Energy Efficiency Financing(GSFA Residential Energy Retrofit Program)Program Overview for Homeowners, Realtors and Contractors

3/16/2016Golden State Finance Authority | (855) 740-8422 | www.gsfahome.org 1

In partnership with

What Can the Program Do For YOU? Low interest rate financing:

For energy efficiency home improvements On residential properties w/ utilities provided by PG&E.

Potential benefits from energy efficiency improvements: Improve comfort of the home. Potentially lower utility bills. Potentially increase the home’s value. Reduce energy consumption & help the environment. Support the local economy.

3/16/2016Golden State Finance Authority | (855) 740-8422 | www.gsfahome.org 2

Low-Rate, Low-Cost Financing Tool for Energy Efficiency Measures Borrow up to $50,000 (subject to credit qualifying). 6.5% fixed-interest rate* loan (15-year fully amortizing) :

Example: $10,000 loan = $87.11/month (APR 7.365%) Example: $20,000 loan = $174.22/month (APR 6.924%

NO pre-payment penalties on loan. NO income restrictions to apply. NO equity requirements on property. Property doesn’t have to be a primary residence

(rental properties, vacation homes, etc. are eligible)

3/16/2016Golden State Finance Authority | (855) 740-8422 | www.gsfahome.org 3* Interest rate quoted as of 03/16/16 and subject to change at any time

Energy Efficiency Measures to Address Many Issues in Home

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Old or inefficient

water heater (including

solar units)

Insufficient or low-grade

insulation in attic

Old heating or cooling system

Leaky air spaces

Bad duct systems

Inefficient lighting

Inefficient appliances

Leaky windows

Insufficient insulation in

basement

Borrower Eligibility1. Must be owner of subject property.2. Must be current on mortgage (if there is a mortgage).3. Must be current on property taxes/no tax and judgment liens.4. Must furnish proof of income/current employment.

(No minimum or maximum income requirement)5. Must have a minimum credit score of 640.6. Must not exceed a debt-to-income ratio of 45%.7. No chapter 7 bankruptcy within the last 5 years.8. No credit charge offs nor foreclosures within last 3 yrs.

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Property Eligibility1. Must have utilities provided, in part or in full, by PG&E.2. Must be a single-family, 1-4 unit residential property.

a. 1-4 unit residences that are detached structures.b. PUDs or condos are allowed (including duplexes and half-plexes). c. Modular homes are allowed. d. Mobile homes and manufactured homes are NOT allowed.

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Additional Features & Guidelines 100% of the Project Cost can be financed:

Any rebates you apply for from other sources are cash in your pocket. Loan secured by Fixture Filing Lien on any equipment installed.

At least one (1) piece of equipment is required. Applicant Fee of $545 per project:

Administration Fee = $200 Underwriting Fee = $150 Escrow Fee = $195NOTE: These fees are automatically included in the Loan Amount

(not to exceed credit approval), adding only a few dollars to your loan.

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Visit the Website @www.gsfahome.org About the program. Eligible energy efficiency

measures. Testimonials. Frequently asked questions. List of Participating

Contractors.

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How to Get Started1. Contact a GSFA Participating Contractor:

a. List available at www.gsfahome.orgb. Or call GSFA at (855) 740-8422 for a referral.

2. Apply for credit / find out how much you can borrow.3. Discuss your options with your contractor.4. Your contractor will submit your project for approval when you

are ready.5. Sign your loan documents and return them to GSFA.6. Energy upgrade!

Supporting Affordable Homeownership for more than 22 Years

Golden State Finance Authority (GSFA)1215 K Street, Suite 1650Sacramento, CA 95814www.gsfahome.org (855) 740-8422

Presentation contains program highlights only. All guidelines are subject to change without notice.

The GSFA Residential Energy Retrofit Program is sponsored by California Home Finance Authority (“GSFA”), a California Joint Powers Authority. Funding for this program is made possible through financing from Five Star Bank and may be supported in part by funds from PG&E.

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