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FHA PowerSaver Home Energy Retrofit Loan Pilot Program

What is FHA Power Saver Home Energy Retrofit Loan Pilot Program?

A new pilot program was executed in fiscal year 2011, which provides borrowers low-cost loans to make energy-saving enhancements to their houses. Sponsored by the Federal Housing Administration (FHA), these new FHA PowerSaver loans provide homeowners up to $25,000 to make energy-efficient enhancements of their choice, consisting of the installation of insulation, duct sealing, doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems.

PowerSaver was started as a nationwide two-year pilot program, in 2011. FHA has chosen creditors to partake in the program, who are supposed to target market regions that have already taken solid measures to develop home energy enhancements, such as teaching consumers about the benefits of home energy enhancements and guaranteeing qualified contractors are obtainable to do the work. FHA predicts that the participating creditors have started providing PowerSaver loans from the last quarter of 2011.

Who is eligible for this program?

PowerSaver loans are accessible to homeowners who wish to make energy enhancements to their home, and will be eligible for the loan. Fundamental loan prerequisites consist of the following:

Minimum credit score: 660

Maximum total debt to income ratio: 45 percent (monthly income divided by monthly debt payments)

Maximum combined loan-to-value (market value of the house divided by first mortgage loan balance and PowerSaver): 100 percent (Note: this prerequisite is not applicable in particular conditions).

Property type: One- unit, owner-occupied, main residence properties only. Appraisal conditions: Exterior-only inspection residential evaluation or other FHA approved method of property appraisal.

PowerSaver assures a lien positioned in first place, or second place, and also assures loans without a lien, as long as the loan amount is below $7,500.

Loan Terms

Not applicable

How to apply?

To get an FHA PowerSaver loan, get in touch with an FHA-approved creditor who is taking part in this pilot program:

Program Contact Information

To learn more about this program, visit:

To contact a HUD Housing Counseling agency, visit:

To get in touch with the Federal Housing Administration (FHA), please make use of one of the following methods: Visit them at:

Write to them at:
U.S. Department of Housing and Urban Development
Federal Housing Administration
451 Seventh St., SW
Washington, D.C. 20410

Call them at:
1-800-CALL-FHA (1-800-225-5342) or
via Federal Information Relay Service (w/TTY): 1-800-877-8339

Email them at:
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