energy right® Program

Heat Pump Loan Application

Applicant/Co-Applicant Information

o New Home o Retrofit

If Applicable: o Landlord o Manufactured Home

*Applicant’s Name ___________________________________________ SS# _______________________ Date of Birth ________________

(*Applicant must be the legal owner of home where heat pump is to be installed.)

Co-Applicant’s Name _________________________________ SS# ___________________________ Date of Birth _____________________

Installation Address: Mailing Address (If different):

Street Address _______________________________________ Street Address _________________________________________

City ________________________________________________ City _____________________________________________

State ______________ Zip _________________ State ___________ Zip ____________

Home Phone (____) __________________________ Work Phone (____) _____________________________________

(Please return with copy of driver’s license of all applicants)

Power Distributor Information

Power Distributor Name Tullahoma Utilities Board______________________ ID# __224___________

Customer Number _________________________________

QCN Member Name __________________________________ ID# _____________

by _______________________________

(QCN Member Representative Signature)

Loan Request

Heat Pump:

Brand: ___________ Tonnage: ______

Type:  Split  Package  Advanced

# Number of units__________

Interest Rate___________

Ductwork:

Wiring:

Weatherization:

Other (Please describe): _______________

 

Total Installed Cost:

 

$ ____________________________________

 

 

$ ____________________________________

$ ____________________________________

$ ____________________________________

$ ____________________________________

 

$ ____________________________________

By signing, Applicant(s) certify: (1) for financing heat pump(s) in a new home I have not and will not mortgage more than 85% of the value of the new home; I understand that the program financing will involve security arrangements which may make it more difficult to obtain construction financing, permanent (1st mortgage) financing, or other financing for the new home; and I understand that I must provide and maintain satisfactory security arrangements for the program financing. (2) No work for which financing is requested has been started, and I have informed the QCN member of any outstanding amount I owe on a distributor/TVA Heat Pump Program loan. (3) I understand that providing my social security number is not required to be considered for program financing, but will assist in making an informed judgment concerning my application and is needed to expedite consideration of my application. (4) Everything that I have stated in this application is correct to the best of my knowledge. I understand that you will retain this application whether or not it is approved. You are authorized to check my credit and employment history and to answer questions about your credit experience with me.

Applicant’s Signature ________________________________________________________ Date _________________________

Co-Applicant’s Signature _____________________________________________________ Date _________________________

Bank Use Only

Loan Approved ________________ Date ___________ Loan Approval Number ___________

Loan Declined _________________ Date ___________