Unsecured
Finance Vendor Details
emPower Central Coast
Lender:
Ventura County Credit Union
Contact Information
Property Types
Program Description
The EmPower Home Upgrade Loan was created in partnership with Ventura County Credit Union to offer qualifying Santa Barbara County homeowners access to loans to finance energy efficiency and solar projects with low interest rates and no closing costs or fees.
The EmPower Home Upgrade Loan was created in partnership with Ventura County Credit Union to offer qualifying Ventura County and Santa Barbara County homeowners access to loans to finance energy efficiency and solar projects with low interest rates and no closing costs or fees.
The EmPower Home Upgrade Loan was created in partnership with Ventura County Credit Union to offer qualifying Ventura County homeowners access to loans to finance energy efficiency and solar projects with low interest rates and no closing costs or fees.
The EmPower Home Upgrade Loan was created in partnership with Ventura County Credit Union to offer qualifying Ventura County and Santa Barbara County homeowners access to loans to finance energy efficiency and solar projects with low interest rates and no closing costs or fees.
The EmPower Home Upgrade Loan was created in partnership with Ventura County Credit Union to offer qualifying Ventura County homeowners access to loans to finance energy efficiency and solar projects with low interest rates and no closing costs or fees.
Verified by Lender on: 8/25/2016
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):
5 - 15
Minimum Amount:
$1,000
Maximum Amount:
$30,000
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 other energy projects
Funds other energy-related 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 | Unsecured loan |
| Re-Payment Method | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) |
| Property Types | |||
| Automatic payment option available | Yes | Yes | Yes |
| Requires utility incentive program participation | Yes | Yes | Yes |
| Must use Program's pre-approved contractors | Yes | Yes | Yes |
| One-time fees (% of total financing) | |||
| One-time fees (fixed) | |||
| Ongoing fees | |||
| Financing Amount | $5,001 - $30,000 | $1,000 - $5,000 | $5,001 - $30,000 |
| Financing Term (yrs.) | 6 - 15 year(s) | 5 year(s) | 6 - 15 year(s) |
| Rate | 3.9 - 12.49% | 8.49 - 15.99% | 5.9 - 14.49% |
| Money Down Required? | No | No | No |
| Credit Enhancement Available | Yes - Fees,Yes - Lower APR,Yes - Other | Yes - Fees,Yes - Lower APR,Yes - Other | Yes - Fees,Yes - Lower APR,Yes - Other |
| Transferrable | No | No | No |
| Prepayment Penalty or Fee | No | No | No |
| 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 | Yes | Yes | Yes |
| Loan to value | |||
| Debt Service Coverage Ratio | No | No | No |
| Financing Approval Time | Within 24 hours - Preliminary | Within 24 hours - Preliminary | Within 24 hours - Preliminary |
| 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.