I'm selling my home. Do I need to pay off my Mosaic loan?

While it may be possible to transfer your Mosaic loan to the buyer, for the convenience of the buyer and seller, we strongly encourage paying off of the remainder of your loan at the time of sale.

Homes outfitted with solar systems are typically sold for higher values than comparable homes without 1. Mosaic does not charge any prepayment fee, so it’s easy to use the additional income generated from the higher sale price of your home to pay off the remainder of your loan. Take a look at our home sale example here to learn more about how home sale and prepayment go together.

Mosaic reserves the right to not allow assignment or transfer of the loan. Furthermore, the purchaser of your home must have credit qualifications that are sufficient to qualify for the original terms of your loan. If a loan transfer is not possible, then you must pay off your loan.


1 Source:  https://emp.lbl.gov/sites/all/files/lbnl-6484e.pdf

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