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Finance Vendor Details

Green Home Improvement Loan
Lender: Burbank City Federal Credit Union
Contact Information
Website: www.burbankcity.org
Phone: (818) 846-1710 E
Email: consumerlending@burbankcity.org
Property Types
Program Description
The Green Home Improvement Loan by Burbank City Federal Credit Union provides low-interest, fixed-rate secured loans for eligible single-family homeowners to upgrade their primary residences.
The Green Home Improvement Loan by Burbank City Federal Credit Union provides low-interest, fixed-rate secured loans for eligible single-family homeowners to upgrade their primary residences.
The Green Home Improvement Loan by Burbank City Federal Credit Union provides low-interest, fixed-rate secured loans for eligible single-family homeowners to upgrade their primary residences.
The Green Home Improvement Loan by Burbank City Federal Credit Union provides low-interest, fixed-rate secured loans for eligible single-family homeowners to upgrade their primary residences.
Verified by Lender on: 10/20/2015
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Secured
Financing & Payment Information
Term (years):
5, 6, 7, 8
Minimum Amount:
$1
Maximum Amount:
$40,000
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 Water Efficiency projects
Funds Renewable Energy projects
Funds other energy projects
Other Program Requirements
Financing Approval Time
24-48 hours
Equity in Property Needed
No

Financial Products

Lien type Secured loanSecured loanSecured loanSecured loan
Re-Payment Method Off-bill loan (Direct to Lender)Off-bill loan (Direct to Lender)Off-bill loan (Direct to Lender)Off-bill loan (Direct to Lender)
Property Types
Automatic payment option available YesYesYesYes
Requires utility incentive program participation NoNoNoNo
Must use Program's pre-approved contractors NoNoNoNo
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $1 - $5,000$5,001 - $10,000$10,001 - $25,000$25,001 - $40,000
Financing Term (yrs.) 5 year(s)6 year(s)7 year(s)8 year(s)
Rate 2.5%2.75%3%3.75%
Money Down Required? NoNoNoNo
Credit Enhancement Available NoNoNoNo
Transferrable NoNoNoNo
Prepayment Penalty or Fee NoNoNoNo
Tax Deductibility MaybeMaybeMaybeMaybe
Minimum Credit Score Required
Equity in Property Required YesYesYesYes
Debt to Income Ratio Required YesYesYesYes
Involuntary Property Liens Allowed NoNoNoNo
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement NoNoNoNo
Must be current on property taxes YesYesYesYes
Must be current on mortgage YesYesYesYes
Loan to value
Debt Service Coverage Ratio NoNoNoNo
Financing Approval Time 24-48 hours24-48 hours24-48 hours24-48 hours
Projected Energy Savings/Cash Flow is considered NoNoNoNo
Must be current on utility bill NoNoNoNo

Upgrades Covered

No Results

FAQ's

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