https://www.flatheadelectric.com/faqs/do-i-have-to-be-the-owner-of-the-property/
Yes. FEC will only loan money to the property owner(s) of record, unless you are the legally designated agent for the homeowner (i.e. Trusts, Wills, and Power of Attorney). In that case, you will be required to provide legal documentation [...]
https://www.flatheadelectric.com/faqs/why-must-all-owners-sign-the-participation-application-and-loan-agreement/
Your Co-op's loan fund is a “fixed” pool of money. Because these loans are low-interest, each time there is loss due to default, bankruptcy, or foreclosure, that “fixed” pool is reduced by that amount.
As listed owner of a property, you [...]
https://www.flatheadelectric.com/faqs/can-i-take-out-a-loan-as-owner-if-i-am-purchasing-my-home-by-way-of-a-land-sales-or-lease-option-contract/
No. FEC will only loan money to the property owner(s) of record. [...]
https://www.flatheadelectric.com/faqs/i-own-a-mobile-home-but-rent-the-space-where-it-is-located-will-fec-loan-to-me/
No, Flathead Electric Co-op will not loan to residences that are located on leased or rented land. [...]
https://www.flatheadelectric.com/faqs/i-own-a-house-on-leased-land-will-fec-loan-to-me/
No, Flathead Electric Cooperative will not loan to residences that are located on leased or rented land. [...]
https://www.flatheadelectric.com/faqs/i-own-an-apartment-building-am-i-limited-to-10000/
Yes. Residential loans are capped to one property owner. [...]
https://www.flatheadelectric.com/faqs/what-if-i-dont-have-a-social-security-card-number/
FEC requires a valid social security number when applying for on-bill financing. [...]
https://www.flatheadelectric.com/faqs/is-there-a-penalty-if-i-pay-off-the-loan-early/
No, there are no penalties for paying off your loan early. [...]
https://www.flatheadelectric.com/faqs/what-happens-if-i-decide-to-refinance-my-home-after-signing-a-loan-agreement-with-fec/
Your loan will continue. [...]
https://www.flatheadelectric.com/faqs/what-happens-to-the-loan-if-i-move-but-keep-the-house-that-received-the-energy-improvement-as-a-rental/
As long as you maintain ownership of the property, you may continue to be billed for the loan. As long as you continue to pay the electric bill at that property, the loan will continue; however, if you transfer the [...]
