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Finance Vendor Details

The Energy Loan Program
Lender: Valley Oak Credit Union
Contact Information
Property Types
Program Description
The Energy Loan Program is offered through Valley Oak Credit Union, a CHEEF Participating Lender. It offers an unsecured loan to pay for eligible energy efficiency projects for qualified single-family residential customers in Tulare and Madera Counties. Up to 30% of the loan can be used to pay for other, non-energy efficiency home improvements, such as water-saving projects and remodeling!
The Energy Loan Program is offered through Valley Oak Credit Union, a CHEEF Participating Lender. It offers an unsecured loan to pay for eligible energy efficiency projects for qualified single-family residential customers in Tulare and Madera Counties. Up to 30% of the loan can be used to pay for other, non-energy efficiency home improvements, such as water-saving projects and remodeling!
The Energy Loan Program is offered through Valley Oak Credit Union, a CHEEF Participating Lender. It offers an unsecured loan to pay for eligible energy efficiency projects for qualified single-family residential customers in Tulare and Madera Counties. Up to 30% of the loan can be used to pay for other, non-energy efficiency home improvements, such as water-saving projects and remodeling!
Verified by Lender on: 3/16/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Unsecured
Financing & Payment Information
Term (years):
1 - 15
Minimum Amount:
$1,500
Maximum Amount:
$50,000
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds other energy projects
Funds other energy-related projects
Funds other non-energy projects
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Within 24 hours - Preliminary
Equity in Property Needed
No

Financial Products

Lien type Unsecured loanUnsecured loanUnsecured loan
Re-Payment Method Off-bill loan (Direct to Lender)Off-bill loan (Direct to Lender)Off-bill loan (Direct to Lender)
Property Types
Automatic payment option available YesYesYes
Requires utility incentive program participation NoNoNo
Must use Program's pre-approved contractors YesYesYes
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $1,500 - $50,000$10,000 - $50,000$25,000 - $50,000
Financing Term (yrs.) 1 - 5 year(s)6 - 10 year(s)11 - 15 year(s)
Rate 7.45 - 9.95%7.45 - 9.95%7.45 - 9.95%
Money Down Required? NoNoNo
Credit Enhancement Available Yes - Fees,Yes - Lower APR,Yes - OtherYes - Fees,Yes - Lower APR,Yes - OtherYes - Fees,Yes - Lower APR,Yes - Other
Transferrable NoNoNo
Prepayment Penalty or Fee NoNoNo
Tax Deductibility NoNoNo
Minimum Credit Score Required
Equity in Property Required NoNoNo
Debt to Income Ratio Required YesYesYes
Involuntary Property Liens Allowed NoNoNo
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement NoNoNo
Must be current on property taxes NoNoNo
Must be current on mortgage NoNoNo
Loan to value
Debt Service Coverage Ratio Yes: 0Yes: 0Yes: 0
Financing Approval Time Within 24 hours - PreliminaryWithin 24 hours - PreliminaryWithin 24 hours - Preliminary
Projected Energy Savings/Cash Flow is considered YesYesYes
Must be current on utility bill NoNoNo

Upgrades Covered

No Results

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