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Financing

Financing

The EE marketplace has recognized the need for attractive low-interest financing to lower the overall costs to implement EE improvements. Low-interest financing allows affordable monthly payments while enjoying all the benefits now. Some financing has lower fico score qualifications.

Approx. Monthly Pymt for $10,000 Lender / Loan Program Interest * Loan Limit Pymt Term Years Doc Income Appraisal Required Max Loan to Value Min FICO

Unsecured Financing

$125

GeoSmart

With buy dwn

7.99%

25,000

10

Stated

No

n/a

$155

Fannie Energy

13.99%

20,000

10/12

Stated

No

n/a

$95

San Diego Credit Union

7.99%

25,000

15 EE

Full

No

n/a

650

$106

SDMCU

4.99% +

25,000

5-15

Full

No

n/a

620

Secured Lien

$54

Conventional
Cash-out

5%

40,000

30

Full

Yes

80%

$41

EEM

3.75%

5% of
Appraisal

30

Full

Yes

96.5%

$41

203K
Rehab

3.75%

35,000

Or more

30

Full

Yes

96.5%

$96

PowerSaver

8%

25,000

15

Full

Yes
& Eng audit

100%

660

$69

CHF
Loans

3%

None

15

Full

No

n/a

n/a

$83

City of
CV

0%

20,000

10

No

No

100%

203K Loans

This loan is unique in that it allows you to incorporate a construction loan with a home loan for purchase or for refinance. The most attractive benefit is utilizing the home’s low-interest rates for the construction loan amount. EE improvements can be included with the construction loan. This would still qualify for rebates and other incentives.

This is an ideal loan program for buying distressed or outdated properties and making improvements to your individual remodeling tastes and new trends.

San Diego Metropolitan Credit Union (SDMCU)

SDMCU has a full portfolio of loans specific for EE improvements. The portfolio offers options with low FICO score, addition of standard home improvements and renewables including solar photo voltaic.

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