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Matadors Solar Loan Program
Matadors Solar Loan Program
Lender:
Matadors Community Credit Union
Contact Information
Property Types
Program Description
The Green Loan Fund offered by the Jewish Free Loan Association provides no-interest, no-fee loans of up to $5,000 for environmental upgrades for residences. Loans are available to Los Angeles and Ventura County residents of all faiths and can fund improvements such as EnergyStar appliances, insulation, drip irrigation and energy efficient windows to name a few.
Verified by Lender on: 09/01/2016
Types of Financing
Financing & Payment Information
Term (years):
3
Minimum Amount:
$1
Maximum Amount:
$5,000
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 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.
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No
Financial Products
| Lien type | Unsecured loan |
| Re-Payment Method | Off-bill loan (Direct to Lender) |
| Property Types | |
| Automatic payment option available | Yes |
| Requires utility incentive program participation | No |
| Must use Program's pre-approved contractors | No |
| One-time fees (% of total financing) | No |
| One-time fees (fixed) | No |
| Ongoing fees | No |
| Financing Amount | $1 - $5,000 |
| Financing Term (yrs.) | 3 year(s) |
| Rate | 0% |
| Money Down Required? | No |
| Credit Enhancement Available | None |
| Transferrable | No |
| Prepayment Penalty or Fee | No |
| Tax Deductibility | No |
| Minimum Credit Score Required | No |
| Equity in Property Required | No |
| Debt to Income Ratio Required | No |
| Involuntary Property Liens Allowed | No |
| Foreclosures Allowed | Yes: More than 1 year ago |
| Bankruptcies Allowed | Yes: More than 1 year ago |
| Mortgage Lender Consent/ Acknowledgement | No |
| Must be current on property taxes | No |
| Must be current on mortgage | Yes |
| Loan to value | No |
| Debt Service Coverage Ratio | No |
| Financing Approval Time | more than 48 hours |
| Projected Energy Savings/Cash Flow is considered | No |
| Must be current on utility bill | No |
Upgrades Covered
No Results
FAQ's
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