FHA Simply Solar Program
Get into a home with no strings attached. If you’re looking to get $13,000 towards your down payment and save money on your electric bill, this program is the answer. With the FHA Simply Solar program, customers can earn 3.5% of their home’s purchase price, up to $13,000.
You can use the $13,000 to payoff debt, pay closing costs, buy your rate down or put it in your savings account.
Popular Questions
FAQs
How Does The Program Work?
First you will want to start by getting pre-qualified for a home loan. You can apply directly on our website to start the process.
Then, you will have to complete an online course to learn about homeownership and solar energy.
Next, a solar expert will check your home to make sure solar panels can save you money and confirm your eligibility.
After that, the cost of the solar panels is added to your FHA loan, so you don’t have to pay upfront.
Once you close on your home, the solar panels are installed within 90 days, allowing you to start saving on energy right away.
With lower utility bills, a 30% Federal Solar Tax Credit, and $13,000 to use however you want, the program makes homeownership significantly more affordable.
What Are The Requirements For The Program?
The Simply Solar FHA Program has no income limits or restrictions, but you must meet the requirements for an FHA loan.
FHA loans require a minimum credit score of 580 to qualify.
Do I have to pay for the solar panels upfront?
No. The cost of the solar panels is included in your FHA loan, so there is no upfront payment required.
This makes it easy to afford solar without needing another loan.
Do I need a specific credit score to qualify?
Yes. you will need a minimum credit score of 580 to qualify for an FHA loan through this program.
Higher credit scores may offer better loan terms.
Can I use the funds for something other than a down payment?
Yes, you can use the $13,00 for closing costs, paying off debt or just to boost your savings account.