The program is available in approximately half of the counties in Florida. It is a financing program approved by the State of Florida and authorized by local governments. Please click here to find the county you live in & what cities within your county are currently available.

We are currently concentrating on the entire state of Florida where the eligible locations are approved. We plan on entering into the state of Missouri next.

To apply for a no risk and no obligation information, please click here to fill out the form with your information and someone from our office will contact you directly within 1 business day to discuss if you are approved and answer any additional questions you may have. You can always call us if you prefer getting approved over the phone at (844) 367-9376

If you currently live in a city or county that has been approved by your local government for the program, then you can apply. If your location isn’t currently approved, you can still submit your information and we will inform you immediately upon your local government starting.

Once preapproved for financing in the program, you have anywhere from 60 days to 6 months to choose a contractor in the program, start and finish the work. If you want to wait and do any improvements and upgrades later, then you will just need to reapply.

No, eligibility is based on the equity in your home.

There are thousands of eligible energy efficient upgrades and improvements available. More specific items can be found by clicking here

Condos and townhomes are typically eligible for the financing program, however you may need written authorization from your condominium management or homeowner’s association. This depends on your Covenants, Conditions, and Restrictions (CC&R’s) or any Deed Restrictions.

Only those contractors who have previously applied to work under the program rules and requirements and been approved.  All contracts must have the following to participate in the program:

• Been in business for 2 years or longer
• Pass a background check
• Meet financial requirements
• Provide proof of insurance and a bond
• Agree to a code of ethics
• Have a valid license with the Florida State Licensing Board
• Maintain a database of customer transactions that can be audited

No, all improvements must be installed by a registered and approved contractor for the program.

No

No, homes & homeowners who do not participate in the program are not affected at all.

No, an energy audit is not required, but can be done if you prefer.

Yes, any solar and roof work are included in the program if you are approved for enough financing to cover the costs.

Yes

No

Yes, both mobile homes and manufactured homes are eligible if they are permanently attached to the real property; own the mobile home and underlying land; and pay real property taxes.

Any work that requires a permit from your city or county will need necessary permit(s) and completed inspections. If you have any questions, your contractor(s) can help you.

Yes, both a company or trust owned property are eligible for financing under the program as long as property documentation from the company or trust is reviewed and satisfactory.

It can and you may want to mention energy and water saving benefits as a result of the program. A listing agent or seller should disclose that there is an additional assessment on the property tax bill.

Yes

Yes, you can repay your balance at any time without a prepayment penalty

No, financing is for 100% of the project costs, with no money down out of your pocket

If you are the property owner of record and meet the following requirements:
 

• Mortgage in place for 90 days or longer or no mortgage
• No active bankruptcies within the last 3 years         
• Be current on mortgage debt payments     
• No payments past due more than 60 days in last year
• Current on property taxes
• Have 10% or more equity in your property

Yes, you can finance multiple projects that are eligible for the program.

No, a personal guarantee is not required

No, financing is based on the equity in your property

Please consult your tax advisor. Typically the interest paid on the financing is tax deductible.

Yes, this financing program does not prohibit you from any rebates or tax credits that may be available on local, state, or federal levels.

The minimum amount of financing allowed is $5,000 and the maximum amount of financing allowed for the program is $250,000.  The are several factors that will determine what amount you qualify, including, but not limited to:

• Based on the asset value of your home
• Annual assessment payment cannot exceed 5% of household income
• Annual assessment plus all debt secured by property cannot exceed 45% of household income.
• The assessment plus all debt that is secured by the property cannot exceed 97% of Fair Market Value.

Each contractor has to meet multiple qualifications to be approved to work under the financing program. If you have a contractor that you would like to do your upgrades, please have them contact us for more information to see if we can get them approved.

A special assessment will be added as a new line item on your property tax bill. It will remain on your tax bill for the length of term you choose, up to 25 years. Pay your property tax bill the same way you have always paid it; via your escrow account or when your tax bill arrives.

The good news is your first payment won’t be due until next year’s property taxes are due. Either pay your tax bill directly when you receive it or monthly through your escrow account.

Typically, the answer is yes. If you select this option to reduce or buy down a lower interest rate, it will save you money on your yearly tax amount due and reduce the amount of interest you pay over time.

No, any points paid to lower your interest rate will be rolled into your financing and paid over the length of your selected term.

Yes, just like your other property tax obligations, you will have a tax lien in effect for the term of your financing. This tax lien will not remain once you have repaid the financing amount.

Yes, remaining payments at the time may transfer to the new owner subject to the buyers lender approval. They buyers lender may require full payoff of your remaining balance. If you are looking to get home improvements to improve the value of your home and sell it immediately, we suggest other financing options besides this program.

The interest rates are competitive, fixed, and offer flexible terms of 5-25 years based on the useful life of the improvements and renovations you choose.