Solar Loans

Rates listed below reflect a 0.25% rate reduction for automatic payment from any bank account.

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Loan Requirements

• Eligible Products: Solar, Battery Storage, HVAC, Windows, Doors, Roofing (must be combined with Solar)

• $10,000 minimum loan amount for the 12, 15 and 20 year terms. Maximum loan amount is $100,000.

• UCC-1 fixture lien filed for all loans. This fee is added to the loan amount (typically between $100-$300).

• All homeowners on Deed of Trust must be on loan application.

• Equifax for credit reporting. We use the highest score of the borrowers on title.

• Signed copy of contract that includes payment disbursement schedule.

• Minimum credit score requirement is 680.

• Income verification required on loans > $50,000 and/or credit scores < 700.

• Debt-to-Income ratio limits: 700+: < 50%, 660-699: < 45%, 630-659: <40%

• Second homes allowed; Rental properties allowed with a maximum loan amount of $50,000.

• Homes in a Trust allowed, but we need Certification of Trust.

• No prepayment penalties.

• One-time free re-amortization over life of loan. $150 fee for subsequent re-amortizations.

• Loan approvals good for minimum of 60 days. After 90 days, credit will have to be re-pulled.

• First payment due date can be up to 45 days from the loan date.