4.99% Interest Rate: The interest rate for this loan option will be 4.99% and is made possible through a partnership with the Minnesota Department of Commerce*.
Income Limits:There is no income limit and all other underwriting criteria will be the same as the regular unsecured loan option.
Easy Loan Processing:All loan processing will be similar to the regular unsecured option.
Minimal Paperwork: A Supplemental Application to the Fix Up Credit Application, to be completed by the borrower and their contractor, will capture energy conservation and savings information. The Loan Transmittal form is also updated for this loan option.
Open to Lenders: All current Fix Up Lenders will be able to access this loan option.
*This project was made possible by a grant from the U.S. Department of Energy and the Minnesota Department of Commerce through the American Recovery and Reinvestment Act of 2009 (ARRA).