Can I Finance a New Heating and Air Conditioning System?

Investing in a new heating and air conditioning system is for many people, an unplanned expense. Fox Family Heating and Air Conditioning has several choices when it comes to financing your home improvement. We work with different lenders to be able to provide an affordable financing option that works best for you.

When you choose to finance your HVAC system replacement using one of Fox Family Heating and Air Conditioning lenders, you will get a superior product, quality installation, and unmatched warranties, at a reasonable monthly payment that fits your budget.

Synchrony Bank

Our most popular choice is traditional financing through Synchrony Bank. Synchrony allows you to choose the interest rate and payment term you prefer from four different options, including an option for interest-free financing for 18 months. The application process is quick and easy, with instant credit decisions.  The process involves two steps. First, you will walk through a simple credit application with the technician, and once approved, Synchrony will email you a financing agreement with the payment terms you choose, for your acknowledgment. This is all handled electronically, and the entire process takes as little as ten minutes.

There is no minimum requirement for credit, so this option is not limited to new systems – it can also be used to finance those unexpected HVAC repairs.

SMUD Financing

As a registered SMUD contractor, we can assist with your application for a secured, home performance installment loan through SMUD. They offer 6.99% APR for a 10-year loan. In order to apply for SMUD financing, you must be a current SMUD customer with a clean payment history and have no bankruptcy or foreclosures in the past 36 months.

YGRENE

This program allows you to make energy-efficient improvements to your home using PACE (Property Assessed Clean Energy) financing.  PACE pays 100% of your project’s costs.  You repay these over a term of up to 20 years via an assessment on your property tax bill.   Approval is not based on your credit score, but rather the equity in your home. The requirements are a minimum of 15% equity in your home, no bankruptcy or foreclosures in the past 36 months, and you must be current on your mortgage and property tax. In some cases, you can get payment deferment for up to 18 months with this program.   The minimum purchase amount is $5,000.

Contact Fox Family today to get started!

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