Yes — we do allow cosigners on residential solar loan applications.
Why a Cosigner May Be Helpful
A cosigner may help if the primary applicant does not meet all of the credit or income requirements on their own.
The cosigner’s credit profile and income are considered along with the primary applicant’s to determine loan eligibility.
Having a cosigner can reduce risk and provide added security for the loan.
Cosigner Requirements
A cosigner must meet the same basic underwriting criteria as the primary applicant (minimum credit score, acceptable debt-to-income ratio, and verified income).
The cosigner is equally responsible for repayment of the loan.
How It Works
During the loan application process, customers have the option to add a cosigner.
Both the primary applicant and the cosigner will need to provide required information and upload income verification documents.
The application is then reviewed considering both applicants’ financial profiles.
Summary
Yes, cosigners are allowed.
They can provide additional support for loan approval and are jointly responsible for repayment. Both applicants must meet underwriting criteria and complete the application process together.