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In the summer of 2000, while California was experiencing waves of electricity shortages, the Mass Energy Consumers Alliance approached Wainwright Bank with the idea of creating a reduced rate home equity loan to finance home solar energy installations. The Green Loan™ was launched in early 2001 and has since been expanded to include other eligible types of energy efficient home improvements.
For more information, read the article or for more information about solar and other energy efficient initiatives visit Mass Energy.
To Apply, contact us for
an application.
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Borrowers looking to finance energy efficient home improvements with a reduced rate home equity loan. Eligible projects include installation of solar and wind energy systems, energy efficient windows, new septic system, furnace replacement, green roofs, new insulation, improvements using recycled materials, bamboo products and passive heating systems among others. |
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- Fixed rate
terms available for 5, 10 or 15 years.
- Minimum loan amount: $5,000
- Maximum loan amount: $100,000
- No closing costs
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- A .50% reduction on regular Home Equity Loan rates with automatic payments from a Wainwright checking account; .10% rate reduction without automatic payments
- To apply: Call 800-444-BANK (2265), e-mail consumerloans@wainwrightbank.com or stop by any branch location
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Make your banking easier
and save hundreds of dollars by wrapping your personal accounts
and loans together into one simple package. Get more convenience
for less money with features like free checking, free worldwide
ATM transactions, free overdraft protection transfer from a savings or money market account, and lots more! |
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1-4 family primary residences only; not available for homes currently for sale or intended to be sold within 6 months of loan closing; property insurance required; promotional offer is for new loans only and not for refinancing of existing loans with Wainwright Bank; consult tax advisor regarding the deductibility of interest; no closing costs feature is based on use of tax assessed home value - market appraisal fee, if applicable, will range from $350 - $750; a prepayment penalty may apply; see Bank for details.
Please note: Our lending area for loans & mortgages is primarily
Eastern Massachusetts. |
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Open a Value Checking Account with Direct Deposit and Receive a Free $200 Savings Bond!
Introducing Unlimited Free ATM transactions -- Anywhere!
Exclusively for Relationship Package Customers...

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