When Can a Homeowner Pay Off Their Loan?
After the Loan Is Fully Funded
A homeowner may pay off their loan at any time once the loan is fully funded
This includes:
Shortly after installation
After PTO
Any time after funding is complete
Are There Prepayment Penalties?
No prepayment penalties
No minimum hold period
No limits on how early a homeowner can pay off the loan after funding
What Installers Should Tell Homeowners
Once the loan is fully funded, they are free to:
Pay off the loan in full
Make early principal payments
There are no fees or penalties for early payoff
For exact payoff amounts or instructions, homeowners should contact the bank directly
Important Notes for Installers
Installers do not control or approve payoff timing
Payoff questions should be directed to the bank once funding is complete
This policy applies regardless of how soon after installation the customer wants to pay