How to apply
Requirements
To apply for an HVAC lease with Microf, you will need to:
Be a homeowner,
Provide proof of income,
Have a homeowner's insurance,
Have no recent bankruptcies,
Have an active bank account.
You cannot qualify for an HVAC lease from Microf if you are a renter of a house or land, involved in reverse mortgages, or a person renting your property.
The lease-purchase options Microf offers for HVAC are available to customers with credit scores under 680.
The documents you need to provide Microf for an application are:
Social Security Number or ITIN,
Bank account and routing number,
Pay Stubs or bank statements.
How to apply for a loan
On the main page of the Microf website, tap the button "Apply Now." You will be redirected to the pre-qualification form. Choose whether you are a homeowner or a contractor/returning customer. The first option means you don't have an account with a company. Provide your email address. Microf will use this email to log you in after completing your application or if you have to finish the application later. Click Continue and create a password. Fill in your name and phone number, and then state the address you will be making the home improvement. State your date of birth and add the last four digits of your Social Security Number.
After that, you can start filling in your application. Fill in your personal information and the type of project you would like to lease: air conditioner or heating, water heating, air conditioner or heating, plus water heating. Answer the household questions and the equipment in your home, and provide the total job price for the project and the requested lease amount. Then enter your financial details: Monthly Net Income, Your Bank Account Routing Number, and Your Bank Account Number. If you have a co-applicant, you will need to fill in their details.
After you submit an application, Microf will review the details and state whether you are eligible for their service.
