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I am seeking a EEM {203k) however local banks hae no idea what an EEM is????

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July 31 2011 - Houston
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Its time to check out some of the national FHA lenders.
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July 31 2011
Are you exceeding the FHA county Loan limits?  If not I don't see the point of the EEM.
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July 31 2011
I would recommend locating a local mortgage broker. Brokers have access to multiple lenders and should have a few that do EEMs.
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July 31 2011
To the best of my knowledge the only advantage to an EEM with a 203K loan is the ability to exceed the county loan limit.  Before you spend all this time looking for someone to do an eem.  It would make sense to make sure you need it.
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August 01 2011
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Find another lender [Promotional content removed by Zillow moderator. Please see our Good Neighbor Policy for more information.]
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August 01 2011
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Andrew, I'm a HERS Energy Rater and perform testing that's required for the EEM. I am also a 203K Consultant. The borrower is asking (via the long list of ? marks) whether or not the lender knows his/her product. If they're offering info about the 203K and don't know EEM language, Get Another Lender. Lack of product knowledge is the worse flaw a lender can offer and hanging out with one while they learn the ropes is not a smart move. As far as my last comment being seen as spam, that's a product of one forum limiting the growth of another. Pure and simple. It has nothing to do with my spamming. I offered the link to a site 203K and EEM professionals frequent. If Zillow wants to limit reader knowledge/info to their group that a business decision on their part.  
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August 01 2011
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HUD has an EEM guide here including finance examples. It also explains how to combine a 203K and an EEM. 
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August 01 2011
@andrew adams
They probably want to finance energy improvements into the home.
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August 01 2011
 
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