Unsecured
Finance Vendor Details
Residential Energy Efficiency Loan (REEL) by California Coast
Lender:
California Coast Credit Union
Contact Information
Property Types
Program Description
The Residential Energy Efficiency Loan (REEL) is offered through California Coast 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 California Coast 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 California Coast 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: 7/11/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
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
Funds other energy-related projects
Funds other non-energy projects
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) | No | No |
| One-time fees (fixed) | No | No |
| Ongoing fees | 0 | No |
| Financing Amount | $2,500 - $50,000 | $2,500 - $50,000 |
| Financing Term (yrs.) | 1 - 5 year(s) | 1 - 5 year(s) |
| Rate | 7.88 - 7.88% | 6.38 - 7.88% |
| 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 | Yes: 600 | Yes: 600 |
| Equity in Property Required | No | No |
| Debt to Income Ratio Required | Yes | Yes |
| Involuntary Property Liens Allowed | Yes | Yes |
| Foreclosures Allowed | Yes: Yes (occurred more than 7 years ago) | Yes: Yes (occurred more than 7 years ago) |
| Bankruptcies Allowed | Yes: Yes (occurred more than 7 years ago) | Yes: Yes (occurred more than 7 years ago) |
| Mortgage Lender Consent/ Acknowledgement | No | No |
| Must be current on property taxes | No | No |
| Must be current on mortgage | No | No |
| Loan to value | Yes: 0% | Yes: 0% |
| 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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