HOMEPLUS LOAN PROGRAM
ENERGY EFFICIENCY HOME IMPROVEMENT LOANS
Are you using too much energy in your home? Would you
like to replace that aging air conditioner or upgrade your
insulation and reduce your utility bills? If you've answered
yes to these questions, then Altamaha EMC's HomePlus loan
program is a clear choice for you.
You can finance your energy-efficiency home improvements with a
9.9% APR HomePlus loan. The HomePlus loan is offered only to
members of Georgia's participating electric cooperatives through
Go Energy Financial.
To receive this low interest rate, the monthly payments will be drafted from your bank account. As an added benefit, you will become a full-fledged member of Go Energy Financial and you can take advantage of all the services the credit union offers such as checking, bank cards, savings and very competitive auto loan programs.
HomePlus loan funds can be used for virtually any qualifying
energy efficiency improvement to your home. Some of the
eligible items consumers can finance:
- Energy Star rated heating and cooling systems
- Energy Star rated water heaters
- Energy Star rated windows and doors
- Insulation and ventilation for home attics, walls, crawl spaces and basements
- Weatherization items – weather stripping, caulking, duct sealing and insulation
- Energy Star rated roof systems
Energy Star requires that the complete heating/cooling system
meet requirements. Not all replacement heat pump systems meet
the Energy Star requirements. Please ask your contractor to
adhere to the Energy Star requirements for HVAC systems.
What are the rates and available loan amounts?
Please review the chart below.
- Term 24 months; estimated monthly payment of $46.12 per $1,000 borrowed.
- Term 60 months; estimated monthly payment of $21.21 per $1,000 borrowed.
- Term 84 months; estimated monthly payment of $16.56 per $1,000 borrowed.
Loan closing cost is $65, payable at loan closing.
Loan qualification is subject to assessment of individual
creditworthiness and our underwriting standards. All Credit Union loan
programs, rates, forms, and conditions are subject to change at any
time without notice. Subject to certain conditions, loan default rate
may be 16.9% APR. Please speak to your Go Energy Financial loan representative
for available term options.
Who can borrow money?
Anyone who is a member of, and receives their electricity service
from, Altamaha EMC. The home must be in the state of Georgia. Members
of other electric cooperatives may also borrow money if their co-op
offers the program.
When and how can members apply?
First decide on the improvements and the total amount you need to
borrow, then complete the
online application.
How long does it takes to get loan approved?
Loans are generally approved by the credit union within 24-48 hours
upon receiving the completed application. You will be notified by phone
by a representative of the credit union. When your loan is approved and
closed, you will become a member of Go Energy Financial and will be able to take advantage of their full
line of financial services.
Have questions or need more information?
If you are interested in obtaining more information about the HomePlus
program, contact Van Henriott at 912-526-2118 or
toll-free at 1-800-822-4563, ext.118 or Tammye Vaughn
at 912-526-2120 or toll-free at 1-800-822-4563, ext
120.
How are loan funds disbursed?
After Altamaha EMC verifies the completion of the improvements, a
closing is scheduled. Go Energy FInancial issues checks made payable to
you and your contractor at the time of closing. If multiple
contractors are involved in the project, checks will be issued to each
participating contractor.
How are loan payments made?
Your loan payment will be drafted from your bank account each month.
How do I select a contractor?
Altamaha EMC maintains a list of approved contractors who meet our
guidelines for participating in the program. Other contractors may be
added if they meet the program guidelines. Contact Van Henriott
at 912-526-2118 or toll-free at 1-800-822-4563, ext.118
or Tammye Vaughn at 912-526-2120 or toll-free at
1-800-822-4563, ext 120 for a list of approved contractors.
What if multiple contractors are involved in the project?
You will need to obtain all of their bids to determine the total funds
you wish to borrow. For example, you may determine you need $5,000 for
a HVAC system, $4,000 for windows, and $1,000 for insulation. You
should then apply for the total amount needed before moving forward
with the project.
You can apply online right now by clicking the link below.
>>Apply Online by clicking here<<