Admirals Bank Home Improvement and Renewable Energy

Lending Online Loan Application

The individual(s) preparing or submitting this application must be the home owner(s) that is/are requesting financing for a home improvement or renewable energy project that has not yet been started or completed. Admirals Bank does not accept home improvement or renewable energy loan applications that have been completed or submitted by third parties.

The Solar StepDown Loan

Maximum Loan Amount: $25,000 (secured)

  • No equity or appraisal requirements
  • StepDown borrowers may request a one-time re-amortization within the first 24 months from the date of funding to lower their monthly payment. This allows them to pay down the loan with solar tax credits and incentives they may receive.
  • No prepayment penalties
  • Funds disbursed to borrower before work begins
  • Tax deductible interest (consult your tax advisor)
  • Access to a team of renewable energy financing experts

The FHA Title I Home Improvement Loan
Maximum Loan Amount: $25,000 (secured)

  • No equity or appraisal required*
  • 100% upfront funding (money is disbursed before you or a contractor begin work)
  • No prepayment penalties
  • Tax deductibile interest (consult your tax advisor)
  • No seasoning requirements
  • Flexible loan terms


A lien will be placed against the property in first or second position for loan amounts exceeding $7,500. New residential structures must have been completed and occupied for a minimum of 90 days. All loans are subject to credit approval.
Your project must qualify for federal and/or government rebates for incentives in order to re-amortize the Solar StepDown Loan.