Assuming a Solar Loan for a home you are purchasing?
Below you will find a Solar Assumption Checklist which includes items you will need to provide or information you will need to make available once you make your request.
A minimum of 5 business days from final approval is needed prior to close of escrow to prepare the solar assumption documents.
Solar Assumption Checklist
You can download and print the solar assumption checklist here
Buyer
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Copy of Purchase Agreement |
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Copy of new Note verifying balance and payment of new mortgage |
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Current paystubs for all borrowers |
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Establish Membership |
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Copy of Closing Statement (when selling a home concurrently) |
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Name of Escrow Co., Escrow #, contact with phone number, and Close of Escrow date** |
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$150 assumption fee |
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Estimated mortgage payment on new purchase loan |
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Final payment and interest due from seller a full 5 business days prior to close escrow date |
Buyer and Seller
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Signed agreement for amount to be assumed |
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Final payment and interest due from seller a full 5 business days prior to close escrow date |
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Escrow Company |
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Escrow # |
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Escrow Officer |
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Escrow Officer Email |
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Escrow Officer Contact Phone Number |
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Close of Escrow Date |
Please obtain copy of Note from Seller for the term and rate you are assuming.