FHA 203K Loans: Renovation Ready Program
This is a government insured loan that can be offered for up to 97% lending value of the improved home value. This is done by taking the existing home value and adding the improvement value. After successful completion of the improvements and an inspection the loan disbursements are made.
488 Central Ave, Dover, NH 03820
Renewable Energy Lending
$50k loans for geothermal and solar installations
Fixed rates starting at 4.9%
FHA Title 1 Home Improvement Loans
AFC First Loan
AFC First provides simple, preferred rate residential financing programs for energy related home improvements. Financing programs are based around making energy efficient home improvements. Call customer service at 1-888-232-3477 for more information.
Home Equity Line of Credit
Rates on HELOCs typically have low interest introductory periods and the interest is tax deductible, which lowers the effective interest rate. Check with your local bank for applicable rates.
Financing for Ultra Geothermal heating and cooling systems is available through several avenues including government subsidized and traditional loans. There is also a 30% government tax credit (form 5695) available for geothermal installations. For more information on this contact our office.
Energy Star Loans
The Maine, Massachusetts and New Hampshire Housing Authorities all offer loans for homeowners who improve their residences with Energy Star approved heating and cooling systems. These loans carry interest rates that are typically less than any private source of funding.
Geothermal Heat Pumps Incentives of 35% of installed cost up to $10,000, which includes all mechanical and distribution equipment as well as Geothermal well drilling and upgrades.
Installing energy efficient heating and/or water heating equipment can save you money, improve the comfort of your home, and contribute to a cleaner environment. NHSaves provides incentives for high efficiency heating and water heating equipment, regardless of fuel type.
Massachusetts customers: find out if you are eligible for Early Heating Equipment Rebates by replacing your boiler or furnace.
Apply for 0% loans to help you make qualified energy efficient home improvements with the Mass Save HEAT Loan program. You could qualify for loans up to $25,000 with terms up to 7 years, depending on the utility and the loan provider.
Efficiency Maine offers a variety of energy loans to help you pay for energy upgrades. All loans are low-interest, long-term loans with no fees. The application process is simple and quick. Often, annual energy savings exceed the cost of monthly loan payments in the very first year.
- Efficiency Maine ENERGY LOANS are available statewide providing very quick closing and unsecured loans up to $15,000 over a 10 year term.
- PACE loans are available in more than 173 municipalities and provide up to $15,000 over 15 years at 4.99% APR on any residential property with 1 to 4 living units.
- HUD PowerSaver loans are available statewide but only for free standing single family homes. Borrow up to $25,000 at 4.99% APR for a 15 year term.