Home Energy Loans

Home Energy Loans in Washington

Craft3’s Home Energy Loan offers low fixed rates and low monthly payments, and convenient utility-bill repayment in most places. Applicants who pay their utility bills regularly may be eligible for a loan even with a less-than-perfect credit score.

How it works

  1. Apply for a loan
  2. Work with a program approved contractor to finalize a bid
  3. Sign your loan documents electronically before work begins, nothing to mail. Up to 50% of the finance amount may be available up-front to contractors
  4. Craft3 pays your contractor the remaining balance after the energy upgrade and quality oversight check are complete
  5. Repay your loan through your primary heat source utility bill

Available Programs

NW Natural Washington On-Bill Repayment Program

Craft3 partners with NW Natural to offer Home Energy Loans to homeowners in Clark, Skamania and Klickitat Counties whose primary heat source fuel is provided through NW Natural Gas.

Sample Loan Terms
Loan Amount $2,500 - $7,500 $7,501 - $15,000
Example $6,000 loan;
$83.37 per month		 $12,000 loan
$91.74 per month
Interest Rate 4.49% rate/APR 4.49% rate/APR
Term Up to 7 years Up to 15 years
Fee None None
Security UCC1-A (loan secured with your home)
Pacific Power

Craft3 partners with Pacific Power to offer Home Energy Loans to homeowners throughout Pacific Power's Washington service territory whose primary heat source fuel is provided through Pacific Power.

Sample Loan Terms
Loan Amount $2,500 - $7,500 $7,501 - $30,000
Example $6,000 loan;
$83.37 per month		 $12,000 loan
$91.74 per month
Interest Rate 4.49% rate/APR 4.49% rate/APR
Term Up to 7 years Up to 15 years
Fee None None
Security UCC1-A (loan secured with your home)
Seattle City Light

Craft3 offers Home Energy Loans to Seattle City Light customers. Special reduced rates for households earning up to 80% of the Area Median Income*.

Sample Loan Terms
Loan Amount $2,500 - $7,500 $7,501 - $30,000
Example $6,000 loan;
$80.61 per month (3.49%*/APR)
$83.37 per month (4.49%/APR)		 $14,000 loan
$81.12 per month (3.49%*/APR)
$85.50 per month (4.49%/APR)
Term Up to 7 years Up to 20 years
Fee None None
Security UCC1-A (loan secured with your home)
*Seattle Area Median Income Chart
  3.49% APR
 4.49% APR
Household Size
 Household Income
 1  up to $48,550  over $48,550
 2  up to $55,450  over $55,450
3  up to $62,400  over $62,400
 4  up to $69,300  over $69,300
 5  up to $74,850  over $74,850
 6  up to $80,440  over $80,440
Programs and pricing are effective as of 1/1/18 and are subject to change without notice. All loans are subject to qualification, and additional criteria and/or documentation may be required apply. Not all applicants will qualify.

Craft3 Loan Details

Loan Features

  • Finance 100% of your project with no up-front costs
  • Eligible credit scores as low as 590
  • No rate increases for lower credit scores
  • Easy repayment on your utility bill
  • No fees, extra costs or prepayment penalties

Learn More

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Craft3 is an equal opportunity lender and employer.
NMLS ID 390159 Click to view NMLS Consumer Access
The completion of an application does not guarantee loan approval or receipt of loan funds.
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