Home Improvement Loans in Oklahoma

Compare monthly payment options from several lenders in under 2 minutes.
How much would you like to finance?
won't affect credit score

Check offers in seconds

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

Won't impact your credit

Checking offers will not impact your credit score

Competitive payment options

Funding up to $100,000 and APRs as low as 6.99%1

Receive funds quickly

Same-day and next-day available for certain offers2
Acorn Finance Icon

Loans for Home Repair & Home Renovations in Oklahoma

To confidently choose what you believe is the best home improvement loans in Oklahoma, you’ll need to shop around. One of the most convenient ways to shop is online. When you’re ready to start exploring offers, choose Acorn Finance. Our lending partners can offer home improvement loans up to $100,000 with competitive APRs. When you check offers at Acorn Finance, you can receive multiple personalized offers with no impact on your credit score.

Quick. Simple. Secure.

How To Apply For Home Improvement Loans in Oklahoma

1 Pre-qualify

Fill out an easy online form to check for pre-qualified offers with no impact to your credit score

2 Select offer

Compare terms and payment options to select the offer that’s best for you

3 Finish application

Complete your application on your selected lender’s website

4 Receive funding

After your loan is approved, your funds should arrive within 1-2 business days2

“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)

Are you a contractor?
Generate more revenue with Acorn Finance.

Offer customers the ability to finance their dreams with zero dealer fees.

FREQUENTLY ASKED QUESTIONS

Learn More About Home Improvement Loans in Oklahoma

In general home improvement loans work similarly, but there are differences depending on the type of loan and the terms. Unsecured home improvement loans are usually funded as a lump sum and repaired in equal monthly installments with interest.

Read more - FAQ

Can you apply for a home improvement loan in Oklahoma?

Yes, Oklahoma homeowners have a variety of ways to finance home improvements or repairs. If you need funds quickly or only need to borrow a relatively small amount, an unsecured home improvement loan is likely your best option. Available through several banks, credit unions, and online lenders, you’ll be able to shop and compare offers. The maximum loan amount is $100,000, and not all lenders even offer unsecured home improvement loans up to this amount. You should check with lenders to see what their maximum loan amount is before applying.

If you need to borrow more than $100,000 you should look into secured loans such a home equity loan or HELOC. Secured loans often offer lower rates and longer terms, but they are backed by your home. To qualify you will need equity in your home. Compared to home improvement loans, the application and funding process is much more complex and time consuming.

Government loans are also available through FHA, USDA, VA, or Fannie Mae and Freddie Mac programs.

How do home improvement loans work in Oklahoma?

In most cases, the loan will have a fixed interest rate and predetermined payment schedule. In order to receive funds for the loan you will need to go through a complete underwriting process and receive an approval. Keep in mind that being prequalified and preapproved are very different. Just because you’re pre qualified does not mean you are guaranteed a loan.

Benefits of Home Improvement Loans in Oklahoma:

There are many benefits to home improvement loans in the state of Oklahoma. One of the most important benefits of a home improvement loan in Oklahoma is the fact that you can have quick access to a lump sum of cash to make repairs or improvements.

Here are some of the other benefits that homeowners in Oklahoma can enjoy with a home improvement loan.

  • Competitive interest rates: If you have good or excellent credit, you can enjoy some of the best interest rates available on the lending market. Interest rates on home equity loans and personal home improvement loans are almost always lower than using credit cards and other types of loans.
  • Build credit: Making on-time payments on a home improvement loan is an easy and effective way to build up your credit score and demonstrate that you are responsible with debt.
  • Many lenders to choose from: Between brick-and-mortar banks, credit unions, and online lenders, there is a lot of competition on the lending market for a homeowner to enjoy. Because of this increased competition, interest rates can remain low and lenders may offer special incentives to attract your business.

Disadvantages of Home Improvement Loans in Oklahoma:

Although there are many benefits to home improvement loans in Oklahoma, there are also some disadvantages that should be considered as well. Here are some of those disadvantages.

  • Additional monthly payment: Taking out a home improvement loan means that you will be adding an additional monthly payment to your current mortgage, credit card bills, and other monthly expenses you already have to pay.
  • Consequences for default: If for any reason you are unable to keep up with the payments and you eventually default on your loan, there are severe consequences. With a home equity loan, you could be in jeopardy of losing your home if you default. With a personal home improvement loan, you could do some serious damage to your credit profile.
  • Interest and fees: Borrowing money, costs money. However, ensuring your savings are intact is important so it may make sense to borrow money even if you have the cash. As you shop and compare loan offers, check total loan costs, not just monthly payments.

What are the steps for Oklahoma home improvement loans?

The steps for acquiring an Oklahoma home improvement loan are simple. First, you should check your credit report to see if everything is accurate and to get a feel for where you stand. If you notice anything inaccurate or if you notice some ways you could quickly boost your score, you may want to take the time to resolve these issues before applying. After that, the steps are pretty straightforward.

  1. Get prequalified
  2. Compare offers
  3. Choose the offer that works best for you
  4. Finalize the offer by getting approved
  5. Wait for the funds to hit your account
  6. Pay back the loan plus interest through monthly installments

What can you use a home improvement loan for?

People in Oklahoma use home improvement loans for a variety of reasons. One common reason people may acquire a home improvement loan is to update their appliances to all new energy-efficient appliances. Doing so can have some tax implications and help reduce your overall energy costs. Aside from that, many people choose to use a home improvement loan to put on a new roof, finish a basement, or construct a new 3rd stall garage. If you have good credit and a strong income, there is almost a limitless number of home improvement projects you could consider to help boost the value of your home.

How much can you borrow with a home improvement loan in Oklahoma?

With a home-secured loan like a home equity loan or home equity line of credit, you can borrow somewhere between 80% and 90% of the value of the equity you have in your home. If you are looking at a personal improvement loan, you can borrow up to $100,000 to be paid back over a period of up to 12 years.

Is getting a home improvement loan in Oklahoma worth it?

Home improvement loans can easily be worth it, especially in emergency situations. Oftentimes home repairs or improvements are sprung upon us leaving us little time to financially prepare. Before taking out a home improvement loan you should consider your personal finances and situation.

See More Home Improvement Loans by State:

Trending home improvement projects

Barn Financing Options

Personal loan information

Trending Articles