Financing Available

If you're considering installing a new furnace, AC unit, or comprehensive HVAC system, financing can make it more affordable. Wells Fargo offers financing options for HVAC system installations and replacements.

 

To qualify, you will need to meet credit score requirements and go through the application process. In this article, we'll outline who qualifies for Wells Fargo HVAC loans and the application process.

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Who Qualifies for Wells Fargo HVAC Financing?

Wells Fargo offers HVAC financing products available to:

• Homeowners – Loans for installing systems on primary residences or second homes. Can finance full system costs including equipment, labor, permits, etc.

• Tenants – Permitted for replacing existing HVAC systems in rented homes, provided landlord approval.

• Landlords – Available for landlords to finance new HVAC systems on 1-4 unit rental properties.

• Homebuilders – Constructors can qualify during building. The home must become primary or secondary residence for financing.

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Wells Fargo will finance HVAC projects across the full range needed for homes, from installing central air to furnace/boiler replacements and whole-home heat pumps.

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What Credit Score Is Needed?

To qualify for Wells Fargo HVAC financing, you’ll need good to excellent credit. Minimum credit score requirements are:

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• Personal loans – 660 FICO score

• Home equity loans – 620 FICO score

• Credit cards – Average around 660 FICO score

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The higher your credit score, the lower the interest rate Wells Fargo can offer on HVAC financing. Those with scores of 720+ will qualify for the lowest rates.

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The Wells Fargo HVAC Financing Application Process

You can get pre-qualified for Wells Fargo HVAC financing by following these steps:

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• Apply online – Fill out Wells Fargo’s simple 1-minute application providing basic personal, income, and credit info.

• Get your rate – Wells Fargo will perform a soft credit pull and provide instant pre-qualification decisions along with estimated rates.

• Verify details – A Wells Fargo representative will call you shortly after applying to verify details on the project scope and contractor.

• Accept loan terms – If satisfied with the financing rate and terms, you can complete the application to finalize loan approval.

• Loan processed – It takes roughly 5 business days for Wells Fargo to process and fund approved HVAC loans.

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The straightforward application and fast funding process means you can quickly finance needed HVAC projects.

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