Easy Payments – Repay HERO financing through property tax bill. 5, 10, 15 year terms available
Tax Deductible Interest. Consult your tax professional.
No Credit Score Requirement. Financing is not based on your credit score.
$0 Down Payment. No money down means you can make improvements now.
10% Equity Minimum. Mortgage-related debt must not exceed 90% of property value.
Finance up to 10 % of your Property Value. Relatively low interest rate financing.
If you sell your property, the new owner may assume payments. Transferable upon sale (in most cases).
Save Money on Your Energy Bills. Energy Efficient products save you money!
Get Approved in Minutes. Call the HERO Program 1-855 HERO-411 or just give us a call (909) 910-5125
HERO Financing Program
HERO Program provisions are subject to change without notice.
Frequently Asked Questions
HERO is an acronym that stands for: Home Energy Renovation Opportunity.
HERO partners with local governments to make energy efficient. water efficient and renewable energy products more affordable for homeowners.
The repayment is included in your property tax bill. which is delivered and collected by the County. You will see a line item titled HERO Financing on your property tax bill. If you make property tax payments through an impound escrow account. your lender will adjust your monthly payment to include the amount due for HERO Financing.
HERO Financing is available to commercial and residential property owners.
No. Contractors must be registered with the HERO Program in order to be qualified to install HERO eligible upgrades. Contractors must be properly licensed and bonded with the Contractors State License Board. McLay is Registered with HERO.
Under the HERO Program. when you sell or reﬁnance your property, your remaining payments may stay with the property. However. you will want to consult with your lender prior to selling.
– All mortgage-related debt must not exceed 90% of the value of the property.
– Mortgage payments must be current at time of application.
– Property taxes for the prior twelve-month period must have been paid on time and no more than one late payment within the past three years.
– No outstanding involuntary liens, such as tax liens or mechanic’s liens.
– The property owner(s) must not have ﬁled for bankruptcy in the past two years. If they have a bankruptcy record between two and seven years old. then the property owner(s) must not have had any additional late payments more than (60) days past due in the last (24) months.
Energy and water effcient products are eligible. Generally. 14.5 SEER-12 EER Heating and AC systems and tankless water heaters qualify. See the list at www.heroprogram.com for more information and qualifying products or call 1-855-HERO-411.
Mobile homes must be permanently attached to the property and the owner of the underlying property must be the applicant and be subject to real property taxes.
There are no application fees for HERO Financing.
Interest paid on the principal balance is tax deductible.
Do you have a dream project in mind but feel you can’t pursue itday because your necessary funds aren’t fully available yet? Or would you simply prefer delaying funding to anywhere from 6 months to 10 years?
Thanks to our longstanding partnership with HERO Financing, the largest PACE finance program in the nation, we now offer Benji, an unsecured financing program for all solar, green energy, and all home improvement projects in California starting at $4,000 and up to $50,000.
The Unsecured Advantage
Besides the comfort of enjoying your home upgrade long before any payment is due, there are many additional reasons to pursue unsecured financing.
No lien against your property or equipment
No interest (Special Financing)
Competitive interest rates (Fixed Financing)