Vermont Banks Offering Home Energy Loans

Vermont Banks Offering Home Energy Loans

The listed banks offer either energy loans, or standard home equity or personal loans that can be used for energy efficiency improvements. The list is not comprehensive, and Efficiency Vermont will add additional lenders and loan products as information becomes available. For a full listing of Vermont banks, visit: index.php?page=bank-members

Financial Institution Program Name

Brattleboro/ Springfield Savings and Loan

NA

Loan Types

Home Equity Loan (secured)

Personal Loan (unsecured)

Other Requirements/Information

Home equity and personal loans can be used for energy improvements.

National Bank of Middlebury

Green Advantage

Home Equity Loan

The Green Advantage loan offers reduced rate

Energy Improvement

(secured)

financing and increased borrowing limits for energy

Loan

Personal Loan (unsecured)

efficiency and renewable energy projects.

Northfield Savings Bank

Energy Improvement Loans

Home Equity Loan (secured)

Personal Loan (unsecured)

Northfield Savings Bank offers reduced-rate financing for energy efficiency projects and recommends working with a BPI-certified contractor.

People's United Bank

NA

Home Equity Loan (secured)

Home equity and personal loans can be used for energy improvements.

Personal Loan (unsecured)

TD Bank

Home Equity Loan

Home equity and personal loans can be used for

NA

(secured)

Personal Loan (unsecured)

energy improvements.

Union Bank

GreenLend Energy

Home Equity Loan (secured)

GreenLend offers reduced-rate financing for projects that contain energy efficiency or renewable energy

Efficiency Loans Personal Loan (unsecured) enhancements that lower the costs of energy use.

Last Updated: 1/10/2013. Loan products and rates are subject to change without notice.

Service Territory/Eligibility Brattleboro and Springfield regions

West central Vermont Central and northwestern Vermont

Vermont Vermont Northern Vermont

Website consumerLoans.cfm



borrow/energy-improvement- loans/

peoples/Main/Personal/ Borrowing



personal- banking/greenlend.htm

Vermont Credit Unions Offering Home Energy Loans

Credit unions provide financial services to their members, and have regional or affiliation requirements for membership. The listed credit unions offer either energy loans, or standard home equity loans that can be used for energy efficiency improvements. The list is not comprehensive, and Efficiency Vermont will add additional lenders and loan products as information becomes available. For a full listing of Vermont credit unions, visit: findaVTcu.htm

Financial Institution Program Name

Loan Types

Other Requirements/Information

Green Mountain Credit Energy Improvement

Home Equity Loan

Energy Improvement Loans offer reduced-rate

Union

Loans

(secured)

financing for energy efficiency and renewable energy

Personal Loan (unsecured)

projects.

Service Territory/Eligibility

Anyone who lives, works, or worships in Chittenden, Rutland, Washington and Orange Counties

Website

NeighborWorks Alliance of Vermont

Home Repair Loan

Low-interest loans (generally 1-3%) are available for

Home Equity Loan

households earning less than 80% of median income.

(secured)

Loans are for weatherization, heating system upgrades,

Personal Loan (unsecured) and other home repairs, including health and safety

measures.

NeighborWorks HomeOwnership Centers serve all regions of Vermont:

centers.html

home_improvement.ht ml#

NeighborWorks of Western Vermont

NeighborWorks Energy Loan

The NeighborWorks Energy Loan offers a reduced interest rate and an extended term for energy

Personal Loan (unsecured) improvements to all borrowers, regardless of income. Rutland, Addison, and Bennington counties. Loan amounts are determined based on a home energy check-up (audit).

affordable-financing/

New England Federal Credit Union (NEFCU)

Efficiency Vermont Partnership

Home Equity Loan (secured)

Home Improvement Loan (unsecured)

Home equity and personal loans can be used for energy improvements.

Anyone who lives, works, or attends school

in Addison, Chittenden, Franklin, Grand Isle, personal/loans_and_visa/loans.ht

Lamoille or Washington county is eligible for

ml

membership

Opportunities Credit Union

Serving: Employees, volunteers, members,

clients, or supporters of any non-profit or

NA

Home Improvement Loan Home improvement loans can be used for energy

(unsecured)

improvements.

religious organization serving low income Vermonters, as well as all residents of

Winooski and Burlington's Old North End

loans/

Vermont Federal Credit Union

Freedom Home Loan

Home Improvement Loan (unsecured)

The Freedom Home Loan offers reduced-rate financing for qualifying projects, including energy efficiency.

Anyone who lives, works, worships, or attends school in Chittenden, Grand Isle, Franklin, Lamoille, Washington, or Addison counties, as well as to any of their family

members

home/loans/freedomloan

Vermont State Employees Credit Union

(VSECU)

VGreen Loans

Energy Improvement Mortgage (secured) Energy Improvement Home Equity Loan

(secured) Energy Improvement Loan

(unsecured) Off Grid Mortgage Green Vehicle Loan

VGreen provides a suite of reduced-rate financing options for home energy improvements and other

energy-saving projects, purchases, and goals.

Anyone who lives or works in Vermont

loans/energy-saving-loans

Last Updated: 1/10/2013. Loan products and rates are subject to change without notice.

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