1. The borrower should inform the lender that the borrower is considering transferring the solar loan to the homebuyer.
2. The homebuyer will be asked to complete a credit application. To be able to transfer the loan, the homebuyer will need to meet the lender’s credit requirements.
3. If the homebuyer meets the credit requirements, the homebuyer will need to sign a loan agreement in the outstanding loan amount.

The borrower should contact their lender as soon as possible before closing date to avoid delays.