Not your normal Solar Flashcard

Front

True or False for Leases: There are no DTI, payment-to-income, or minimum income requirements.

Back

True

Front

What happens if the FICO score is below 700 for GoodLeap's LOAN underwriting?

Back

If the FICO score is below 700 for GoodLeap's underwriting, it may result in higher interest rates, additional fees, or a denial of the loan application.

Front

True or False: Co-borrowers aren't allowed in GoodLeap's underwriting process.

Back

False

Front

True or False: Manufactured/mobile homes are allowed if they own the land and are double-wide HUD certified.

Back

True

Front

Goodleap: What is the Max kWh for Solar Only projects in FL with Duke utility?

Back

$0.18

Front

What is the minimum accessory loan with Goodleap Home Improvement Loans?

Back

$1,000

Front

Goodleap: Which of the following is a benefit of the lease terms? 25-year lease with buyout option after year 5, 85% production guarantee (FL only), Battery Guarantee: 25 years, with free replacement after 10 years, All of the above

Back

All of the above

Front

Goodleap: Are second homes allowed? What about second systems?

Back

Second homes are allowed, but not second systems.

Front

Dividend: Can a homeowner use the loan for non-solar upgrades?

Back

Yes, up to 50% of the loan can go toward roofing, HVAC, or energy efficiency upgrades.

Front

Dividend: How many reamortization opportunities does the homeowner have? 3 reamortization opportunities exist throughout the loan’s lifetime.

Back

Payments stay low if the tax credit is reinvested.