The California Housing Finance Agency (CHFA), which provides low-interest mortgage loans to first-time low- and moderate-income home buyers, has streamlined its application process for the CHFA/FHA Energy Efficient Mortgage Program.
The program allows home buyers to finance the cost of adding energy-efficiency features to their home as part of an FHA-insured mortgage. Energy-efficiency features help home buyers save money on utility bills.
"A number of home improvements can make a significant impact on the amount of electricity used in California," said Clark Wallace, chairman of CHFA's board of directors.
"Unfortunately, many low- and moderate-income first-time buyers are unaware of the low-cost resources available that would allow them to make these types of improvements at the time when they purchase their homes," he said.