No. Credit for Comfort is an application that allows contractors to offer financing to their customers. The financing is provided by our lending partners which include Greensky as our Prime lender, Fortiva as our 2nd look lender and Ygrene as our PACE (property assessed clean energy financing) financing provider. Not all contractors offer all financing options.
To qualify for a Greensky Prime loan, you must be a U.S. citizen, have a social security number, and have excellent to good credit.
To qualify for a Fortiva loan, you must be a U.S. citizen, have a social security number, and have fair credit.
Property Assessed Clean Energy (PACE) enables a low cost, long term financing for a variety of energy efficiency, renewable energy, water conservation, storm protection and seismic improvements. PACE financing is repaid over time as a special assessment/tax on the property’s tax bill.
To be eligible for Ygrene, your property must be located in one of their service areas. Eligibility is based on equity and your ability to pay, among other factors-not your FICO score. To find out if you're covered please visit:
Financing costs vary based on the financing plan you select. The cost is directly associated with the APR (annual percentage rate) interest.
This depends on the lender. Greenksy requires a hard pull of your credit. When applying to Fortiva, a soft credit pull is required. Eventhough, eligibility for Ygrene is not based on FICO scores, Ygrene will do a hard pull on your credit to confirm certain underwriting criteria.
Once you are approved for a loan through Credit for Comfort, you will receive an automatic notification stating that you’ve been approved via the CreditforComfort app. Once you’ve accepted it, you’ll receive a follow-up email from the lender you’ve been approved with providing you with the terms and conditions of your loan.
Credit for Comfort is designed with customers’ safety in mind. The contractor will text or email you your financing application so you can fill out your personal information in your own device. Once you submit your application, the system will automatically clear all information that has been temporarily stored in the browser.