You Can Roll Efficiency Improvement Costs into Your VA Loan

Are You a Veteran buying your first home, and it was built before 2002? Check this out...

-Editor

The VA allows VA borrowers to borrow additional funds to install Energy Efficient Upgrades to the home simultaneously when purchasing a new home with a VA Loan or Refinancing an existing loan. The VA Energy Efficient Upgrade program is available to all Veterans and all qualified VA Service Members.

It's purpose is to provide funds that otherwise would not be available to retrofit existing homes and/or construction of a new home with the most up to date energy efficient, cost saving features.

There are specific VA guidelines for utilizing this program and the funds can only be used for installation of certain and specified energy efficient upgrades. The following is a list of some of the features that can be installed as outlined by the VA. In addition to this list, there may be other eligible energy efficient upgrades items that must be approved by the VA Lender and the VA:

  • Solar Panels
  • Energy efficient heating and cooling systems
  • Energy efficient water heater
  • Insulation
  • Weather stripping and caulking windows and doors
  • Storm doors and windows

The Whole Story from the Veterans Administration Loan Information Center

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