Home Addition Financing

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Home Addition Financing With Acorn Finance

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Financing A Home Addition

Select the perfect personalized home addition loan, just for you. Whether you are looking to do a complete home remodel, or just need to finance some new furniture, Acorn Finance has you covered.

No matter your credit score, if you want to secure home addition financing, Acorn Finance will get you pre-qualified loans in seconds to add to your home. Easily sort all the loan offers by what matters to you: interest rate, payment amount, length of the loan term.

Never impact your credit score when comparing rates between our network of trusted partners. 100% online, customer-friendly process is designed to help you find affordable payment options with lenders that can quickly fund your home addition plans.

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How We're Different

Get Offers in Seconds

Get pre-qualified for multiple loan offers with an easy online form.

Won't Impact Your Credit

Receive pre-qualified offers with no impact to your credit scores.

Competitive Payment Options

Loans up to $100,000; Terms up to 12 years; APRs as low as 3.99%.

Receive Funds Quickly

In some cases, receive funds in as little as one business day.

“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”


– Mike T. (TN)

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”


– Carol R (FL)

“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”


– Bob S (WI)

Ready To Start Financing A Home Addition?

Compare home addition financing options without affecting your credit score.


Best Home Addition Financing Options

Adding a room can deliver an average ROI of over 50%, making a home addition loan easy to justify. So how do you go about financing a home addition? Acorn Finance offers a user friendly secure platform that allows you to receive multiple personalized competitive offers by submitting just one application. In addition, your credit will not be affected by submitting the application. Visiting Acorn Finance is the start of a very wise investment, a home addition loan! Keep reading to learn more about home addition loans.

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Can you get home addition financing?

Yes, you can get a loan for a home addition. Personal loans are available for all types of credit and can be used for home addition financing. Although rates may be higher compared to secured loans, most personal loans don’t require any collateral. Personal loans are often easier to secure and tend to be less risky than comparable options.

What is the best way to start financing a home addition?

Personal loans are a leading option for home addition financing. In addition to being less risky and requiring no collateral, personal loans offer many pros. Comparing lenders is important if you decide to use a personal loan. Most likely, many lenders will be competing to secure your loan. This means you have the ability to shop rates and terms and make sure you get the best deal. Acorn Finance is a secure platform that makes receiving competitive offers from multiple lenders easy.

Let’s take a look at the pros and cons of a personal loan for home addition financing.


  • Simple application and approval process
  • No collateral needed
  • Fixed interest rate for the duration of the loan (in most cases)
  • Competitive interest rates
  • Borrow almost any amount (typically between $1,500 – $100,000)
  • Generous amount of time allowed to repay loan
  • Quick funding


  • Interest rates may be slightly higher than comparable options
  • Credit history necessary in most cases
  • Fixed payments
  • Many personal loans have origination fees
  • Some personal loans come with prepayment penalties

How much does it cost to add an addition to your house?

Building a room or home addition costs an average of $44,805. Reports show that most homeowners spend between $21,003 and $68,606. There are many factors such as materials, location and type of addition that can vary the cost of your job.

How much does a standard 20×20 room addition cost?

On average it costs around $48,000 to add a 20×20 family room. Home addition financing can provide an affordable solution that can help increase the value of your home. Most likely you can recoup interest expenses associated with the loan when you sell your home.

How much does it cost to add a bedroom and bathroom to a house?

Adding a bathroom or bedroom can be significantly cheaper than adding a 20×20 room. On average, it costs about $17,300 to add a 12×12 bedroom. Adding a bathroom typically starts around $18,000.

How much value does an extra bedroom add to your home?

In most cases, adding a bedroom to your home will increase the value and desirability. Every property should be evaluated on an individual basis by a professional to determine the exact value. You can use an increase in value between $30,000-$50,000 per room as a ballpark estimate.

Is it cheaper to build out or up?

Typically it’s cheaper to build up rather than out, but there are some cases where this is not true. Regardless of which way you build homeowners pay an average of about $80 to $200 per square foot for home additions.

Can you live in a house while adding a second story?

In most cases, yes you can live in a home while adding a second story. The contractor can isolate certain parts of the home to provide you and your family safe living spaces.

Is home addition financing worth it?

Home additions are usually a very wise investment. It’s important to make good decisions and make sure your project is economically friendly yet done properly. Setting budgets before starting your home addition can help you achieve a higher ROI.

How can I save money on my house addition?

From start to finish, there are many ways to save money on your home addition. In the beginning it’s important to shop lenders and contractors to secure the best terms and pricing. Here are a few other ways to save money on your home addition:

  • Avoid overdoing it
  • Take tax credits and refunds into consideration
  • Be flexible with your plans
  • Shop for discounts or discount warehouses
  • Negotiate items that can be done yourself

What type of loan is best for a home addition?

There are a variety of loans for home additions providing homeowners with plenty of options. So what type of loan is best for a home addition? Your finances and goals will most likely determine which type of loan is best for you. If you need to borrow $100,000 or more, you may be limited to secured loan options. Secured loans typically offer lower interest rates, longer terms, and higher loan amounts compared to unsecured loans. However, secured loans may be harder to secure and involve more risk for the homeowner. Secured loans such as a home equity loan require homeowners to use their home as collateral.

How much can I borrow for a home addition?

