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Bank of the West
Bank of the West
Lender:
Matadors Community Credit Union
Contact Information
Property Types
Program Description
First product for energy efficiency programs
First product for energy efficiency programs
First product for energy efficiency programs. Offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive incentives and/or rebates.
First product for energy efficiency programs. Offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive incentives and/or rebates.
First product for energy efficiency programs
First product for energy efficiency programs. Offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive incentives and/or rebates.
First product for energy efficiency programs. Offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive incentives and/or rebates.
Verified by Lender on: 01/05/2021
Types of Financing
Financing & Payment Information
Term (years):
25
Minimum Amount:
$1
Maximum Amount:
$25,000
Fees:
Yes
Money Down Required:
Yes
Repayment Method:
Unknown/Property Taxes (PACE)
Payment Frequency:
Bimonthly
Pre-Payment Penalty:
Yes
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects - For example, some financing may be primarily for energy efficiency projects; however, it may allow 30% of the financing to fund other water efficiency or renewable projects.
Funds other energy-related projects - For example, some financing may also allow funding for projects in relation to installing the approved product, such as mold or asbestos remediation.
Funds other non-energy projects - Some financing may allow funding for non-energy projects, such as a kitchen or bath remodel, or seismic upgrades.
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate- Preliminary / Immediate
Equity in Property Needed
No
Financial Products
| Lien type | Secured loan |
| Re-Payment Method | Unknown |
| Property Types | |
| Automatic payment option available | Yes |
| Requires utility incentive program participation | Yes |
| Must use Program's pre-approved contractors | Yes |
| One-time fees (% of total financing) | 3.22 |
| One-time fees (fixed) | 22.22 |
| Ongoing fees | 3.33 |
| Financing Amount | $1 - $25,000 |
| Financing Term (yrs.) | 25 year(s) |
| Rate | 6.99% |
| Money Down Required? | Yes |
| Credit Enhancement Available | Insurance,Lower APR,Lower FICO,Fees,Other |
| Risk Mitigation | Insurance,Debt Service Reserve,Loan Loss Reserve,Statewide PACE Loss Reserve,Utility Shutoff,Other |
| Transferrable | Yes |
| Prepayment Penalty or Fee | Yes |
| Tax Deductibility | Yes |
| Minimum Credit Score Required | Yes: 200 |
| Equity in Property Required | Yes |
| Debt to Income Ratio Required | Yes |
| Involuntary Property Liens Allowed | Yes |
| Foreclosures Allowed | Yes: Any Time |
| Bankruptcies Allowed | Yes: Any Time |
| Mortgage Lender Consent/ Acknowledgement | Yes |
| Must be current on property taxes | Yes |
| Must be current on mortgage | Yes |
| Loan to value | Yes: 10% |
| Debt Service Coverage Ratio | Yes: 11 |
| Financing Approval Time | Immediate- Preliminary |
| Projected Energy Savings/Cash Flow is considered | Yes |
| Must be current on utility bill | Yes |
| Lien type | Secured loan |
| Re-Payment Method | Property Taxes (PACE) |
| Property Types | |
| Automatic payment option available | Yes |
| Requires utility incentive program participation | Yes |
| Must use Program's pre-approved contractors | Yes |
| One-time fees (% of total financing) | 3.22 |
| One-time fees (fixed) | 22.22 |
| Ongoing fees | 3.33 |
| Financing Amount | $1 - $25,000 |
| Financing Term (yrs.) | 25 year(s) |
| Rate | 6.99% |
| Money Down Required? | Yes |
