Jun 26, 2017
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In partnership with the City of Fort Collins, EnergySmart Partners LLC offers affordable energy efficiency loans to qualified residents who own residential property wishing to make eligible air quality improvements to their primary residences or rental properties.

 

www.fcgov.com/airquality/loan.php

 

 

  PROGRAM BENEFITS:

  • Loans for $1,000 up to $10,000
  • 0% (Zero Percent) Interest rate
  • Flexible Loan Terms
  • Loans will be secured by a Deed of Trust recorded with Larimer County.

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 ELIGIBILITY REQUIREMENTS:

  • Your property must be located in Fort Collins, Colorado.
  • You must own the residence to be upgraded with the energy efficiency renovations.
  • The property can be owner occupied or a rental property as long as all applicants claiming ownership are no legal entities and provide a single valid Social Security Number of an Individual Tax Identification Number.
  • Have a minimum credit score of 640.
  • Meet additional financing terms of EnergySmart Partners LLC.



 

CREDIT METRICS:

Credit Metrics

 

Tier 1

 

Tier 2

 

Minimum FICO (Credit Score)

 

·   Each borrower must have a minimum FICO

 

·   If there are multiple borrowers, the lower the score (regardless of income) must be used for qualification

 

 

 

· 700 if salaried (or fixed income)

 

· 720 if self-employed less than 2 years

 

 

 

 

 

 

 

 

 

· 640 if salaried (or fixed income)

 

· 680 if self-employed more than 2 years

 

 

 

 

 

 

 

 

 

Bankruptcy, Foreclosure, Repossession

 

None in the last 2 years

 

None in the last 2 years

 

Unpaid Collection Accounts, Judgments, Tax Liens

 

No more than $2,500 total

 

No more than $2,500 total

 

Loan Amounts

 

Up to $10,000 Up to $5,000

 


EXAMPLE LOAN SCENARIO:

$3,000 Loan Amount

0% Interest Rate 2.037% APR*

36 month loan term

$50.00 monthly payment

*APR means Annual Percentage Rate. Your APR may be higher or lower than the example above.

EnergySmart Partners’ loans range from $800 to $3,000. Interest rate is 0% (zero). Loan fee is $150 regardless of loan size. APR’s may range as low as 2.037% to 73.495% based on your creditworthiness, loan amount, and loan term; and is subject to our normal credit qualifications. APR’s are subject to change without notice.


 

 

AIR QUALITY LOAN PROJECT TABLE:


 

Type of improvement

Max. % of cost financed

Loan min.

Loan max.

Other eligibility requirements

Building permit required?

Radon mitigation

90%

$1,000

$10,000

Radon test of 4 picoCuries/liter or higher

No

Mold remediation

90%

$1,000

$3,000

Certified mold remediation contractor*

No, unless building structure is affected

Fireplace or wood-stove upgrade**

90%

$1,000

$3,000

Proof of old stove recycling (if stove)

Yes

 

*Mold remediation professionals are licensed by the EPA.

**Four upgrades are eligible:

1.  Gas-log fireplace           TO     upgrade to gas fireplace/insert

2.  Wood-stove/fireplace    TO     upgrade to gas stove/insert

3.  Wood-stove/fireplace    TO     upgrade to pellet stove/insert

4.  Wood-stove/fireplace  TO   upgrade to certified wood stove/insert 

 



To apply for this program:

 

Step 1:   Apply Online

 

 

Step 2: Please print and sign the Authorization to Release Information & E-Consent forms.

 

Step 3: Click on the button below and pay for the report using a credit or debit card on our secured Paypal connection.


Please click the "BUY NOW" button below to pay the application fee.

Please note the fee is paid to the EnergySmart Partners LLC a subsidiary of Funding Partners for Housing Solutions, Inc.

 

 Application Fee

 

After EnergySmart Partners LLC receives your completed application and signed Authorization to Release Information form, your application will be processed promptly and we will contact you the status of your application.


EnergySmart Partners LLC

a wholly owned subsidiary of

Funding Partners for Housing Solutions, Inc.

 

Megan Ferguson

Retail Program Manager

Colorado License# 100034415  NMLS MLO# 382935

 

 

*Regulated by the Colorado Division of Real Estate

 

 


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Authorization to Release Information & E-Consent  |  Income Documentation Checklist  |  Energy Smart Colorado Revolving Loan   |  Garfield Clean Energy Revolving Loan  |  City of Fort Collins Air Quality Loan   |  Waiver of Lien & Completion of Work Affidavit
Garfield Clean Energy Guidelines  |  Energy Smart Colorado Guidelines  |  City of Fort Collins Air Quality Loan Product Guidelines  |  Energy Smart Colorado Application Checklist  |  Garfield Clean Energy Contractor Agreement & ACH Form  |  Garfield Clean Energy Application Checklist
Energy Smart CO Contractor Agreement & ACH Authorization  |  EnergySmart Partners role in the process  |  Loan Closing Procedures

330 S. College Avenue
Suite 400
Fort Collins CO 80524
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NMLS# 382935; Colorado License# 100034415