Energy Savings Loan
Enhance your home's energy efficiency with CHAI’s Energy Savings Loan!
We offer up to $20,000 at a 0% interest for qualified energy-savings repairs and upgrades to income-eligible homeowners in northwest Baltimore. Check your eligibility and learn more below!
Features of the Energy Savings Loan
· No minimum homeownership duration required.
· Zero-interest rate for the life of the loan.
Eligibility Requirements for the Energy Savings Loan
· Household income, including income from all adults (18+) living in the home, must not exceed 150% of Area Median Income (AMI).
· Appraised value of home may not exceed $483,900.
· Reside in Cheswolde, Cross Country, Fallstaff, Glen, Mount Washington, Owings Mills, Pikesville, Randallstown, or Reisterstown.
· Minimum credit score of 620.
*To qualify for a second CHAI loan, a 12-month payment history is required.*
Additional criteria may apply. Learn more about the eligibility requirements for the Energy Savings Loan below.
Please Note:
- Eligibility for a CHAI loan does not guarantee approval.
- CHAI loans are secondary mortgages secured by your home, with a Deed of Trust recorded in the appropriate Land Records jurisdiction.
- Borrowers are required to maintain Homeowners Insurance, listing CHAI as an additional mortgagee.
Start Your Eligibility Check
Answer a few simple questions about your household income and the location of your home to determine if you reside within our general service area. If your answers meet our criteria, you will receive a link to our application. If you're unsure about your answers or feel that you may have answered a question incorrectly, please don't hesitate to reach out to us for confirmation at khobbs@chaibaltimore.org.
“Everything we’ve ever done with CHAI has been professional and thorough. They are well-run and efficient and what they say they are going to do, they do.
