Division of Foam It Insulation Inc.
NY ENERGY STAR Financing
Green Jobs Green New York Financing
7 Easy Steps to GJGNY Financing
For Home Owners
1. APPLY FOR 4.49% fix APR GJGNY FINANCING
This financing is only for owners of owner-occupied 1-4 family houses.
Call toll-free 1-800-361-5663
To obtain pre-approval for the loan amount over the phone!
Review the list of eligible measures and program fact sheets. Obtain a written itemized proposal from a HomePerformance with ENERGY STAR® contractor for eligible energy saving work.
Complete the application at the Energy Finance Solution (EFS) web site (www.energyfinancesolutions.com) or apply in writing and mail to
Energy Finance Solutions,
431 Charmany Drive, Madison, WI 53719 or fax to EFS at 608-249-5788.
2. MAIL OR FAX COMPLETED CREDIT APPLICATION
Send all of the following to apply for the loan:
1. Credit Application (if not already completed on the EFS Web site)
2. Proof of Income needs to be sent with credit application only if the loan amount is over $4,000 (copies of pay stubs or copy of income tax return if self employed). Mail in the provided envelope or fax the above 3 items to EFS at 608-249-5788.
3. LOAN STATUS NOTIFICATION
Customers submitting a completed application package before 4:00 pm (CST) weekdays will be notified by phone of the loan disposition within 2 hours of receipt by EFS. The Contractor will also be notified by email or phone ofthe loan status.
4. LOAN DOCUMENTS
The loan documents will be snet directly to Foam It Insulation
5. COMPLETE THE ENERGY SAVING WORK
Once the loan document is signed, you notify Foam It Insulation to schedule the work. Once the work is completed the Foam It Insulation needs to fill out a Certificate of Completion send to CSG.
Foam It Insulation has 55 days from signing the loan agreement document to complete the work and submit the final invoice and Certificate of Completion form to GJGNY Financing.
6. PAYMENT
Payment is normally sent directly to the contractor by check or ACH wire transfer typically within 2 business days upon CSG’s receipt of the Certificate of Completion.
7. LOAN TERMS Green Jobs Green New York Financing – FACT SHEET WHO IS ELIGIBLE: Owners of owner-occupied 1-4 family houses. No new home construction. GJGNY Financing is only available on work contracted through New York Home Performance with ENERGY STAR Program participating contractors. LOAN FEATURES: Easy to apply; no money down; loans are non-secured, so interest paid on the loans is not tax deductible. There is no penalty for prepayment of the loan. APPLICATION: Customer or Salesperson MAILS, or FAXES the Credit Application form to Energy Finance Solutions (EFS), or fills out application on the EFS Web site. EFS contact information is provided below. Loans over $4,000 need to have proof of income included with the application. CONTACT INFORMATION: EFS contact information is as follows: Mailing address: 431 Charmany Drive Madison, WI 53719 Phone number: 1-800-361-5663 Fax number: (608) 249-5788 Website: http://www.energyfinancesolutions.com LOAN APPROVAL PROCESS: Credit Application forms are sent to Energy Finance Solutions (EFS) for credit and application evaluation. EFS runs a credit report and reviews the application. Customer is notified of their approval/disapproval usually within one business day. The approval criteria are the following: Score 640 or higher Score 680 or higher (self employed OVER 2 yrs.) Score 720 or higher (self employed UNDER 2 yrs.) NO Bankruptcy in the last 7 years Debt to Income Ratio: BELOW 50% (includes new loan request) TERMS & MONTHLY PAYMENTS: Homeowner chooses the term for the loan when they complete the Credit Application. The choices are 5, 10, or 15 years. The monthly payment is determined by the amount of the loan,term, and interest rates. DENIALS: EFS sends denials to the customer in writing. LOAN DOCUMENTS: Loan documents will be send to Foam It Insulation by EFS SIGNED LOAN DOCUMENTS ARE MAILED TO EFS: Foam It Insulation or the Customer mails EFS the signed loan documents. These loan documents cannot be faxed. COMPLETION CERTIFICATE Submittal: Work needs to be completed within 55 days of signing the loan documents. When the work is complete, Foam It Insulation submits a Completion Certificate to the Program Implementer, who reviews the document for accuracy and completeness. The document is thenforwarded to EFS. PAYMENT TO CONTRACTORS: When EFS has the Completion Certificate, all Loan Documents, and Final Invoice, EFS processes a check to Foam It Insulation, by an ACH (wire transfer) to
The loan servicer will provide a monthly payment coupon for the repayment of the loan. There is no penalty for prepayment of the loan.
(paystub for everyone employed in the household or if self-employed a copy of recent income tax return)
Foam It Insulation's account within 48 hours. Payment will have the name “WECC” on it. If the loan covers work by multiple contractors, all of the work must be completed before any payments are processed.
Application For:
GJGNY Financing Credit Application
GJGNY Financing ACH form
“What to Expect” Brochure
Foam It Insulation
327 Water Street
Binghamton, NY 13901
(607) 725-6983
Foam It Insulation
Of NorthEast, PA
2737 John C. McNamara Drive
Brackney, PA 18812
(570) 663-2757