Financing FAQs
Answers to the most common questions about financing your Boise home remodel.
We understand that financing a home remodel raises important questions. Below you will find answers to the most frequently asked questions from Boise-area homeowners about our financing programs, eligibility requirements, interest rates, and payment terms.
Will applying for financing affect my credit score?
No. Our pre-qualification process uses a soft credit inquiry that does not impact your credit score. A hard inquiry only occurs after you formally accept a financing offer and submit a full application with the lender.
What credit score do I need to qualify?
Minimum credit score requirements vary by lender and loan type. Generally, a score of 620 or higher qualifies for most personal home improvement loans. HELOC products may require a score of 680 or higher. Our lending partners work with a range of credit profiles, so we encourage all homeowners to apply.
How long does the approval process take?
Pre-qualification results are typically available instantly or within minutes. Full approval decisions are issued within one to two business days after submitting a complete application. In some cases, additional documentation may be requested, which can extend the timeline slightly.
What interest rates are available?
Interest rates depend on your credit profile, loan amount, and selected financing product. Personal home improvement loans typically range from 6.99% to 15.99% APR. HELOC options start as low as 5.49% APR. We also offer promotional 0% APR periods for qualified borrowers on select products.
Can I pay off my loan early without penalties?
Yes. All of our financing options come with no prepayment penalties. You can make extra payments or pay off your balance in full at any time without additional charges. Early payoff reduces your total interest cost.
What is the maximum amount I can finance?
Financing amounts range from $3,000 to $100,000 for personal home improvement loans and up to $500,000 for HELOC products. The maximum amount you qualify for depends on your creditworthiness, income, and (for HELOC) available home equity.
Do I need to own my home to qualify?
For personal home improvement loans, homeownership is not always required — renters with landlord approval may qualify in some cases. For HELOC and home equity products, you must be the homeowner and have sufficient equity in the property.
Can I finance the entire cost of my remodel?
In most cases, yes. Our financing options cover the full cost of your remodeling project, including materials, labor, permits, and design fees. Your approved loan amount depends on your credit profile and the financing product you select. Your RemodelingFX project manager can help align your financing with your project scope.
Still Have Questions?
Our team is happy to walk you through your financing options and answer any questions not covered above. Contact us directly or start a pre-qualification to see your options.
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