Dividend

Active Markets

• Florida

• Texas

• Missouri

• Ohio

• Iowa

Is the Dividend Loan transferable?

• Yes. Homeowners can transfer their loan to a new homeowner. Requirements below

  • New Homeowner must have minimum 660 credit score

  • ITC (where applicable) has to be paid in  full before transferring the loan

Credit Check

Soft check at prequal, hard check after install

Credit requirements

• Min Credit Score: 660

• Bankruptcies within the last two years disqualify the applicant immediately

• Delinquent payments impact approval odds

Maximum lending amount:

• solar only: $120k

• solar + roof: $120K

• solar + battery: $120K

• for a jumbo loan ($121-$150k) primary applicant needs 700+ credit, and household income must be at least 2x the loan amount.

Maximum PPW:

• solar only: $6.5/watt

• solar + roof: $10.5/watt

• solar + battery: Calculated Separately. $6.5/watt max for solar; $2.5/watt max for battery.

When can homeowners expect their first Dividend payment?

First payment is charged 60 days after install, or once PTO has been achieved; this is based off whichever happens latest to ensure HO does not make payments on the system before its producing power.

What is the reamortization period?

• Dividend loans no longer offer a reamortization period. 

Requirements for NTP from Dividend:

• Dividend loan docs signed

• Kin Home IA signed

• Welcome call if borrower is over 75

• Clear any customer specific stips called out by Dividend

Additional Requirements for KCA from Kin Home:

• Full utility bill

• Call pilot completed and uploaded

• Deal submitted in enerflo

Contact Dividend Sales Support

• Sales Support Line: (844) 572-7218