Are there any energy-efficient mortgage programs in Alaska?

@jeanie Energy-efficient mortgage (EEM) programs are designed to help homebuyers finance energy-efficient improvements into their home purchase or refinance loans. These programs encourage energy-efficient upgrades by offering financial incentives or allowing higher qualifying ratios, which may result in larger loan amounts.

In Alaska, various programs and initiatives might support energy-efficient mortgages or energy-efficient improvements:

1. FHA Energy Efficient Mortgage Program (EEM): FHA offers EEMs that allow borrowers to finance energy-efficient improvements into their FHA-insured mortgage. These improvements can include energy-saving upgrades like solar panels, insulation, efficient HVAC systems, etc.
2. VA Energy-Efficient Mortgage: The VA offers similar opportunities to finance energy-efficient improvements for eligible veterans through VA home loans.
3. Alaska Housing Finance Corporation (AHFC): AHFC may offer specific programs or incentives related to energy-efficient homes or improvements. They provide various loan programs and initiatives aimed at homeownership, including potential incentives for energy-efficient upgrades.
4. Local Utility Rebates or Incentives: Utility companies in Alaska might offer rebates, incentives, or programs for energy-efficient upgrades. These incentives could help offset the cost of improvements and make them more financially viable.
5. Federal and State Programs: Check for federal and state-level programs promoting energy efficiency that might indirectly impact mortgage financing. These programs could provide tax credits, grants, or low-interest loans for energy-efficient improvements.

It's important to research and inquire with lenders, the Alaska Housing Finance Corporation, local utilities, and relevant government agencies to determine the availability of energy-efficient mortgage programs in Alaska. Each program may have specific eligibility criteria, requirements, and limitations, so understanding the details and qualifications is crucial when considering financing energy-efficient improvements through mortgage programs