Loan amounts for home addition financing can vary depending on a variety of factors. These factors can include the borrower’s credit score and history, the type of loan, lender requirements, and more. Acorn Finance has lending partners that can provide unsecured loans for home addition financing up to $100,000. Some lenders may disclose online or via phone what their maximum loan amounts are for different loan products. If you have a lender of choice you may want to see if they can accommodate the amount you need to borrow. Keep in mind that you will have to qualify for the loan amount. Just because lenders advertise certain rates, loan amounts, and terms it does not mean that you are guaranteed to qualify.

How much does it cost to add 300 square feet to a house?

According to Home Guide, a 300 square foot home addition costs an average of $25,800 to $62,400. You will notice that the average cost can vary significantly. When it comes to home improvements or home additions, each project has its own set of unique needs. Project requirements, materials, location, and more can impact the cost of a home addition. The type of home addition can also impact the cost. For example, a bedroom addition is usually cheaper than a bathroom addition. Bathrooms usually require plumbing, fixtures, equipment, and so on. These items should be factored into the project costs. If you are trying to estimate project costs for a home addition you should consider the following costs:
site work
exterior finishes
major systems
interior finishes
final steps

How much does it cost to build a 500 sq ft addition?

In most cases, the price difference between a 300 sq ft addition and a 500 sq ft addition is significant. According to Home Guide, a 500 sq ft home addition costs an average of $43,000 to $104,000. Estimating the exact cost of a home addition can be challenging. Unexpected obstacles and challenges are relatively common in the building world. As you start to estimate home addition costs you should consider a best case scenario and a worst case scenario in terms of money. Planning for the worst case scenario may put you ahead in the end. If you are using a loan for home addition financing you may need to borrow more than you think you need. If you do not use all the funds, you can repay the unused portion to reduce your balance and hopefully save on interest charges.

How can I finance a home addition without equity?

If you do not have equity in your home you can still finance a home addition. Most homeowners that do not have equity use unsecured personal loans for home addition financing. While you may be able to use a credit card or payday loan for some of the project costs, these types of loan typically do not provide enough money. Unsecured personal loans may have higher interest rates than secured loans but can still be a very competitive option. Acorn Finance has top-rated lending partners that specialize in home improvement and home addition financing. Homeowners can submit an application at Acorn Finance and check offers within seconds without affecting credit score.

How do I know if I can get a home equity loan?

At the minimum homeowners should have fair credit and at least 20% equity in their home to qualify for a home equity loan. Even though you are providing collateral most lenders will still assess debt-to-income ratio, credit history, ability to repay the loan, and so forth. Most lenders allow homeowners to borrow up to 80% of the home’s value. Lenders can have different requirements for qualifying. Most lenders can share basic requirements to help potential borrowers determine if they should apply or not. If you are considering a home equity loan you should check with your primary financial institution.

How much equity do you need for a home equity loan?

In most cases, homeowners need to have at least 20% equity to qualify for a home equity loan. The more equity you have, the more you can potentially borrow. For example, let’s say your home is worth $400,000 and you owe $200,000. In this scenario the homeowners have 50% equity. If they are using a lender that allows a combined loan-to-value ratio of 80%, the homeowner should be able to borrow $120,000, thus increasing the amount owed on the home to $320,000. To estimate how much you can borrow based on the equity you have, you can use an online home equity loan calculator.

Can you add renovation costs to the mortgage?

Renovation costs can technically be added to the mortgage if you use a home equity loan. When you use a home equity loan you are borrowing against the equity in your home, thus increasing the amount you owe on the mortgage. If you have a home equity loan and want to sell your home, you’ll need to satisfy the home equity loan and your mortgage in order to properly transfer ownership of the home. You can compare this to selling a car that you owe money on. The lender will not release the title until the vehicle is paid off. Car loans are secured loans, similar to home equity loans.

Can you get a mortgage for an addition?

A traditional mortgage cannot be used for a home addition. However, you may be able to refinance your mortgage or cash out refinance to pay for a home addition. If interest rates have dropped significantly since securing your current mortgage, this option may make sense. A cash out refinance is similar to a home equity loan in some ways. Most lenders allow homeowners to refinance up to 80% of the current value of their home using a cash out refinance. In most cases, a home equity loan is a better option but it all depends on the homeowners and their finances. In our current market we saw interest rates hit an all time low. As a result many homeowners took advantage of refinancing options.

Can you use a home improvement loan for anything?

In some cases, you can use a home improvement loan for anything. Whether you can or can’t usually depends on the type of loan and the lender’s guidelines. While most lenders will ask you upfront why you need to borrow the money, they may not monitor how you spend the money. For example, if you use an unsecured personal loan for home improvements the lender should issue the funds as a lump sum. Most of Acorn Finance’s lending partners do not have spending restrictions, thus allowing borrowers to spend funds on just about anything they need or want.

How do you finance a home addition easily online?

Comparing home addition financing offers can be time consuming. In addition, you may damage your credit if several lenders are authorized to pull your credit. One of the easiest ways to access home addition financing offers online is at Acorn Finance. Checking offers at Acorn Finance will not impact your credit score. Once you have compared offers, you can take advantage of the offer of your choice. Acorn Finance lending partners can offer easy monthly payment options and funding in 1-2 days.

Secure Home Addition Financing Today

In conclusion, home addition loans can be justifiable and easy to secure. Home additions can also increase the value of your home. Acorn Finance is a reliable and top-rated company that provides personal loans for home addition financing. Take advantage of affordable payment options and free services while saving tons of time.

Three steps to get started with Acorn Finance:

  1. Complete and submit a short loan application online
  2. Receive multiple pre-qualified offers
  3. Get connected with lenders to obtain your pre-qualified loan

Ready to start shopping for home addition financing? Get started today with Acorn Finance!


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