This document provides information about Michigan Saves Home Energy Loans that can be used to fund home upgrades like new windows, furnaces, and air conditioners. It outlines the application process, which starts by selecting a Michigan Saves authorized contractor who will provide an estimate. Borrowers can check MichiganSaves.org to find authorized local contractors and their ratings. Upon approval from Consumers Credit Union, the contractor will complete the energy improvements. Loan amounts range from $1,000 to $30,000 with terms up to 10 years and fixed interest rates as low as 6.49%.

1. Need New Windows? Furnace? Air Conditioner?
Our Michigan Saves Home Loan Program connects you to more than
financing options for your home upgrades. The program makes it easy to find the experts you need
to complete the job. The first step in applying for a Michigan Saves Home Energy Loan is selecting
your contractor. When you select a Michigan Saves authorized contractor, you know they meet the
requirements for licensing, insurance, and third-party certification. Advanced Contractors have
additional technical certifications and are authorized to perform a broader array of services and
improvements.
To choose from the authorized contractors in your area visit MichiganSaves.org, where you'll find
contact information, services provided, and customer ratings. Your contractor will provide you an
estimate based on your energy assessment or choice of qualified energy improvements. Your
contractor will help connect you to your financing options--be sure to ask for Consumers Credit
Union by name and you'll have a decision within minutes! Upon approval, your contractor will make
the energy improvements.
Program Details
Loan type: Unsecured, personal loan. No home appraisal or equity required!
Eligible improvements: Energy-saving improvements pre-qualified by Michigan Saves or those
recommended by a whole-home energy assessment.
Eligible properties: Owner-occupied, single-family (1-4 unit) homes (primary residence only)
Loan amounts: $1,000 - $30,000*
Loan term: $1,000 - $4,999: Term is 1 year for every $1,000 borrowed
$5,000 and up: Terms are flexible up to 10 years
Loan rates: Fixed APR** as low as 6.49%, not to exceed 7%
Loan payments: Michigan Saves loans offer lower monthly payments than most credit cards. The
table below shows approximate monthly payments based on different loan amounts and terms,

2. additional amounts may be available (monthly amounts are estimated to the nearest dollar and
assume APR** of 7 percent).
*Maximum loan amount is $12,500 for some lenders. Ask a Michigan Saves participating lender for
details.
**APR = Annual Percentage Rate. All loans subject to approval. Rates, terms, and conditions are
subject to change and may vary based on creditworthiness and qualifications. See table above for
sample repayment terms.