All Forum Posts by: James Samsing

This would be for the buyer of a property I am flipping (100+ day hold time so FHA eligible). As the seller I would pay for the energy audit, do the analysis on the work to be done (cost vs savings) and then market the home with a prepackaged improvement contract that would meet lender guidelines (solar, EE windows, etc). 45 day close to allow for enough time to do loan and obtain permits, occupancy COE+2. Buyer closes on Thursday, work is completed on Friday, buyer moves in Saturday. If it works it would eliminate most appraisal gap concerns and I would earn extra margin on the post-closing repairs. I am only interested in working with a lender who has closed these loans and knows the guidelines/overlays. I don't want to go through this process only to be denied 30 days into an escrow period because the lender missed something. This would be a nice win for the lender since I would mandate prequals on the properties. 

Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage? Interested in flipping a home that would qualify based on HERS rating + energy savings and would like to partner with a lender to market the property as eligible for EEM. But its seems like these products are imaginary programs that people have heard of but nobody has actually done one.

Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage? Interested in flipping a home that would qualify based on HERS rating + energy savings and would like to partner with a lender to market the property as eligible for EEM. But its seems like these products are imaginary programs that people have heard of but nobody has actually done one.