrete pad that extends to the back of the property. There, you'll find a HUGE covered patio, tastefully designed low maintenance yard and a gas stub for your future BBQ. As you step inside you'll be greeted by a great room that seamlessly connects to a beautifully updated kitchen, huge family room with surround sound and a bathroom and bedroom that would be perfect for a mother-in-law setup or office. Upstairs, you'll find an oversized loft perfect for family or game nights, HUGE master bedroom with a HUGE walk in closet, 3 other bedrooms with walk in closets and a bathroom Recent updates include new interior and exterior paint, new flooring, new quartz countertops, new baseboards, tile backsplash in the kitchen, ceiling fans, fixtures, etc.. With all the space and parking, this home would make a great multi-generation setup or a perfect Family forever home. Come take a look before it's gone!

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19930 N Hidden Ridge Drive Surprise, AZ 85374

$559,000

3 Beds

2 Baths

2,282 SqFt

Status Active Under Contract

MLS # 6764033

Property Type Single Family Residence

Price Type --

Beautiful Split 3 BR Stonecrest On Quiet Cul de Sac. w/No Neighbors Behind, SELLING TURNKEY PREFERRED. Courtyard Entry w/Pavers & Beveled Glass Door. Concrete Texture On Drive, Walks, & Patio. Vaulted Ceilings In Living/Dining. Windows Replaced w/Anderson Windows. Fans & Beautiful Light Fixtures. New Trane HVAC 2023. Whole House Water Filtration System. Kitch.w/Newer Appl.,Cherry Cabs. w/Pull-Outs, Granite, Instant Hot, Backsplash, & Cab.Lighting. Updated Guest Bath. Both Baths w/Toto Toilets. Large Cov,d. Patio ++Pagoda & Awesome Waterfall. Fencing On 3 Sides. Garage w/Attached Cabs.,Workbench, Sink & Textured Floor. Vacation Mailbox. This Home Is Quality & One Of The Best,''FOR SALE'', In ''THE GRAND.'' Leased Solar. 4 Golf Courses, Plus Amenities Galore! Come Join The Fun & Lifestyle.

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2663 W Kilarea Avenue Mesa, AZ 85202

$559,000

3 Beds

2 Baths

1,638 SqFt

Status Active

MLS # 6764485

Property Type Single Family Residence

Price Type --

Welcome to PRIME Dobson Ranch living! Nestled in one of Mesa's most desirable master-planned communities, this charming home offers the perfect balance of comfort and convenience. Step inside to be greeted by an open, sun-drenched layout, where natural light pours through every corner. The updated kitchen is a chef's oasis, featuring sleek white quartz countertops, stylish herringbone subway tile backsplash, modern cabinets, and stainless steel appliances. Newer wood floors flow throughout the home, providing a warm and inviting touch to go along with the newly painted to perfection interior walls and split master bedroom design. Relax in your private courtyard or take advantage of the oversized driveway and 2-car garage. The backyard is an entertainer's paradise with a sparkling diving pool, freshly refinished pool deck and a shaded pergola ideal for Arizona evenings. Dobson Ranch amenities include community pools, parks, pickleball courts, and so much more. With easy access to Hwy 101, Hwy 60, and just minutes from ASU, Tempe Town Lake, South Scottsdale, and the thriving Chandler tech corridor, you're never far from the best of the East Valley. This home is a rare find! Don't miss this opportunity - Come see your new home today!

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4702 E Laredo Lane Cave Creek, AZ 85331

Open House

$559,000

2 Beds

2 Baths

1,456 SqFt

Status Active

MLS # 6765456

Property Type Single Family Residence

Price Type --

Gorgeous home with a LARGE PRIVATE BACKYARD with MOUNTAIN VIEWS! Single Story 2 bedroom and OVERSIZED OFFICE/DEN. PERFECT FOR WORKING FROM HOME!! ***Space can be converted into a 3 bedroom plus a den*** Granite countertops and stainless steel appliances in kitchen. Travertine flooring in kitchen, dining, living and den areas. Bedrooms are carpeted. Plantation shutters throughout the home. Tranquil back yard with flagstone, built in BBQ, fire pit, waterfall and above ground spa, view fencing. Surround sound in great room/dining area and den. COME SEE IT BEFORE IT'S GONE!

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14823 W El Cortez Place Surprise, AZ 85387

$558,961

3 Beds

2.5 Baths

2,594 SqFt

Status Active

MLS # 6747471

Property Type Single Family Residence

Price Type --

Oxford plan with expected completion in November. Have toys? This home has a 4-car tandem garage. Professionally designed with quartz countertops, wood-look tile, light gray cabinets, etc. Located in beautiful Miravida surrounded by mountains and many neighborhood amenities like playgrounds, pickleball courts, and picnic areas.

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14189 W Sand Hills Road Surprise, AZ 85387

$558,688

3 Beds

2.5 Baths

2,226 SqFt

Status Active

MLS # 6758381

Property Type Single Family Residence

Price Type --

MLS#6758381 January Completion! The 50RM1 floorplan at Rancho Mercado combines functionality with elegance. Step into the foyer and discover an inviting open-concept design that effortlessly connects a spacious gathering room, dining area, and gourmet kitchen. The outdoor living area is perfect for al fresco dining and memorable family moments. The owner's suite, thoughtfully tucked away for privacy, features double vanities and a large walk-in closet, adding a touch of sophistication to this stunning home. Structural options include: alternate A/C Location.

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4008 E Cholla Canyon Drive Phoenix, AZ 85044

$558,500

4 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6732455

Property Type Single Family Residence

Price Type --

LOCATION LOCATION LOCATION! RIGHT OFF THE I10 AND LOOP 202, .THIS GORGEOUS HOUSE IS FULLY UPGRADED INCLUDING NEW PAINT, NEW CARPET AND TILE, NEW BLINDS, NEW CEILING FANS, NEW MIRRORS IN THE BATHROOM AND LIGHT FIXTURES, NEW BATH AND KITCHEN FAUCETS, NEW HARDWARE, NEW TOILETS, NEW APPLIANCES EXCEPT THE REFRIGERATOR WHICH IS ONE YEAR OLD, NEW A/C, NEW ROOF, ALL NEW LANDSCAPING WITH NEW IRRIGATION, NEW GARAGE DOOR AND THE LIST GOES ON!

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