It’s possible you’ll really feel intimidated by the method of making use of for an vitality mortgage, but it surely’s surprisingly simple. And at Elevations, we’re right here to help you each step of the way in which. Dwelling vitality loans can be utilized for initiatives huge or small; the minimal quantity Elevations will finance for a house vitality mortgage is $500. These 4 steps will enable you go inexperienced with photo voltaic panels or new energy-efficient home windows and far more.
Outline the mission
To get began, you’ll need to determine your native vitality mortgage program and search mission approval. Our taking part vitality mortgage companions are Boulder County’s Vitality Good Program, HELP Loans for Metropolis of Fort Collins Utilities Prospects and Colorado Clear Vitality Fund loans by way of the Colorado Clear Vitality Fund. Your vitality advisor will enable you determine out there rebates and monetary incentives, plus join you with a taking part contractor. Study extra about which initiatives qualify for a house vitality mortgage on our weblog.
One factor to remember is that every one contractors should be on the licensed contractors listing for the mortgage to be accepted. This listing updates typically, socheck it earlier than beginning a mission.
Submit your utility
You’ll be able to then full our vitality mortgage utility. As soon as your utility is submitted you must obtain a affirmation e-mail inside just a few enterprise days. When you’ve uploaded your revenue paperwork (see subsequent part), it’ll usually take about 1-3 weeks for the Colorado Clear Vitality Fund (CCEF) to evaluation your contractor’s proposal and reply with an official approval or subsequent steps. If CCEF approves your mission, then we attain out to let you recognize your mission can proceed. You probably have any questions all through the method, be happy to name us at 800.429.7626.
Collect your supporting info
As soon as your utility is pending approval, we are going to attain out
for the next info:
- Verification of Earnings
- W2 Worker –
most up-to-date paystub
– most up-to-date 12 months’s tax return
– most up-to-date month-to-month revenue assertion
- W2 Worker –
- Undertaking approval by way of your taking part vitality mortgage program
We’ll ship you an e-mail with a hyperlink to securely add these paperwork. The e-mail may even embrace the preliminary phrases of your vitality mortgage, together with fee, time period, fee, and charges. As soon as the appliance is accepted, it’s good for 180 days. After that point, candidates would wish to re-submit revenue paperwork, have one other credit score test and can be topic to any fee modifications.
Get began in your mission
As soon as your mortgage is accepted by Elevations and the taking part vitality mortgage program, we’ll contact you with the following steps.
Sometimes, you’ll schedule and full the mission along with your licensed contractor and e-mail the ultimate bill to Elevations when the mission is accomplished. Additionally, you will must evaluation and signal mortgage closing paperwork; these paperwork will probably be emailed to you securely, and it’s possible you’ll decide to schedule a closing at certainly one of our branches.
As soon as your mission has been accepted, you have to to determine your membership account at Elevations earlier than closing in case you are not at the moment an Elevations member. After membership, approval, and mortgage closing, Elevations will use your mortgage proceeds to pay your contractor immediately. Find out about turning into an Elevations member right here.
Please observe that your utility is sweet for 180 days. To proceed with a mission after that point, we would wish to re-pull your credit score and recollect revenue paperwork. At the moment, you’ll then be topic to present charges, if they’ve modified.
You probably have any questions, please give us a name at 800.429.7626. We look ahead to serving to you get monetary savings and take care of this stunning place we name house with an Elevations Vitality Mortgage.