Financing Options
Financing Options | HVAC Unit Replacement | Heating and Air Conditioning | Corryton
Need a new system, but worried about the upfront cost? HEP’s flexible financing lets Corryton homeowners swap out inefficient furnaces or faltering A/Cs today and pay over time—often with same-day approval and zero-down options. You pick the plan that fits your budget; we handle the paperwork, schedule your install, and back it all with industry-leading warranties. Lower monthly payments plus lower energy bills means your wallet feels cooler, too.
From first inspection to final walkthrough, our local techs keep you in the loop so there are no surprises—just year-round comfort and confidence in a brand-new system. Ask us how an HVAC unit replacement can qualify for promotional rates, rebates, and seasonal specials, and discover why Corryton families have trusted HEP for hassle-free heating and air solutions for over three decades.
FAQs
What financing programs are available for HVAC unit replacement in Corryton?
We partner with several national and local lenders to offer a range of options, including 0 % APR promotional plans (typically 6–18 months), fixed-rate installment loans with terms from 36 to 120 months, and “buy now, pay later” deferred-payment plans. All loans are unsecured, so no home equity is required, and they can cover the full cost of equipment, installation, permits, and any ductwork upgrades.
Who is eligible to apply for HVAC financing?
Most Corryton homeowners who are U.S. citizens or permanent residents, at least 18 years old, and have a verifiable source of income can apply. Approval is credit-based, and lenders generally look for a minimum FICO score of 600, a debt-to-income ratio below 50 %, and no recent bankruptcies. If your credit is limited, a co-applicant can often help you qualify or secure a lower rate.
How do I apply and how long does approval take?
The application is completed online or in-person on a secure tablet during our estimate visit. You’ll enter basic personal, employment, and housing information and authorize a soft credit pull (which will not affect your score). Most customers receive an approval decision within 30-60 seconds. Once approved, you electronically sign the loan documents and we can schedule installation immediately.
What interest rates and repayment terms should I expect?
Rates depend on credit profile, loan amount, and term length. Fixed APRs usually start around 5.99 % for well-qualified borrowers and range up to 17.99 % for lower credit tiers. Term options are flexible—3, 5, 7, or 10 years—so you can choose a monthly payment that fits your budget. Promotional 0 % plans require payoff before the promo period ends to avoid deferred interest.
Can I combine financing with utility rebates, tax credits, or manufacturer promotions?
Absolutely. Financing covers your out-of-pocket cost after any rebates or incentives are applied. We help you file for TVA or KUB energy-efficiency rebates, current federal tax credits (up to $2,000 for qualifying heat pumps), and seasonal manufacturer cash-backs. Your loan amount can be reduced by these incentives, or you can use the savings to pay down the principal early.
Is there a penalty for paying off my loan early or making extra payments?
None of our lending partners charge prepayment penalties. You can make additional principal payments at any time or pay the balance in full without fees. Doing so lowers the amount of interest you’ll pay over the life of the loan and can shorten your repayment term significantly.