From the Teller Line: Green Home Improvement

Let’s make your home smarter.

Consider using a home equity line of credit (also known as a HELOC) to pay for smart home upgrades and repairs. A HELOC allows you to essentially use the equity in your home to improve your home.

The home improvements with the best returns are often environmentally friendly, energy-saving projects. Below are some eco-friendly home improvement ideas that you may want to consider with a Signal HELOC:

    1. Solar roof panels – Solar panels are a big upfront investment with a big pay-off. Even a single panel will allow you to offset your energy consumption and lower your energy bill, while increasing the value of your home. 
    2. Green flooring – Because it’s made with natural materials, linoleum can be an attractive alternative to wood, which is causing massive deforestation in Central America and Africa. Stained concrete, bamboo and recycled tile are also popular eco-friendly materials.  
    3. Upgrade Current Appliances and/or HVAC – Older appliances tend to be very inefficient when compared to newer, energy-conscious models. Switch to a highly efficient, eco-friendly option like a geothermal heating HVAC unit for maximum benefits to your carbon footprint and your budget.

    4.  Double Pane Windows – Double pane windows can reduce energy usage by up to 24% in colder climates during the winter, and up to 18% in warmer climates during the summer months when compared to older, single-pane models.

Fund Your Smart Home Upgrades with Signal
Apply for a home equity line of credit (also known as a HELOC) to cover energy-saving upgrades to your home! From Energy Star appliances to solar panels and much more, we can get you started with a 2.99% APR* introductory rate for the first 6 months.


*Signal Financial Federal Credit Union Home Equity Line of Credit (HELOC) refers to an owner-occupied residence. HELOC products are not available for investment properties. The maximum combined loan-to-value (CLTV) on home equity lines of credit is 90%, which assumes that the total of all existing loans amount does not exceed 90% of the appraised property value. For loans with a CLTV greater than 80%, higher rates will apply. The Annual Percentage Rate (APR) for variable rate loan products may increase in accordance with the Wall Street Journal Prime Rate (“Index”, currently 3.25% as of March 16, 2020), plus a Margin after the 2.99% APR introductory rate for the first 6 months has expired. The maximum APR at any time is 18.00%. A minimum initial draw of $10,000 is required. Other terms and conditions apply. Appraisal, recordation taxes, and other closing costs may vary depending on different factors such as the property location, the loan amount requested, the fair market value, and the CLTV ratio. Total closing costs will be at the expense of the borrower. An appraisal fee refund is available to members enrolled in a Premium Bundle, with a qualifying mortgage loan. For information about the Premium Bundle, please visit: signalfinancialfcu.org/bundles. Credit is subject to approval. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change at any time without notice. Please consult with a loan officer at 301-933-9100 ext.104 for more information on a Signal Financial Home Equity Line of Credit.

Apply for a home equity line of credit to cover energy-saving upgrades to your home! From Energy Star appliances to solar panels and much more, we can get you started with a 2.99% APR* introductory rate for the first 6 months.