Finance Your Next Project
Easy, convenient funding in 1-3 days.
How Our Financing Works
Financing made simple. Click here and follow the steps below to fund your next construction or renovation project.
Step 1
Complete your loan request and get free, personal loan rates from multiple lending partners in 60 seconds flat — without affecting your credit score.
Step 2
Review available payment options and choose the one that’s best for you.
Step 3
If approved, receive funding within 1-3 business days.
Step 4
Pay back the loan in predictable, fixed-rate monthly payments with no prepayment penalties.
FAQs
1
I have homeowners insurance or a businessowners policy. Does this exclude me from the financing conversation?
Your insurance might cover damage related to an unforeseen event, like a storm or fire. However, it probably doesn’t cover normal wear and tear to your home or multifamily building’s exterior. In that event, financing could be a good option for you.
In the event that your insurance does cover your renovation project, you might still need to pay a deductible. Financing can help you there as well.
2
Will checking available rates through hearth affect my credit score?
No — pre-qualifying through Hearth does NOT affect your credit score.
3
What are the advantages of a personal loan as opposed to a home equity loan?
The best part about a personal loan? Fast funding. You’ll likely receive the loan within 1-3 business days of being approved. A home equity loan, on the other hand, resembles a second mortgage — meaning a long application process (4-6 weeks), $300-$600 on a home appraisal, and hefty closing costs.
4
What factors do loan providers consider when determining if I qualify for a loan?
Personal loan providers will focus on three main factors: your credit score, your income, and your current debt.
Credit score: Lenders will look at your credit score to evaluate whether you’ll be able to pay them back. A credit score of at least 640 will give you access to more lending partners; however, there are some lending partners that will accept a score below 640. The better your score, the lower your rates.
Income: Lenders will evaluate your income to determine if you’ll be able to afford monthly payments. You’ll likely need to submit income verification, like a W-2.
Current debt: Lenders will look at your current debt to income ratio to determine the likelihood that you’ll be able to make monthly payments.
5
What is the APR on a personal loan to finance my renovation project?
The average annual percentage rate (APR) on a personal loan falls between 10% and 20%. This is the yearly cost associated with receiving the loan and includes interest and fees.
If you have more questions related to financing your next project, don’t hesitate to reach out.
