HEAT Loan

Our HEAT loan program, offered in conjunction with MassSAVE™, provides financing for energy efficiency upgrades to your primary residence.

  • Borrow from $500 to $25,000 for your project
  • Flexible terms up to 84 months with no prepayment penalty
  • Use for new furnace/heating systems, windows, insulation, energy efficient hot water heaters and much more
  • MIT Federal Credit Union members pay 0% APR*

Qualified upgrades are identified during a Home Energy Assessment performed by an authorized MassSAVE™ vendor.

* APR = Annual Percentage Rate. Payment example: A loan of $15,000 with a term of 84 months and an APR of 0.00% has an approximate monthly payment of $178.58. Secured by UCC Lien placed on primary residence. A $2,000 loan with a term of 24 months and an APR of 0.00% has an approximate monthly payment of $83.34.

^ Cost per thousand borrowed uses terms of 24 and 84 months.

Upgrading your home's energy efficiency with a HEAT loan from MITFCU delivers savings to your wallet and for the environment.

  • Low monthly installment payment helps you save money and provides financial stability
  • Promotes eco-friendly, lower fuel consumption and helps you reduce home energy costs