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Loan Modification

: Mortgage Lender Implode-o-Meter

HUD's PowerSaver Program to Offer Financing for Energy-Saving Home Improvements

By Implode-Explode Heavy Industries

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"U.S. Vice President Joe Biden and U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan have announced a new pilot program that will offer creditworthy borrowers low-cost loans to make energy-saving improvements to their homes. Backed by the Federal Housing Administration (FHA), these new FHA PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems."

Full post as published by Mortgage Lender Implode-o-Meter on November 10, 2010 (boomark / email).

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