Home Repair Financing

Get rates for home repair loans in under 60 seconds without impacting your credit score.
How much would you like to finance?

Home Repair Financing With Acorn Finance

Check New Loan Offers With No Impact To Your Credit Score


Get Your Financing Quickly

Easy Monthly Payments

Secure Home Repair Financing Today

Whether you’re in need of an emergency repair loan or have finally decided to fix something after years of keeping it on the backburner, Acorn Finance can help. Secure loans up to $100,000 with some of the lowest rates in town. Repair your home and keep cash in your wallet by financing through Acorn Finance.

Acorn Finance Icon

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 Secure Home Repair Financing?

Compare home repair financing options without affecting your credit score.


Best Home Home Repair Loans & Financing Options

Clink, clink, fizz, bang. Something is going on with your plumbing. When you don’t have enough cash on hand to cover important repairs, financing can be a life saver (or at least a basement flood saver). From roof fixes to front porch renovations, there are lots of repairs just can’t wait if you want to stay safe and dry at home.

House repair loans are the most common way to get your hands on the funds you need. But home repair grants may also be an option in some cases. If you’re worried about how you’ll pay for an emergency and/or much needed repair, here is the 101 to financing a home repair.

Read More

Can you finance home repairs?

Just about any type of home repair can be financed. Homeowners should explore the various financing options available to determine the best option. Homeowners may have different financial situations and goals that’s why there are different types of home repair loans. Most commonly homeowners use either a secured or unsecured loan for home repairs. Unsecured loans may be faster and easier to obtain but may have higher interest rates and lower loan amounts. However, unsecured loans do not require collateral making them a preferred loan type for some homeowners. Acorn Finance has top rated lending partners that offer unsecured personal loans for home repair up to $100,000.

What type of loan is best for home improvements?

The loan type that is best for home improvements usually depends on your finances. Other factors such as how much you need to borrow and how much you can afford to repay monthly should also be evaluated when determining what type of loan is best for home improvements. If you need to borrow $100,000+ you may be limited to secured loan options. Alternatively, if you absolutely need to make home improvements but are struggling to qualify or afford financing, you may need to consider options such as government loans and grants.

Can you get a home improvement loan with bad credit?

Securing a home improvement loan with bad credit may be feasible. However, if you do qualify, prepare yourself for a potentially high interest rate. In some cases you may have no option but to accept the loan and cover the interest charges. Other factors such as steady income or employment and consistent residency can increase your chance of approval. If you can successfully make on time payments during the loan term and pay the loan off, hopefully your credit score will improve so next time you may qualify for a lower interest rate. If you have bad credit you should consider applying with a co-applicant that has better credit than you do.

How can I fix my house with no money?

No money can mean a variety of things. For some, no money may mean no extra cash available for fixing your home. For others no money may mean no extra cash and no room in your budget to cover a monthly payment for a home repair loan. If you simply do not have a lump sum of extra cash you can get a home repair loan with no money down to fix your home. If you are unable to afford an additional monthly payment or do not qualify for financing, you may need to get creative. In some cases you may be able to find free materials and DIY home repairs. If this is not an option you should consider government loans or grants or possibly even a homeowners insurance claim.

How do I qualify for a home improvement loan?

Qualifying for a home improvement loan may be easier than you think. Regardless of the type of loan you intend to apply for you should have reliable income or assets that you can prove and a decent credit score. To qualify for an unsecured home improvement loan from one of Acorn Finance’s lending partners you should have a FICO score of 600 or higher.

How can I pay for expensive home repairs?

There are a few ways to pay for expensive home repairs – some options may be better than others. If planned home repairs exceed $100,000 your best option is most likely going to be a secured loan such as a home equity loan or home equity line of credit. If the planned home repairs are less than $100,000 you may be able to consider options such as unsecured personal loans or credit cards. In most cases, a personal loan makes more sense than a credit card. Homeowners can be tempted to pull out a credit card and swipe, but you should think twice. Credit cards can have high interest rates. In addition, using a credit card for expensive purchases that may not be paid off right away can lower your credit score. If you do not want to use financing to cover expensive home repairs you may need to dip into an emergency savings fund, if available.

What is the difference between a home improvement loan and a home equity loan?

In most cases a home equity loan will offer higher loan amounts, lower interest rates, and longer terms. Lenders typically have lower credit and default risk for home equity loans since the borrower is providing collateral. Home equity loans require homeowners to borrow against the positive equity in their home. This means, if they default on the loan, the bank or lender can take possession of the home. Home improvement loans are usually just unsecured personal loans designed for helping homeowners finance home improvements.

What credit score do you need to get a home improvement loan?

To get a home improvement loan you should have a FICO score of 600 or better. In some cases, lenders may make exceptions but don’t get your hopes up. If you have credit challenges it’s especially important to calculate monthly income properly and provide all information requested when applying for a home improvement loan. You should also avoid submitting multiple applications to lenders that are going to pull your credit. This can result in a decrease of your credit score. In the next section, we will discuss which loan company is best for borrowers with bad credit.

Which loan company is best for bad credit?

