Hearth vs Mosaic:
What Contractors Need to Know Now
The short answer
Side-by-side
| Hearth | Mosaic | |
|---|---|---|
| Revenue model (battle card) | — | Net interest |
| Contractor cost (historical) | — | Historical dealer-fee context: Minnesota AG's March 2024 suit against Mosaic (and GoodLeap, Sunlight, Dividend) alleged hidden upfront dealer fees averaging 17.6% of consumer loan amounts on Mosaic's 2019-2023 Minnesota loans ($85.5M to 2,147 consumers) |
| Dealer fees | No | Yes |
| Enrollment fee | Yes | No |
| Contractor paid upfront | Yes | Yes |
| Lending partner | 17 | Multiple |
| Apply to multiple lenders at once | Yes | No |
| Credit limit | $250,000 | $55,000 |
| Loan type | Installment | Installment |
| Interest-free plans | Yes | Yes |
| Credit score (FICO) | All | Premium |
| Soft credit pull | Yes | Yes |
| Trades served | All home-improvement trades | Residential solar loans (pivoted from crowdfunding to direct solar lending in 2014); financing intermediary between solar installers and capital markets |
| Markets served | Home Improvement | Home improvement and solar |
| Size & stage | 5 years in business; ~200 employees | Founded in 2011 |
| Scale & history | — | Founded 2010 in Oakland, CA; one of the oldest U.S. residential solar financing companies; funded over $15 billion in loans to 500,000+ households; ~$3.8 billion of ABS outstanding at filing. Filing attributed to elevated rates, policy uncertainty (solar ITC rollback), and a 31% decline in residential solar installations in 2024 |
| Current status | Actively originating through its 18-lender marketplace | NOT ORIGINATING. Solar Mosaic filed voluntary Chapter 11 petitions in the Southern District of Texas (press release dated June 6, 2025). Its chapter 11 plan was confirmed Sept 5, 2025 and it emerged Sept 22, 2025; loan servicing transferred to Solar Servicing LLC, a wholly owned subsidiary of secured creditor Forbright Bank. The loan origination business was shut down |
| Bankruptcy context | — | KBRA (June 11, 2025): Mosaic's bankruptcy constituted a servicer termination event across 18 KBRA-rated Mosaic solar loan ABS transactions; Forbright Bank, an existing servicing customer and administrative agent for lenders, backed the servicing operation through Chapter 11 |
| Loan servicing successor | — | Solar Servicing LLC now services existing Mosaic loans; borrower terms/schedules unchanged; it is a servicing operation, not a new-loan originator (site is entirely payment/account oriented, no origination offering) |
Every Mosaic cell above is sourced (see footer). Rates and terms vary by lender and customer credit.
Hearth vs Mosaic FAQ
Is Mosaic still in business?
NOT ORIGINATING. Solar Mosaic filed voluntary Chapter 11 petitions in the Southern District of Texas (press release dated June 6, 2025). Its chapter 11 plan was confirmed Sept 5, 2025 and it emerged Sept 22, 2025; loan servicing transferred to Solar Servicing LLC, a wholly owned subsidiary of secured creditor Forbright Bank. The loan origination business was shut down
Who services existing Mosaic loans now?
Solar Servicing LLC now services existing Mosaic loans; borrower terms/schedules unchanged; it is a servicing operation, not a new-loan originator (site is entirely payment/account oriented, no origination offering)
What should contractors use instead of Mosaic?
Any actively-originating platform. Hearth offers a flat annual subscription with no per-loan dealer fee and personalized offers from an 18-lender marketplace covering $1,000–$250,000 projects.
Can I switch to Hearth mid-season?
Yes. Onboarding is self-serve; most contractors send their first financed quote the same week. There is no per-loan fee to model — one flat subscription.
See your financing options
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Start freeNo commitment. No hidden fees. Just more closed jobs.
More than financing — your front office, handled
Harper, your AI assistant
Harper answers the calls you miss, captures leads after hours, and introduces monthly-payment options automatically — so no job inquiry slips through while you're on site.
Concierge onboarding
Hearth's concierge team sets financing up inside your sales process and trains your team, so offering payment options is seamless from day one.