Home energy upgrades get U.S.-backed loans
Home owners who have a good credit scores, manageable debt and some equity in their homes can get “PowerSaver” loans. These loans are below market rates. The home owner will use this loan to make their house more energy efficient. This will help people save on their energy bills and create more jobs in construction. This is to also help the economy.
“The Federal Housing Administration will cover up to 90% of the loans’ amount in the case of default, leaving the remaining risk to the lenders.”
Read the full article here: Home energy upgrades get U.S.-backed loans
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