Financing

BSES can assist the homeowner in finding finance options or the homeowner can use their local lender or credit union. The BSES process is designed to make the conversion or retrofit hassle free for the homeowner so that financing and contractor options are readily available and can be facilitated and coordinated by BSES.

Home Improvement Financing Options

• Secured and Unsecured Financing Available
• from $1000 to $25,000
• 12 months to 240 months depending on loan amount and credit score
• Interest rates start at 7.95% dependent on loan amount and credit score
• Options available with no minimum FICO credit score
 

Energy Efficient Mortgage

An Energy Efficient Mortgage (EEM) is a mortgage that credits a home’s energy efficiency in the mortgage itself. EEMs give borrowers the opportunity to finance cost-effective, energy-saving measures as part of a single mortgage and stretch debt-to-income qualifying ratios on loans thereby allowing borrowers to qualify for a larger loan amount and a better, more energy-efficient home.

Energy Improvement Mortgage

Energy Improvement Mortgages (EIMs), which are used to purchase or refinance existing homes that will have energy efficiency improvements made to them. EIMs allow borrowers to include the cost of energy-efficiency improvements to an existing home in the mortgage without increasing the down payment. EIMs allow the borrower to use the money saved in utility bills to finance energy improvements.

Greenovation Mortgage Loans

Residential or commercial, with a greenovation loan you can get added value for your energy efficiency in one of several ways:
• Provides the funds to make your energy efficient upgrades
• Provides an efficiency credit based on the efficiency gains of the improvements
• May be used to reduce closing costs
• May be applied to lower your long term interest rate