Finance Product Details
CaliforniaFIRST
Lender: CaliforniaFIRST
Product Description
CaliforniaFIRST offers Los Angeles County homeowners funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 25 years. In Los Angeles County, CaliforniaFIRST is a public/private financing program administered by Los Angeles County and implemented by Renew Financial.
Miscellaneous Information
Multifamily properties with up to 3 units are eligible.
To access a list of CaliforniaFIRST Registered Contractors, visit https://californiafirst.org/homeowner-overview/find-a-contractor/
To access a list of CaliforniaFIRST Registered Contractors, visit https://californiafirst.org/homeowner-overview/find-a-contractor/
Verified by Lender on: 7/12/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Los Angeles County
Financing Type
PACE
Financing & Payment Information
Rate (APR):
6.75% - 8.39%
Term (years):
5, 10, 15, 20, 25 years
Minimum Amount:
$5,000
Maximum Amount:
15 % of property value
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Property Taxes (PACE)
Pmt Frequency:
Annual
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Electric vehicle charging stations and energy storage.
Funds other energy-related projects
PACE can finance all costs related to the development of the project. This can include program fees, audit costs, engineering,
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate- Preliminary
Equity in Property Needed
Yes
Other Variations of this product
CaliforniaFIRST
Property Types | |
Sponsor | CA Statewide Communities Development Authority |
Financing Type | Property Assessment |
Term (years) | 5, 10, 15, 20, 25 year(s) |
Rate (APR) | 6.75% - 8.39% |
Min. Amount | $5,000 |
Max. Amount | 15 % of property value |
One-time Fees | 6.5% of total financing & $75 |
Ongoing Fees | $30 |
Description | CaliforniaFIRST offers homeowners in participating communities funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 25 years. CaliforniaFIRST is a public/private financing program with CA Statewide Communities Development Authority, Renew Financial and your city or county. |
Other Products By This Lender
Lender: Renew Financial
Website: www.californiafirst.org
Contact Email: info@californiafirst.org
Contact Phone: (888) 996-1744