Can a loan be transferred if the consumer sells the home?
Learn about the consumer’s options when selling the home, including transferring the loan
What happens if I sell my home?
When you sell your home, you have two options:
- The most common choice is to pay off the remaining balance on the loan and sell the home with the added value of a paid-off solar system.
- The second option is to ask the homebuyer to apply to take over the loan payments where you left off – this is called transferring the loan. You can only do this if the homebuyer meets all the lender’s credit criteria to take over the balance of the loan.