Make your home healthier, safer, and more efficient with an unsecured, low-interest rate loan from LEDC’s NextGen Fund!
LEDC approves people based on their ability to pay, not their credit score. Unsecured personal loans for home improvement projects. No minimum credit score, no income limits (minimum or maximum), and no minimum asset or home equity required.
Unsecured Loan Products & Rates:
- Loan Amount: $3,000-$25,000 (up to $50,000+ for solar products)
- Interest Rate: 5.0%-9.99% fixed (6.5% to 6.99% for solar products)
- Terms: 3-10 years (up to 15 years for solar products)
- Fees: Origination Fee 2.5% (1.25% military discount)
- Project Coordination Fee: 2.99%
Eligibility:
- Primary Applicant must be the owner or next of kin of the residential subject property
- Home must be located in (Maryland, DC or Virginia)
- Applicant(s) must prove ability to pay (i.e., Employment income, Social Security, Disability, etc.)
- Property Taxes must be current
- Home Mortgage loans must be current (with proof)
- Primary Applicant cannot have a bankruptcy in the past 12 months
- Co-signer or cash collateral may be required depending on the Applicant(s) previous payment history
Eligible improvements include Energy Efficiency, Conservation, or Renewable Energy projects as well as solar PV. (e.g., high-efficiency A/C, tankless water heaters, insulation, solar attic fans, solar water heaters, solar AC, etc.)
Eligible improvements:
- Solar products
- Sewer and water
- Storm resilience
- Roofing
- Weatherization and insulation
- Lighting
- Health and safety
- Disability products
- Air conditioning
- EV chargers and electric generators
We provide home improvement loans for everyone, starting at 5.0% unsecured.
No Minimum Credit Score: We offer loans based on your ability to repay, not your credit score. Had trouble before? Let us help.
Trusted Contractors: LEDC assists in getting your quality project completed. We pre-screen all contractors, check pricing, and provide project coordination from start to finish.
A Mission to Help: LEDC is a non-profit organization with a mission to help homeowners from all walks of life enjoy safer, healthier, and more comfortable, efficient homes. We also help homeowners save money on their energy and insurance costs.
LEDC approves people based on their ability to pay, not their credit score. We lend to manufactured homeowners. Mobile homes that are affixed to the ground qualify (not mobile homes with license plates).