New Power Saver loan program for energy upgrades. Get more details at: Power Saver Loan.
- Below market interest rates
- Rate buy downs are available
- Loan amounts of $7,500 to $25,000
- May be combined with utility rebates
- 15 and 20 year terms
- LTV/CLTV up to 100% of property value
- Owner must have equity in the home
- Proof of income is required
- Minimum Credit Score 660 FICO
- External “drive-by” appraisals only
- Owner-occupied, Single family homes and HUD approved condos are eligible. No rentals or multi-unit buildings.
- Approved products include Weatherization, Insulation, HVAC, Ducts, Water heaters, Geothermal, Windows, Doors, Solar, Wind turbines
- Up to 25% of loan amount may be used for general home repairs that are not directly related to home energy improvements.
