Energy Smart Homes

The Energy Smart Homes loan program for Saint Paul homeowners makes energy-efficient improvements a snap.

Highlights

• No payments
• No interest
• No income limits
• Repayment of principal is due in 30 years, or when borrower's home is sold or ceases to be their principal residence
• Can be used for insulation, air sealing, furnaces and boilers

Eligibility

• Available only for Saint Paul homeowners
• Borrower's home equity (the difference between taxable market value and existing mortgage balances/liens) must be greater than half the maximum loan amount
• Borrower must be current on mortgage, taxes, and student loans

For borrowers who are at or below 80% Area Median Income (see chart below):

• The maximum loan amount is $6,500
• The loan covers all costs of improvements (no match required)
• Fees may be rolled into the loan

For borrowers who are above 80% Area Median Income (see chart below):

• The maximum loan amount is $5,500
• The loan covers up to half of the cost of improvements (homeowner will pay for half out of pocket)
• The homeowner will pay fees out of pocket (fees average $450)

Complete this application to apply.

Send an email or call LeAnne at 651-221-4462 ext. 132 if you have questions.