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Residential financing

Affordable financing for home improvements

IEIF residential financing is designed to make important home improvements more accessible by helping homeowners manage the costs of projects that improve comfort, efficiency, safety, and the long-term value of their homes..

Loan amounts
$500–$50,000
APR range
6.99–7.99%
Terms up to
20 years
See eligible improvements How financing works
Why finance an improvement

Upgrade your home without the upfront cost

Lower utility costs

Energy-efficient upgrades can help reduce your monthly energy bills.

Improve comfort at home

Better heating, cooling, insulation, and windows help keep your home comfortable year-round.

Address needed repairs sooner

Financing can help you complete important repairs without delaying the work.

Invest in your home

Upgrades and improvements can add long-term value to your property.

Rates and terms

Fixed-rate, unsecured financing

Everything you need to know about qualifying, loan terms, and what to expect.

  • Loan amounts range from $500 to $50,000
  • Available to homeowners with FICO scores of 580 and up
  • APRs from 6.99% to 7.99%, with terms up to 20 years
  • Eligible for owner-occupied residences with up to four units
  • Flexible terms, with debt-to-income ratios up to 50%
  • Low- to moderate-income and credit-challenged homeowners encouraged to apply

*Offers and rates are subject to change without notice.

Maximum APR by term

Loan termMaximum APR
5 years6.99%
7 years7.49%
10 years7.49%
12, 15, or 20 years7.99%
Eligible improvements

What home improvements are eligible?

Financing supports a wide range of energy, comfort, health, safety, accessibility, water, and resiliency improvements, from HVAC and insulation to accessibility upgrades and ENERGY STAR® appliances. Tap a category to see what’s included.

Energy-efficient HVAC
  • Heat pumps
  • Furnaces and boilers
  • Water heaters, including tankless
  • Solar thermal
  • Smart thermostats
  • Duct sealing and insulation
Insulation and weatherization
  • Attic, wall, and floor insulation
  • Air sealing
  • Insulated siding
  • Insulated mobile home skirting
  • Weatherization
Lighting and electrical
  • Lighting and controls
  • Electrical upgrades or repairs for electrification or solar
  • EV charging stations (Level 2)
  • Home generators
Roofing, windows, and doors
  • Tile, shingle, and metal roofs
  • Reflective and green roofs
  • Roof repair and reinforcement
  • Roof soffit vent sealing and flashing
  • Windows and exterior doors
Renewable energy
  • Solar photovoltaic systems and any necessary roof upgrades
  • Energy storage
  • Geothermal
  • Wind turbines
Water, septic, and sewer
  • Low-flow faucets, showerheads, and toilets
  • Septic-to-sewer conversion
  • Septic tank
  • Sewer lateral line replacement
  • Irrigation, sprinkler heads, and rain barrels
  • Water remediation
Health and safety repairs
  • Asbestos abatement (with a qualifying boiler, furnace, or water heater)
  • Mold and mildew removal
  • Radon abatement (with qualifying building improvements)
Disability and accessibility
  • Assistive technologies
  • Doorway and hallway widening
  • Stair lifts
  • Walk-in tubs and showers
  • Wheelchair ramps
ENERGY STAR® appliances
  • Refrigerators
  • Washers
  • Heat pump dryers
  • Dishwashers
  • Freezers

Specific project eligibility may vary based on scope and financing review. Other related upgrades, such as tree removal or trimming needed for rooftop solar, are limited to 25% of the total project amount financed.

Download the full list (PDF) Or view the detailed measure list
How it works

How the process works

Plan your project and get a quote

Choose an IEIF-authorized contractor to scope your project and provide a quote. Your contractor can also guide you through the next steps.

Apply for financing

Call a participating credit union to apply. You’ll answer a few quick questions about your home and project to see if you may be eligible.

Complete the project

Your contractor completes the work as planned, helping improve your home’s comfort, efficiency, or safety.

Project verification

Once your project is complete, your contractor will receive final payment after you confirm you're satisfied with the work.

Find an authorized contractor Contractor not on the list? They can apply here
Apply

Ready to apply for financing?

Once you have a project estimate, call a participating credit union to begin the application process.