Loan Particulars and Incidental Costs All eligible project costs can be financed with a loan. However, the total amount borrowed by any one individual, business or organization may not exceed the limits listed. A borrower may choose to finance less than 100% of the cost of the improvements. Loans can only be made for the cost of goods and services, not for labor provided by the borrower. The only fees a participating lender may charge are out-of-pocket expenses, a physical inspection fee of up to $75, a loan fee to cover indirect or overhead costs up to $75, a 1% origination fee if the term of the loan is for at least seven years and a 2% origination fee if the term of the loan is for the maximum length of time — ten years for home, building and system improvements, five years for appliance replacements and the simple payback period rounded up to the nearest year for projects requiring an energy audit. Maximum length of the loan may vary for Loan Particulars and Incidental Costs other types of projects. Consult the specific application form for the maximum length of the loan. Also, the maximum length may be determined by the minimum monthly payment requirement: $25 for appliances and home and office equipment and $50 for all others. If a lender charges any of these fees, the final annual percentage rate on your loan may be higher than the program’s simple interest rate. Only legal residents of Nebraska may apply for loans. A legal resident is a Nebraska taxpayer, a Nebraska partnership, a Nebraska-chartered corporation, a subdivision of Nebraska government (except public school districts) or a person who has maintained a permanent residence and lived in the state for more than six months. Residency requirements may differ for ENERGY STAR® business or non-profit partners. All buildings and systems being improved must be located in Nebraska.