energy efficient mortgage

Not sure by what you mean by "managed" but eem's are typically purchase loans made on a home that has an energy star certification. They allow borrowers to include the cost of energy-efficiency improvements to an existing home in the mortgage without increasing the down payment. You can read all about the program at http://www.energystar.gov/index.cfm?c=mortgages.energy_efficient_mortgages.

An EEM mortgage is nothing more than an escrow hold back to pay for energy improvements... so if you're buying a home for $100K, and you are doing $6K worth of EE improvements, you are borrowing $106K.. And the $6K is held back after closing until the lender receives contractor's bill's and can verify the improvements have been completed.. Then the funds are released.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

The OB needs to list more information.. There are Energy Star Mortgages (new construction). The OB talks about an existing loan.....(are we missing the boat???) ... My opinion - they want to purchase some energy efficient product and are looking to finance it. All of here know - once a loan closes, you cannot add to the balance (noting recapitalization sometimes happens in modification cases). The loan taken out is secured against the title, become a 2nd or 3rd lien (or 4th lien....) - depending on the situation. Because the purchase is Energy Efficient, qualify s for tax rebates... Answering the question - yes they are handled separately.