#ekologebuilds
easy process
Construction is expensive. That doesn’t mean that upfront costs must stop you from your dream. Applying is fast and easy. The total loan you may receive varies per lender but ranges from $5,000 to $250,000.
loan types
There are three major types of construction loans: secured loans, unsecured loans, and PACE loans. Secured or unsecured loans are credit-based, fixed payments for general construction or green energy services. PACE loans are non-credit based, fixed payments for green energy services that paid through the property tax.
advantages
Personal or PACE loan rates can rival traditional HELOCs (Home Equity Line of Credit). Rates vary per lender and may depend on your FICO score, debt-to-income, and more. While each plan varies, most financing options range anywhere from 5 to 30 years. Typically, the longer the term, the lower your monthly.
longterm savings
Energy-efficiency upgrades, such as HVAC, roofing, insulation, windows, or solar power, can help significantly reduce your utility bills. Those savings can then help offset your payments over time. Additionally, some of these products may offer significant tax credits and rebates, which can then be applied to the loan to lower your monthly payments.
