Unsecured
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PowerSaver First Mortgage Loan
PowerSaver First Mortgage Loan
Lender:
U.S. Dept. of Housing & Urban Development & the Federal Housing Administration
Contact Information
Property Types
Program Description
Redwood Credit Union's Solar Signature Loan provides unsecured financing up to $5,000 for the purchase and installation of solar panels on owner-occupied homes.
Redwood Credit Union's Solar Signature Loan provides unsecured financing up to $50,000 for the purchase and installation of solar panels on owner-occupied homes.
Redwood Credit Union's Solar Signature Loan provides unsecured financing up to $10,000 for the purchase and installation of solar panels on owner-occupied homes.
Redwood Credit Union's Solar Signature Loan provides unsecured financing up to $50,000 for the purchase and installation of solar panels on owner-occupied homes.
Redwood Credit Union's Solar Signature Loan provides unsecured financing up to $10,000 for the purchase and installation of solar panels on owner-occupied homes.
Types of Financing
Financing & Payment Information
Term (years):
1
Minimum Amount:
$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 Renewable Energy projects
Other Program Requirements
Financing Approval Time
Equity in Property Needed
No
Financial Products
| Lien type | Unsecured loan | Unsecured loan | Unsecured loan |
| Re-Payment Method | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) |
| Automatic payment option available | Yes | Yes | Yes |
| Requires utility incentive program participation | No | No | No |
| Must use Program's pre-approved contractors | No | No | No |
| One-time fees (% of total financing) | |||
| One-time fees (fixed) | |||
| Ongoing fees | |||
| Financing Amount | $500 - $5,000 | $5,000 - $10,000 | $10,000 - $50,000 |
| Financing Term (yrs.) | 1 year(s) | 1 year(s) | 1 year(s) |
| Rate | 0% | 0% | 0% |
| Money Down Required? | |||
| Credit Enhancement Available | |||
| Transferrable | No | No | No |
| Prepayment Penalty or Fee | |||
| Tax Deductibility | No | No | No |
| Minimum Credit Score Required | |||
| Equity in Property Required | No | No | No |
| Debt to Income Ratio Required | Yes | Yes | Yes |
| Involuntary Property Liens Allowed | Yes | Yes | Yes |
| Foreclosures Allowed | |||
| Bankruptcies Allowed | |||
| Mortgage Lender Consent/ Acknowledgement | No | No | No |
| Must be current on property taxes | No | No | No |
| Must be current on mortgage | No | No | No |
| Loan to value | |||
| Debt Service Coverage Ratio | No | No | No |
| Financing Approval Time | |||
| Projected Energy Savings/Cash Flow is considered | No | No | No |
| Must be current on utility bill | No | No | No |
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.