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Residential Energy Efficiency Loan (REEL) by Desert Valleys Federal Credit Union
Lender: Residential Energy Efficiency Loan (REEL) by Desert Valleys Federal Credit Union
Website: www.desertvalleys.org
Email: info@desertvalleys.org
Phone: (866) 743-6480
Product Description
The Residential Energy Efficiency Loan (REEL) is offered through Desert Valleys Federal Credit Union, a CHEEF Participating Lender. It offers financing to pay for eligible energy efficiency projects to qualified single-family and 1-4 unit residential customers in portions of Kern (Boron, California City, Kernville, Lake Isabella, Ridgecrest), San Bernardino (Trona) and Inyo (Big Pine, Bishop, Independence, Lone Pine) counties. Up to 30% of the loan can be used to pay for other home improvements, such as water-saving projects and remodeling.
Miscellaneous Information
The property must receive gas and/or electric service from Pacific Gas and Electric, Southern California Gas or Southern California Edison. Tenants may apply with the property owner's permission.

Loan may finance single measures or multiple measures. Solar may be financed through a separate loan. Contact lender for details.
Verified by Lender on: 8/14/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
CHEEF
Financing Type
Unsecured
Financing & Payment Information
Rate (APR):
4.5% - 6.5%
Term (years):
1 - 10 years
Minimum Amount:
$2,500
Maximum Amount:
$50,000
Fees:
None
Down Pmt. Required:
No
Re-pmt. Method:
Off-bill loan (Direct to Lender)
Pmt Frequency:
Monthly
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Demand Response projects
Funds other energy projects
30% of the loan may finance other home improvements, including water efficiency and demand response projects. Solar may not be
Funds other energy-related projects
Alterations necessary to complete the energy efficient project may be included.
Funds other non-energy projects
30% of the loan may finance other home improvements, including water efficiency and demand response projects.
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Within 24 hours - Preliminary
Equity in Property Needed
No

Other Variations of this product

Residential Energy Efficiency Loan (REEL) by Desert Valleys Federal Credit Union

Property Types
Sponsor CHEEFCHEEF
Financing Type Unsecured loanUnsecured loan
Term (years) 1 - 5 year(s),  6 - 10 year(s),  11 - 15 year(s) year(s)1 - 5 year(s),  6 - 10 year(s),  11 - 15 year(s) year(s)
Rate (APR) 7.5% - 8.5%6.5% - 8.5%
Min. Amount $2,500$2,500
Max. Amount $50,000$50,000
One-time Fees NoNo
Ongoing Fees NoNo
Description The Residential Energy Efficiency Loan (REEL) is offered through Desert Valleys Federal Credit Union, a CHEEF Participating Lender. It offers financing to pay for eligible energy efficiency projects to qualified single-family and 1-4 unit residential customers in portions of Kern (Boron, California City, Kernville, Lake Isabella, Ridgecrest), San Bernardino (Trona) and Inyo (Big Pine, Bishop, Independence, Lone Pine) counties. Up to 30% of the loan can be used to pay for other home improvements, such as water-saving projects and remodeling.The Residential Energy Efficiency Loan (REEL) is offered through Desert Valleys Federal Credit Union, a CHEEF Participating Lender. It offers financing to pay for eligible energy efficiency projects to qualified single-family and 1-4 unit residential customers in portions of Kern (Boron, California City, Kernville, Lake Isabella, Ridgecrest), San Bernardino (Trona) and Inyo (Big Pine, Bishop, Independence, Lone Pine) counties. Up to 30% of the loan can be used to pay for other home improvements, such as water-saving projects and remodeling.

Other Products By This Lender

Lender: Desert Valleys Federal Credit Union

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