Eligibility

• What are the eligibility criteria for HERO Financing? Homeowners who meet the minimum criteria below are eligible for HERO Financing. Specific eligibility requirements for residential properties include the following:
  
  
  • All mortgage-related debt must not exceed 90% of the value of the property.
  • Mortgage payments must be current at the time of application, and property owner(s) must not have had more than (1) 30-day mortgage late payment over the past twelve months.
  • Property taxes must be current and there must be no more than one late payment in the past three years.
  • No outstanding involuntary liens, such as tax liens or mechanic's liens.
  • Property owner(s) must not have had any active bankruptcies within the last seven years, and the Property must not be an asset in an active bankruptcy. However, if a bankruptcy was discharged between two and seven years prior, and the property owner(s) have not had any additional late payments more than 60 days past due in the last 24 months, the property owner may be approved.
  • Mobile homes must be permanently attached to the property and the owner of the underlying property must be the applicant and be subject to real property taxes

HERO: The Home Energy Renovation
Opportunity Program. Making the energy-efficient choice the affordable choice for more
property owners in California.

• Save Money-Lower utility bill, increased property values, and payments may be tax deductible.

• Community Partnership-In partnership with your local government, HERO provides an affordable way
  to finance energy efficient upgrades.

• Easy Approval-Apply in minutes! Approval is instant, and most homes qualify.

• No Upfront Costs-Financing covers 100% of project costs, isn't based on credit scores,
  and is repaid through your property taxes.
• There are no fees to apply for HERO Financing.