Loan Approval Criteria

To apply, complete application online or download the application. If you have additional questions, please contact Energy Finance Solutions, NYSERDA's loan provider at 800-361-5663.

Credit Score 540-599 600-679 680 and above

Debt-to-Income (DTI)*

Up to 70%**

Up to 75%**

Up to 80%**

Mortgage Payment History

Mortgage has been paid on-time for the past 12 months. No mortgage payments more than 60 days late during the past 24 months.

Bankruptcy, Foreclosure, Repossession History

None in the past 24 months

Outstanding Collections, Judgments, Liens and Charge-offs

May not exceed $2,500

* Debt-to-Income (DTI) is a measure of your existing debt payment obligations (mortgage, auto loan, student loan, credit card payments, etc) to your income.

** DTI is up to 100% for applicants who qualify for the Assisted Home Performance with ENERGY STAR 50% discount.

This does not constitute a comprehensive list of loan underwriting guidelines. These standards are subject to change at NYSERDA's discretion.