Finance Product Details
METRO's Energy Efficiency Loan Program
Lender: METRO's Energy Efficiency Loan Program
Website:
http://www.sdmcu.org/home/loans/solar
Email: memberservices@sdmcu.org
Phone: (619) 297-4836
Email: memberservices@sdmcu.org
Phone: (619) 297-4836
Product Description
Metro's Energy Efficiency Loan Program offer low-interest loans for qualifying homeowners to finance energy efficiency projects on their property with no money down. The loan is offered by San Diego Metropolitan Community Credit Union.
Miscellaneous Information
A 3% one-time fee is charged to the contractor at the close of the loan.
Verified by Lender on: 9/1/2016 0
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Financing Type
Secured
Financing & Payment Information
Rate (APR):
5.99% - 8.99%
Term (years):
8, 10, 15, 20 years
Minimum Amount:
$1,000
Maximum Amount:
$30,000
Fees:
One-time fees
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 other energy projects
Energy efficient home improvements, including solar thermal water systems, and water conservation may be financed.
Funds other energy-related projects
Up to 20% of the total loan amount may go towards financing non-energy efficiency measures necessary to facilitate the completi
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate- Preliminary
Equity in Property Needed
No
Other Products By This Lender
Lender: San Diego Metropolitan Credit Union
Contact Email: memberservices@sdmcu.org
Contact Phone: (619) 297-4835