| Credit Enhancement Available | Insurance,Lower APR,Lower FICO,Fees,Other |
| Risk Mitigation | Insurance,Debt Service Reserve,Loan Loss Reserve,Statewide PACE Loss Reserve,Utility Shutoff,Other |
| Transferrable | Yes |
| Prepayment Penalty or Fee | Yes |
| Tax Deductibility | No |
| Minimum Credit Score Required | Yes: 200 |
| Equity in Property Required | Yes |
| Debt to Income Ratio Required | Yes |
| Involuntary Property Liens Allowed | Yes |
| Foreclosures Allowed | Yes: Any Time |
| Bankruptcies Allowed | Yes: Any Time |
| Mortgage Lender Consent/ Acknowledgement | Yes |
| Must be current on property taxes | Yes |
| Must be current on mortgage | Yes |
| Loan to value | Yes: 10% |
| Debt Service Coverage Ratio | Yes: 11 |
| Financing Approval Time | Immediate |
| Projected Energy Savings/Cash Flow is considered | Unknown |
| Must be current on utility bill | Unknown |
| Lien type | Secured loan |
| Re-Payment Method | Unknown |
| Property Types | |
| Automatic payment option available | Yes |
| Requires utility incentive program participation | Yes |
| Must use Program's pre-approved contractors | Yes |
| One-time fees (% of total financing) | 3.22 |
| One-time fees (fixed) | 22.22 |
| Ongoing fees | 3.33 |
| Financing Amount | $1 - $25,000 |
| Financing Term (yrs.) | 25 year(s) |
| Rate | 6.99% |
| Money Down Required? | Yes |
| Credit Enhancement Available | Insurance,Lower APR,Lower FICO,Fees,Other |
| Risk Mitigation | Insurance,Debt Service Reserve,Loan Loss Reserve,Statewide PACE Loss Reserve,Utility Shutoff,Other |
| Transferrable | Yes |
| Prepayment Penalty or Fee | Yes |
| Tax Deductibility | Yes |
| Minimum Credit Score Required | Yes: 200 |
| Equity in Property Required | Yes |
| Debt to Income Ratio Required | Yes |
| Involuntary Property Liens Allowed | Yes |
| Foreclosures Allowed | Yes: Any Time |
| Bankruptcies Allowed | Yes: Any Time |
| Mortgage Lender Consent/ Acknowledgement | Yes |
| Must be current on property taxes | Yes |
| Must be current on mortgage | Yes |
| Loan to value | Yes: 10% |
| Debt Service Coverage Ratio | Yes: 11 |
| Financing Approval Time | Immediate- Preliminary |
| Projected Energy Savings/Cash Flow is considered | Yes |
| Must be current on utility bill | Yes |
| Lien type | Secured loan |
| Re-Payment Method | Unknown |
| Property Types | |
| Automatic payment option available | Yes |
| Requires utility incentive program participation | Yes |
| Must use Program's pre-approved contractors | Yes |
| One-time fees (% of total financing) | 3.22 |
| One-time fees (fixed) | 22.22 |
| Ongoing fees | 3.33 |
| Financing Amount | $1 - $25,000 |
| Financing Term (yrs.) | 25 year(s) |
| Rate | 6.99% |
| Money Down Required? | Yes |
| Credit Enhancement Available | Insurance,Lower APR,Lower FICO,Fees,Other |
| Risk Mitigation | Insurance,Debt Service Reserve,Loan Loss Reserve,Statewide PACE Loss Reserve,Utility Shutoff,Other |
| Transferrable | Yes |
| Prepayment Penalty or Fee | Yes |
| Tax Deductibility | Yes |
| Minimum Credit Score Required | Yes: 200 |
| Equity in Property Required | Yes |
| Debt to Income Ratio Required | Yes |
| Involuntary Property Liens Allowed | Yes |
| Foreclosures Allowed | Yes: Any Time |
| Bankruptcies Allowed | Yes: Any Time |
| Mortgage Lender Consent/ Acknowledgement | Yes |
| Must be current on property taxes | Yes |
| Must be current on mortgage | Yes |
| Loan to value | Yes: 10% |
| Debt Service Coverage Ratio | Yes: 11 |
| Financing Approval Time | Immediate- Preliminary |
| Projected Energy Savings/Cash Flow is considered | Yes |
| Must be current on utility bill | Yes |
Upgrades Covered
No Results
FAQ's
Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.