Can you pay off a ygrene loan early?
There is no prepayment “penalty” for paying off your financing early. However, a processing fee will be charged if the PACE financing is paid off early, and interest may be due according to the amortization schedule. The processing fee may vary by state — please contact Ygrene Customer Care for further details.
What is the interest rate for ygrene?
Interest rates range from 3.5% - 7.5% depending on the term selected for the project.
Does ygrene check credit?
Overall, both Ygrene and the HERO Program are similar. Interest rates will vary on a case-by-case basis, there is no minimum credit score requirement, and they will both cover 100% of the cost of a solar system with flexible term lengths.
How does a ygrene loan work?
Ygrene Works allows your city or county to bring best-in-class PACE financing to its constituents by providing 100 percent, no money down, tax-deductible project funding with the lowest rates and fees to residential and commercial property owners.
Does Ygrene have a prepayment penalty?
Contact Ygrene Customer Care for more details. Are there fees for paying off early? There is no prepayment “penalty” for paying off your financing early. However, a processing fee will be charged if the PACE financing is paid off early, and interest may be due according to the amortization schedule.
How does Ygrene financing works?
Ygrene Works allows your city or county to bring best-in-class PACE financing to its constituents by providing 100 percent, no money down, tax-deductible project funding with the lowest rates and fees to residential and commercial property owners.
What is the difference between PACE and Ygrene?
YGRENE is the same PACE program for Northern California homes whereas the HERO home loan is for Southern California. Both are similar programs but it's important to understand each and how to get out of it if you have gotten yourself into one thinking it will benefit you in the long run.