If you have bad credit, your best bet is most likely using an online lender. Lenders usually have different qualification requirements and borrowers usually have different credit scores and histories. There is not just one lender that helps bad credit borrowers but rather several. For example, let’s say you are trying to qualify for two lenders that both work with bad credit borrowers. One of the lenders requires borrowers to have 3 pieces of credit while the other lender requires 5. If you only have 3 pieces of credit you’ll most likely only qualify for one of the lenders. Anyways, the moral of the story here – credit score is important but it’s not everything. If you have bad credit you should submit an application at Acorn Finance to check offers in seconds.

What credit score is needed for a renovation loan?

The minimum credit score requirement can vary depending on the type of renovation loan and the lender. Lenders may lower minimum credit score requirements for secured loans versus unsecured loans. Secured loans require collateral which reduces the default risk for the lender. Borrowers with a FICO score of 600 or above should have an easier time qualifying for a renovation loan.

How much of a home improvement loan can I get?

Acorn Finance has lending partners that can offer home improvement loans up to $100,000. Homeowners can submit a painless application at Acorn Finance and check offers in seconds. Acorn Finance simplifies the home improvement loan process for homeowners by providing a secure platform and access to reliable lenders. Acorn Finance lending partners are motivated to send the most competitive offer possible in order to earn your business. Homeowners can receive funding in as little as 1 business day.

Is financing for home repairs right for me?

Financing home repairs makes a lot of sense for most homeowners. Home repairs may be necessary or optional. Optional or necessary home repairs may increase home value, thus justifying any extra cost incurred by financing. Home repairs that are necessary should not be ignored. Ignoring home repairs may cost homeowners more money in the long run.

Can You Get a Home Repair Loan to Fix Your House?

Most people have heard of refinancing or second mortgages. They may not realize there are specific loans out there just for completing repairs. Even better, some financing options could include grants and be targeted exclusively toward people in your area.

Home Repair Financing Options

OK, so financing for home loans exists. Knowing it’s out there is one thing. Wondering, “How can I get money to repair my house?” is another. Home repair financing comes in a variety of formats. Here are some of the most common avenues worth exploring:

Traditional Home Improvement Loans: Home improvement financing is typically unsecured. This means you might get an interest rate that’s slightly higher than a home loan. On the other hand, you don’t have to attach your property as collateral, which could be preferable when you’re happy with your current mortgage and don’t want to refinance. It’s also a reasonable option for people without a lot of equity. Check out credit unions and banks to see what they have to offer for people with your credit standing.

HELOC Financing: A Home Equity Line of Credit (HELOC) lets you tap into your home’s value. Because this type of loan is secured by your home, you can often score an incredible interest rate. Plus, your loan will have a long repayment period to keep payments low. With a HELOC, you can draw from it as needed — so you may be able to rely on it for future repairs, too.

Peer-to-Peer Lending: If you’re unable to get approved through a bank or credit union, a peer-to-peer loan may be available to you. Several investors will pitch in to finance your home repair loan, but you still just have one monthly payment. Interest rates can be higher, but the repayment periods are shorter. If you can swing the payments — you’ll be out of the debt in 3-5 years.

Government Loans and Grants: There are a number of options available to people who need repairs for safety and health. USDA Section 504 Home Repair grants, for instance, can help elderly and/or low-income people who are unable to obtain other types of credit to complete home repairs. Then there are local government loans. In St. Paul, MN, residence below a certain income can get a 4% interest loan for repairs including a new furnace or air-conditioning installation, roof replacement, and a new garage.

Homeowners Insurance Claim: Some costs will likely be covered by homeowners insurance — don’t forget to check your policy! You could mitigate the amount of money you need to borrow for a roof repair or damaged siding by filing a claim with your insurance first.

What to Know About Rentals and Other Unconventional Situations

Getting approved for home repair loans when you’re not fixing your primary residence can get tricky. Banks and credit unions often won’t approve loans for investment properties because they perceive the risk of default to be higher — if you lose your tenant and can’t find a new one, they assume you’ll stop paying back your loan. You can probably still find some funding, but you may want to turn to peer-to-peer lending or 0% interest credit cards rather than arguing with your bank.

Similarly, if you inherit a property that needs to be fixed before you can sell it, you may run into issues getting a conventional loan. If the loan is paid off when you inherit the home, it might be easy to get an equity loan. Grants, however, will be out of the question.

Most homeowners have some credit, so long as they’re on the mortgage. If you’re in the uncommon situation of not having enough credit established, though, it will also be a bit more challenging to find a loan. Stick with local credit unions or get a credit card for a few months and pay it on time to build up enough of a reputation (assuming your repair can wait). It may also be hard to get a home repair loan with bad credit. Peer-to-peer lending and grants are a good avenue to pursue when your credit score is low.

Secure Low APR Home Repair Financing Today

Finding a home repair loan can be overwhelming, but thankfully the Internet makes it easy to explore your lending choices. Check out the options from Acorn Finance today!

Are You A Contractor?

Don’t let home repair financing slip through your fingers.

Offer customers low-rate loans to finance their home repair.