Solar Loans
Get financing of up to $50,000 for your solar energy project
Qualifying FICO Scores |
|||
| Term | 740 + Outstanding |
720-740 Excellent |
680-719 Very Good |
|---|---|---|---|
| 5 years | 5.50% APR | 6.00% | 7.50% |
| 10 years | 6.50% | 7.00% | 8.50% |
| 15 years | 7.50% | 8.00% | 9.50% |
Features
- No equity or appraisal required
- No contractor fees
- Quick pre-qualification
- 100% upfront funding
- No prepayment penalties
- Flexible loan terms
- Tax deductible interest*
- Credit Union will place a UCC lien against the solar equipment and a lien will be placed on the property.
Documents needed for Approval
- Signed and dated application
- 2 years W-2's (each borrower)
- Most recent pay stub
- Recent Mortgage statement
- Letter of explanations for any derogatory credit if applicable
- Proof of any open collections paid if applicable
- Estimate describing work to be done and cost
*Lien will be placed against the property in second or third position. Newly constructed homes must have been completed and occupied for a minimum of 90 days. This is not intended to be legal or tax advice, please consult your tax advisor or attorney for details. All loans subject to credit approval. 12/2/2014
