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I work with an independent mortgage bank that thinks of it self as representing the needs of borrowers throughout the Bay Area. Our local presence and small town personal service is backed by resources, expertise, and technology. With lightning access to 450 lenders nationwide we can make the right match that works well for BOTH parties to the transaction.
Cal Solar Funding originates residential and commercial loans for solar and other renewable energy projects. Cal Solar Funding is locally owned yet backed by Diablo Funding, a mortgage bank corporation staffed with over 800 seasoned mortgage professionals, loan processors, and support staff.
Right now is the best time to buy solar power with equity from your home!
Lenders will focus on your:
1). Income
2). Savings
3). Debts
4). Credit history
Be prepared to provide documentation!
The Funding Process
1. Complete the Quick Form application
Providing a complete and accurate application along with needed documentation will speed up the loan process.
2. Initial paperwork prepared
A Loan representative will contact you to arrange for your loan submission papers, appraisal, and escrow. (2-3 days)
3. Loan submission and approval
Depending upon the time it takes to get your appraisal, you may receive a loan approval in as few as 4 days.
4. Final documents prepared
The actual loan documents are now sent to the title company to prepare for the signatories. An impound account to pay taxes may be needed.
5. Signing and funds released
Once the final loan documents are signed and all conditions are met and reviewed the underwriter will “fund” your loan.
6. Recording and disbursement
After funding, the State of California requires a 3-day "recision" period to pass before you can receive your check.
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