General
This is the minimum credit score required to qualify for a SELF loan
What is no minimum credit score
These cooling systems are considered energy efficiency loans
What is an energy-efficient air conditioner or heat pump?
What does HALO mean?
What is a Home Adaptation Loan?
This is a percentage of the approval amount and is returned at the end of the loan
What is cash collateral?
This renewable energy source is harnessed to help reduce their electricity bills.
What is solar energy?
SELF specifically focuses on helping this income group access affordable home improvement financing.
What is low- and moderate-income (LMI) homeowners?
This type of benefit, often seen in monthly bills, is one of the biggest reasons homeowners choose green upgrades.
What is lower utility costs?
3 projects that would be covered under Halo Loans.
What are wheel chair ramps, stair lifts, Doorway/hallway widening, walkin tub/shower, Assistive Technologies (Any 3)
This is a combination of the interest rate and fees used to compare loans
What is APR?
We finance this type of solar panel system that converts sunlight directly into electricity .
What are solar photovoltaic (PV) panels?
This is the maximum amount a borrower can apply for with a residential loan.
What is $25,000
The minimum efficiency rating of HVAC systems we finance?
What is 16 SEER/15.2 SEER2?
This type of loan that we offer helps landlords upgrade rental properties.
What is a SEER Loan?
The closing date is also known as this.
What is Loan Dispersal Date?
These two solar-related improvements, supported by our loans, help maintain comfortable pool temperatures and efficient water circulation.
What are solar pool heaters and solar pool pumps?
SELF is certified with this federal designation that ensures it focus on mission-driven lending to underserved communities.
What is CDFI?
This energy efficient improvement can also lower insurance costs in some markets prone to hurricanes, tornados and other wind hazzards
What are energy efficient impact rated doors and windows
This is the maximum loan amount per rental unit available through the SEER program.
What is $25,000?
This starts accruing from the Loan Dispersal Date.
What is Interest?
we offer loans for this solar-powered system that heats water for household use, reducing reliance on traditional water heaters.
What is a solar water heater?
SELF loan applicants must be up to date on property taxes and these three types of financial obligations.
What are home mortgages, auto loans, and credit cards?
Energy efficiency loans carry this conservative percentage of cost reduction
What is 15%?
These three types of property improvements are eligible under the SEER Loan program.
What are weatherization and insulation, energy-efficient HVAC, and disability improvements?
Our underwriting methodolgy is based on what
What is the ability to repay?
Each state has this cost cap
What is price per watt (PPW)?