Overview:
Co-applicants must be an immediate family member of the primary applicant, and can help gain application approval for families that may otherwise not have qualified for LightReach financing.
Ideal Use: Co-Applicants are ideal for families whereby the title holder needs another family member to pass credit.
Disclaimer: Co-applicants are equally responsible for the Energy Plan obligations. The co-applicant must be an immediate family member of the primary applicant. Mis-use of the co-applicant feature, intentional or otherwise, may result in restricted access of the Certified Installer.
Note: Only one co-applicant is allowed per account. Adding multiple co-applicants will require initiating a new application. Once a co-applicant has been added to a credit application, they cannot be removed from the credit check process.
Getting Approved:
A | Any Co-Applicant must be... | An immediate family member of the primary applicant (no exceptions). This includes:
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B | Co-Applicant email... | Must be a distinct/separate email from the primary |
C | To get approval with a Co-Applicant.... |
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D | To achieve NTP (M0) with a Co-Applicant... | In general, same existing NTP requirements apply:
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The credit application must be ran with both applicants included. To add the co-applicant to the credit application, the "Additional Applicant" feature will have to be toggled on in order to add the co-applicant's name, email, phone number, social, and optional date of birth.
Note: A separate/distinct email address is required for the co-applicant. The same email address cannot be used for both applicants.
Below is an illustration clip on how to add the co-applicant to the credit application.
Approved Underwriting Docs for Co-Applicants:
LightReach underwriters may request additional documentation to affirm the co-applicant is an immediate family member. In these situations, contact LightReach underwriting with at least one of the following documents. Providing multiple documents may be required, and is encouraged whenever possible,
'Recent' documents are generally defined as those issued within the last 90 days.
Copy of both applicants’ drivers licenses. Must show the same last name (or maiden name, and/or same address).
Voided check or bank statement showing the co-applicant with the same last name (or maiden name) and/or same address.
Recent mortgage statement showing both applicants, on the same address.
Recorded deed/title showing both applicants on the same address.
Recorded marriage license confirming spouse/legal partner relationship.
Recorded certificate of birth showing the parent/child relationship.
