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| Deep Energy Reduction Financing Options |
California Only |
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Prin & Int. |
24-Mar-09 |
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Monthly |
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| Type |
|
Source |
Qualifications |
Loan |
Amort. |
Interest |
Payments |
Funding |
| |
|
|
|
|
Limits |
# yrs |
Rate |
per |
Delay |
| |
|
|
|
|
|
to pay |
Approx. |
$10,000 |
Days |
| GEOSmart |
EGIA |
High Credit |
|
$ 25,000.00 |
10 |
9.25% |
$ 128.03 |
21 |
| |
www.egia.com |
contractor must be approved by EGIA |
|
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|
|
| City Rehab |
Municipalities |
Low Income |
$ 10,000.00 |
10 |
5.00% |
$ 106.07 |
45 |
| |
|
|
|
|
|
|
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|
|
| Secured 2nd |
Community |
45% DTI |
|
$250,000.00 |
15 |
6.50% |
$ 87.11 |
30 |
| |
|
Banks |
90% CLTV |
|
|
20 |
7.25% |
$ 78.98 |
|
| |
www.cleanpowerfinance.com |
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|
Fixed rate, no prepay penalty, no fees |
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| |
www.newresourcebank.com |
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|
Fixed rate, 5 yr prepay penalty, no fees |
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| HELOC |
|
Banks |
680 Fico |
|
$350,000.00 |
10 |
6.00% |
$ 59.96 |
30 |
| |
|
Broker |
80% CLTV |
|
|
Int only |
4.50% |
$ 37.54 |
Variable |
| Conventional Refi |
Banks |
700 FICO |
|
$729,750.00 |
30 |
5.25% |
$ 55.22 |
30 to 45 |
| |
Cash Out |
Broker |
80% CLTV |
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no MI |
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| |
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|
Fixed rate, fees apply |
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| EcoEnergy Loan |
Broker |
620 FICO |
|
$729,750.00 |
30 |
5.25% |
$ 59.80 |
45 |
| FHA 203K |
|
96.5% LTV |
|
|
w/ MI |
|
|
| |
www.ecoenergyloan.com |
$35K Upgrades |
|
Fixed rate, fees apply |
|
| |
building block FHA loans |
EnergyStar Appliances |
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| Energy Efficient Mort |
Broker |
Additonal $8,000 |
$729,750.00 |
30 |
5.25% |
$ 59.80 |
45 |
| FHA : EEM |
|
increase 2% DTI |
|
|
w/ MI |
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| FHA Weatherization |
Broker |
Additional $2,000 |
|
|
5.25% |
$ 59.80 |
45 |
| Financing Questons for your clients |
|
Federal Tax Credit $1,500 for Energy Upgrades |
| What is current interest rate on mortgage? |
|
AB811 5.25% 20 year amortization Sonoma |
| Is it fixed or variable? |
|
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|
Weatherization Funding is coming soon |
| Consider refinancing First mortgage or adding second? |
State/ CPUC moderate income Funding soon |
Sound Mortgage - 4604 Scotts Valley Drive Suite 12 - Scotts Valley, CA 95066
Office Phone: (831) 461-0100 Fax: (866) 208-9492 Cell Phone: (831) 247-5573
We lend in the following states: CA, WA, OR
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