An update on COVID-19 related impacts to our programs

FAQ Title Label
There are many loan products in the marketplace, why should I recommend REEL to my customers?
FAQ Property Type
Residential
FAQ category
Contractor

The REEL program offers some benefits not found in any other loan products.

  • Ability to finance 100% of the project costs
  • No lien against the property
  • Access to lower rates specifically designed for REEL
  • Product choices with no loan fees, closing fees, processing or underwriting fees
  • Integrates with investor-owned utility rebates/incentives to give greater savings
  • Administered by the State of California
  • Developed in partnership with the investor-owned utilities Pacific Gas and Electric, Southern California Edison, SoCalGas and San Diego Gas & Electric
  • Flexibility to allow 30% of the financed amount to fund other home improvements