Power Pro Solutions - Credit Human

Portal access

HDM

Yes

ITIN number NOT allowed, only social security number

PPW

No PPW Caps

Processing Fees

Solar Loans: $495
All Other Loans: $475

Loans - Same as Cash With Payments

Loan Amounts Minimum: $2,500 / Maximum: $30,000

Promotional Periods: 12 / 18 / 24 / 36 Months

Minimum Payments Required During Promotional Period

Interest Rate: 14.99% – After Promotional Period

Payment Factor: 1.75% of Original Balance

First Payment Date: 45 Days from Date of Funding

No Prepayment Penalty

Target Audience: Customers who prefer a 0% interest rate option and plan to repay before promo expiration

Note:
If the loan is not paid off during the promotional period, interest will be calculated on the original balance from date of booking and added to the loan balance. After the expiration of the promotional period, the borrower(s) will be charged an interest rate of 14.99% until paid in full.

Loans - Unsecured Term

Loan Amounts Minimum: $2,500 / Maximum: $30,000
Term: 60 & 84 Months
Interest Rate: 9.99%
Payment: Varies Based on Loan Amount
First Payment Date: 6 months from Date of Funding
No Prepayment Penalty
Target Audience: Customers who prefer a short-term loan
Note: Interest will begin to accrue on the outstanding balance on the date the loan is funded.

Application Process

Credit Inquiry

Type: Hard Credit Pull at Time of Application

Primary Credit Bureau: Equifax
Secondary Credit Bureau: TransUnion

Note: If applicant states they have a credit freeze/lock, please advise them to remove before applying as this will delay decisioning

System Decisioning

Instant Approval

Credit Scores: 680+ while meeting Underwriting Standards
DTI: Up to 55% (Unsecured) and up to 60% (Secured)

Pending

Credit Scores: 650 – 679

Instant Decline

Credit Scores: 649 and below

Home Ownership

Applicant(s) must be legal owner of property where work is being completed

Primary Residence:
Rental / Vacation Properties (reviewed on exception basis)

Homes listed in a trust or LLC are eligible for Credit Human Loans

Verification Required

If we are unable to validate home ownership through the local appraisal district or land records, which typically occurs if the home was recently purchased or built, we will require the HUD statement from closing

Dealer Employees are ineligible for Credit Human Loans

Income

No Household Income
All individuals must be on the application for their income to be considered
Maximum of 2 applicants
Verification of Income
Loan Amount less than $85,000 – Underwriter Discretion
Loan Amount over $85,000 – Required
Verification Methods
30 Days of Pay History
2 Years of Tax Returns (if self-employed)
Approvals are valid for 180 days
Approvals outside 180 days are subject to a new credit pull and available plans/pricing
Dealer must inform customers that a new credit pull will be required to request an extension
To request an extension, email:
shunderwriting@credithuman.com

Approval Window

Approvals are valid for 180 days
Approvals outside of 180 days are subject to a new credit pull and available plans/pricing
Dealer must inform customers that a new credit pull will be required to request an extension

To request an extension, send an email to:
shunderwriting@credithuman.com

Credit Human

Loan Documents

Once an application is approved, Credit Human will send out loan documents via DocuSign
The dealer will receive an email once documents have been completed, and this can also be verified in the Financing Portal

Mobile Homes

Mobile homes are handled on a one-off basis. The applicant must own the home and land, and the LTV can’t exceed 100%.

Change Orders

If you need to make changes to an approved loan, send an email to our underwriting team:
SHUnderwriting@credithuman.com

Subject line of email should read “Change Order”:
Body of the email:
– Include customer’s name and application ID
– Include reason for change request
For loan increases, we will send new loan documents to your customer

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