Increase your cash flow by refinancing a recent home improvement.

Ygrene financing provides 100% no money down financing to help property owners make energy efficiency, renewable energy, water conservation, and storm protection improvements to residential, multifamily, commercial and agricultural buildings. Ygrene is a provider of Property Assessed Clean Energy (PACE) financing. See below for more specific details on PACE. 

Eligibility for Ygrene is based primarily on home equity, among other factors. No minimum credit score is required for approval - your credit will only be pulled to verify certain underwriting criteria. The credit pull is a soft credit pull and will not affect your credit score. Payments can be spread out up to 30 years (depending on the useful life of the improvement) with no payments for up to 17 months*, subject to date of funding. Interest will accrue after funding. 

Depending on where you live, PACE financing can be used for improvements on commercial, residential, nonprofit, light industrial and agricultural properties. PACE helps communities at all levels by creating green jobs and helping local governments achieve important environmental goals. 

Ygrene's awared-winning PACE program delivers greater choice for home and business owners by providing accessible and affordable financing or refinancing for energy efficiency, resiliency, renewable energy, water conservation, storm protection and seismic upgrades. (Qualifying upgrades vary by state.)

PACE is different from many other financing options because the financing acts as an assessment on the property, which is why eligibility is based primarily on property equity and what you can afford based on your debt-to-income ratio, instead of your credit score. The financing uses the property as collateral and a first priority lien will be placed on the property ahead of other liens including mortgages. The financing is repaid over the financing term through your property taxes. 

To date, PACE has been successfully used by over 220,000 residential and commercial property owners to improve their property's energy efficiency, lower utility bills^^^, protect from hurricanes, and reduce their carbon footprint. By providing over $1 billion of private capital to more than 550 local communities, Ygrene has created thousands of jobs and invested millions into local economies across the U.S. Learn more at ygrene.com. Learn more about how PACE works here.

No, refinancing through Ygrene is not a loan. Although you may have heard of PACE refinancing referred to this way, the term “PACE loan” is actually a misnomer. Unlike loans or revolving lines of credit, PACE is a property assessment. This means that the financing is affixed to your property with a first priority lien ahead of other liens, including mortgages, instead of your personal credit history. It’s also why approval for PACE is primarily based on the equity in your property, which is used as collateral for the financing, as well as your debt payment history**. (Property eligibility for PACE financing varies by state, so requirements may vary.) Repayment is completed through your property tax bill, usually on an annual basis or through a mortgage impound, over the lifetime of your financing agreement.

Eligibility for Ygrene refinancing is based on whether your property is located in a Ygrene service area.

Approval for Ygrene refinancing is primarily based on existing equity in the property as well as other factors like debt payment history. Since PACE is a property assessment, there’s no minimum credit score required and this service will not affect your credit score. 

Payments are due on the same schedule and deadlines as your current property taxes. This applies whether you pay the tax bill directly or monthly through an impound or escrow account. Contact Ygrene Customer Care for more details.