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Don't Move, Improve
Don't Move, Improve
Lender:
Neighborhood Housing Services of Los Angeles County
Contact Information
Property Types
Program 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 throughout California. 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 throughout California. 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 throughout California. 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 throughout California. 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 throughout California. 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 throughout California. 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 throughout California. Up to 30% of the loan can be used to pay for other home improvements, such as water-saving projects and remodeling.
Verified by Lender on: 11/7/2016
Types of Financing
Financing & Payment Information
Term (years):
1 - 5
Minimum Amount:
$2,500
Maximum Amount:
$50,000
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 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
Within 24 hours - Preliminary
Equity in Property Needed
No
Financial Products
Lien type | Unsecured loan | Unsecured loan |
Re-Payment Method | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) |
Property Types | ||
Automatic payment option available | Yes | Yes |
Requires utility incentive program participation | No | No |
Must use Program's pre-approved contractors | Yes | Yes |
One-time fees (% of total financing) | ||
One-time fees (fixed) | ||
Ongoing fees | ||
Financing Amount | $2,500 - $50,000 | $2,500 - $50,000 |
Financing Term (yrs.) | 1 - 5 year(s) | 1 - 5 year(s) |
Rate | 5.5 - 5.5% | 4.5 - 4.5% |
Money Down Required? | No | No |
Credit Enhancement Available | Yes - Other | Yes - Other |
Transferrable | No | No |
Prepayment Penalty or Fee | No | No |
Tax Deductibility | No | No |
Minimum Credit Score Required | ||
Equity in Property Required | No | No |
Debt to Income Ratio Required | Yes | Yes |
Involuntary Property Liens Allowed | Yes | Yes |
Foreclosures Allowed | ||
Bankruptcies Allowed | ||
Mortgage Lender Consent/ Acknowledgement | No | No |
Must be current on property taxes | No | No |
Must be current on mortgage | No | No |
Loan to value | ||
Debt Service Coverage Ratio | No | No |
Financing Approval Time | Within 24 hours - Preliminary | Within 24 hours - Preliminary |
Projected Energy Savings/Cash Flow is considered | No | No |
Must be current on utility bill | No | No |
Lien type | Unsecured loan | Unsecured loan |
Re-Payment Method | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) |
Property Types | ||
Automatic payment option available | Yes | Yes |
Requires utility incentive program participation | No | No |
Must use Program's pre-approved contractors | Yes | Yes |
One-time fees (% of total financing) | ||
One-time fees (fixed) | ||
Ongoing fees | ||
Financing Amount | $2,500 - $50,000 | $2,500 - $50,000 |
Financing Term (yrs.) | 1 - 5 year(s) | 1 - 5 year(s) |
Rate | 6.5 - 6.5% | 7.5 - 7.5% |
Money Down Required? | No | No |
Credit Enhancement Available | Yes - Other | Yes - Other |
Transferrable | No | No |
Prepayment Penalty or Fee | No | No |
Tax Deductibility | No | No |
Minimum Credit Score Required | ||
Equity in Property Required | No | No |
Debt to Income Ratio Required | Yes | Yes |
Involuntary Property Liens Allowed | Yes | Yes |
Foreclosures Allowed | ||
Bankruptcies Allowed | ||
Mortgage Lender Consent/ Acknowledgement | No | No |
Must be current on property taxes | No | No |
Must be current on mortgage | No | No |
Loan to value | ||
Debt Service Coverage Ratio | No | No |
Financing Approval Time | Within 24 hours - Preliminary | Within 24 hours - Preliminary |
Projected Energy Savings/Cash Flow is considered | No | No |
Must be current on utility bill | No | No |
Upgrades Covered
No Results
FAQ's
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