Residential Loan Fund Lenders

A Borrower's access to the Residential Loan Fund is contingent upon prior approval through the Home Performance with ENERGY STAR Program. Through the Residential Loan Fund, NYSERDA's Assisted Loan provides Eligible Borrowers with an Interest Rate Reduction of up to 4.0% less than a Participating Lender's normal market interest rate on Loans up to $20,000, for a term of up to ten (10) years. Eligible Borrowers must use funds for the purchase and installation of qualified energy efficiency improvements. The Interest Rate Reduction may be capped by NYSERDA so the interest rate charged to the Borrower is not lower than 3.0%.

 

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