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Finance Vendor Details

emPower Central Coast
Lender: Ventura County Credit Union
Contact Information
Website: www.empowersbc.org
Phone: (805) 568-3566
Email: emPowerSBC@co.santa-barbara.ca.us
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.
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
Unsecured
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 loanUnsecured loanUnsecured 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 YesYesYes
Requires utility incentive program participation YesYesYes
Must use Program's pre-approved contractors YesYesYes
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? NoNoNo
Credit Enhancement Available Yes - Fees,Yes - Lower APR,Yes - OtherYes - Fees,Yes - Lower APR,Yes - OtherYes - Fees,Yes - Lower APR,Yes - Other
Transferrable NoNoNo
Prepayment Penalty or Fee NoNoNo
Tax Deductibility NoNoNo
Minimum Credit Score Required
Equity in Property Required NoNoNo
Debt to Income Ratio Required YesYesYes
Involuntary Property Liens Allowed YesYesYes
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement NoNoNo
Must be current on property taxes NoNoNo
Must be current on mortgage YesYesYes
Loan to value
Debt Service Coverage Ratio NoNoNo
Financing Approval Time Within 24 hours - PreliminaryWithin 24 hours - PreliminaryWithin 24 hours - Preliminary
Projected Energy Savings/Cash Flow is considered NoNoNo
Must be current on utility bill NoNoNo

Upgrades Covered

No Results

FAQ's

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