Sunlight Loan

Sunlight Financial is a leading financial services provider that has been in the solar industry for over 10 years. With its innovative solutions and dedicated team, Sunlight Financial has become one of the most trusted names in the industry. It offers a range of personalized services that can meet all of your financial needs. Sunlight Financial also provides helpful advice and guidance to help you make smart decisions when it comes to your finances.

Sunlight Financial was founded in 2014 by Neil Auerbach and Wilson Chang. Their concept was to provide a more convenient solar financing solution. They hoped to unlock a noteworthy market opportunity by promoting simple designs, easy implementations, and high-value outcomes for consumers.

Sunlight Loan Underwriting Guidelines

• 700 FICO+ = 100k approval
• 650-699 FICO = 70k approval
• 600-649 FICO = 40k approval
• 55% Debt to Income with no Debt-to-Income requirement for over 700 FICO
• Accurate prequalification soft credit check tool (optional) using name, address, income and customer consent
• Primary borrower must be on the title of the home
• Co-borrowers accepted and do not need to live at the property
• Financing Available for single family residences, 2nd homes, ground mounts, trusts (revocable and irrevocable), multi-family, modular homes, rowhomes, townhomes, mobile and manufactured homes in a permanent foundation, and agricultural property with residential meter
• No LTV requirement
• Sunlight can additionally finance any type of residential Home Improvement

Sunlight Loan Overview

• Fixed APR for the life of the loan
• Customer payment terms and structure:
  • First payment not due until 60-75 days after installation
  • Fixed payments, assuming 30% prepayment by month 18
  • Fixed interest rates, even if no prepayment is made by month 18
  • Ability to put down more than the 30% by month 18 to decrease monthly payments
  • No pre-payment penalties
• No lien on borrower’s home – loan secured by the solar system
• $6/W max for standard solar loan; $10/W for solar plus battery

Process

• No Confirmation Call
• Unlock Credit Freeze – Call Experian at 888-397-3742
• Call 888-502-0325 for any support or to clear a stipulation

Sunlight Loan Contact Information

(888) 850-3359

New York
234 W. 39th Street
7th Floor
New York, NY 10018

Charlotte
101 N. Tryon Street
Suite 1000
Charlotte, NC 28246