HomePersonal LoansHome Improvement Loans Bad Credit
Advertising Disclosure Acorn Finance receives compensation from some of the companies featured on our website, which may influence the presentation and order of the offers shown. Please note that not all loan options, savings products, or lenders are represented on our site.

Home Improvement Loans With Bad Credit

Compare monthly payment options from several lenders in under 2 minutes.

How much would you like to finance?

How To Get A Home Improvement Loan With Poor Credit

If you are considered a subprime borrower and you are looking for financing to help complete some home improvement projects around the house, do not worry. There are still plenty of options and lenders who may be willing to work with you to help you obtain the financing you need.

Get Started

Compare rates from top lenders

About LightStream

Coming Soon…


Coming Soon…


Coming Soon…

About Sofi

Coming Soon…


Coming Soon…


Coming Soon…

About Upgrade

Coming Soon…


Coming Soon…


Coming Soon…

About Bestegg

Coming Soon…


Coming Soon…


Coming Soon…

Learn More About Home Improvement Loans With Bad Credit

Technically, a credit score between 580 and 669, although it is still considered a credit score of a subprime borrower, it's still a fair credit score. There are plenty of lenders who may still work with fair credit borrowers. So, when lenders see a fair credit borrower, what exactly does that mean to them?

Are bad credit home improvement loans worth it?

That depends! While home improvement loans are a great resource, home improvement loans for bad credit require additional considerations when deciding if it’s worth it. If your home needs emergency repairs to ensure that home is safe and secure for your family, a home improvement loan might be the only option. 

As with any additional debt, it’s important to think of how adding a bad credit home improvement loan can impact your credit score and overall financial well-being. Checking offers to see what you qualify for is one way to help you determine if a home improvement loan could potentially be worth it or not. 

How do you get a home improvement loan with bad credit?

When qualifying for a loan you’ll likely need to meet the requirements set forth by the lender. These requirements typically include a credit score requirement. While credit score is not the only thing lenders can look at, it’s certainly important. With bad credit, you may qualify, but terms can be unfavorable. If you have bad credit there are still ways to get a home improvement loan. 

One way to increase your chance of approval and with favorable terms is to consider adding a cosigner with better credit to your application. This can help improve your chances of getting approved since an additional person will be responsible for paying the loan if you don’t make regular payments. 

Another option is to try to get a secured loan that requires a downpayment or leveraging collateral to get the loan. This gives lenders something to fall back on and seize if you fail to make payments or fall into default on the loan. However, this makes some homeowners nervous, as they could lose their homes or other assets if they fail to repay. 

Ultimately, one of the best ways to get a loan for home improvement with bad credit is to improve your credit score. The steps you need to take to do this can vary. You can leverage credit monitoring services for recommendations or contact a professional. 

Different parties can have different definitions of bad credit. If you feel you can still qualify for a home improvement loan with bad credit, you can check offers with no credit impact at Acorn Finance to start the process.

What can you use a home improvement loan for?

One of the valuable things about a home improvement loan is there are countless ways you can use the funds to improve your home and your quality of life. Some common uses for a home improvement loan include:

  • Replacing or repairing your roof
  • Installing new vinyl siding
  • Remodeling a bathroom or kitchen 
  • Adding a back deck or other outdoor space
  • Replacing a new garage door or exterior front door
  • Hiring a professional landscaper
  • Fixing a leak or foundation issues
  • Purchasing new furniture

With so many potential uses, home improvement loans can be a great financial tool for projects, big or small! 

When should you get a home improvement loan for bad credit?

If you have bad credit, it’s usually advisable to boost your credit score before getting a home improvement loan. This can help you qualify for a better loan thus saving you money on your borrowing costs. 

Sometimes, though, unexpected and emergency situations occur that require you to make immediate improvements to your home to keep you and your family safe. If you need funds immediately and don’t have the cash on hand to pay out of pocket, a home improvement loan for bad credit might be your only option. In this case, it’s still important to shop around to compare rates and see what the best terms are for your monthly budget and financial needs. 

At Acorn Finance, you can shop around and compare quotes from multiple lenders in one place, saving you time and giving you a clear picture of what you’re eligible for. 

Why choose Acorn Finance for bad credit home improvement loans?

Getting a home improvement loan with bad credit doesn’t need to be a stressful or time-consuming process. When you use Acorn Finance, you’ll enjoy a stress-free shopping and research process while ensuring you lock in the best offer. Plus, when you have bad credit, you’ll want to take extra precaution aimlessly checking offers as it can have a credit impact. When you shop offers at Acorn Finance you can shop with confidence knowing that checking offers through our platform has no credit impact - whether you qualify or not.

Whether an emergency repair is needed or you’re looking to improve your credit, many homeowners explore getting a home improvement loan with bad credit. If done responsibly, a home improvement loan can help you get the funds you need to quickly make improvements to your home and improve your quality of life.

$10000 Loan Calculator


Find the loan you're looking for

Table comparing monthly payments, APRs for approved personal loans.
See your options
Take a few minute to answer few questions, and we'll match you with the right range of lenders to consider
Choose your loan
Find your favorite marketplace of offers and apply directly with the lender you prefer
Do your project
If you're approved, use your funds to cover all your costs now, and pay the lender back month by month

What can I do with a $10,000 personal loan?

A $10,000 personal loan has a number of uses, including (but not limited to):
Home improvement Buying a car Wedding costs
Debt consolidation Medical bills Startup business costs

Still have questions?

Home Improvement Loans for Bad Credit: Frequently Asked Questions

When it comes time to make changes to your house, many homeowners seek out a home improvement loan to get quick access to funds they can repay monthly. But, getting home improvement loans with bad credit can be a challenge for many borrowers who don’t have the credit score or meet the requirements to qualify. Bad credit can feel like a never ending cycle or hole you just can’t seem to climb out of. While it may feel hopeless, there is hope, but you’ll first need to educate yourself. One way to boost credit is to use it wisely. Before borrowing money you may want to work with a professional or leverage credit monitoring services to see if there are ways to boost credit without borrowing money. Whatever path you decide to take to boost your credit score, do so methodically and knowingly. 

If you’re looking to get bad credit loans for a home improvement, the first step is to understand what is required to qualify and what your options are. Acorn Finance allows you to get personalized rates in 60 seconds with no impact on your credit score, so you can see options for loans for home improvement with bad credit. Most of our lending partners have a credit score cutoff of 600 or above - so keep that in mind to avoid any discouragement. If you don’t qualify now, take the necessary steps to boost your credit and revisit us at a later date. We’re always here to help.

Can you get a home improvement loan with bad credit?


Yes, if you have bad credit, it may be more difficult for you to qualify for a personal home improvement loan, however, it is now impossible. With bad credit, you may simply just have fewer options in terms of lenders, you may be required to pay higher interest rates and fees, and if your credit is really bad, you may be required to have a co-borrower, co-signer, or collateral added to the loan. Interest rates for bad credit borrowers can sometimes reach up to 36%. Depending on the loan amount and the length loan repayment period, an interest rate of 36% can add a significant amount of costs to your loan. For example, for a simple 3-year $10,000 personal home improvement loan, if the loan comes with an APR of 35.99%, at the end of the 3-years, you may end up paying around $6,487.32 in interest alone. That is almost 65% of the principal. To prevent having to pay a ridiculous amount of interest, if you have a very low credit score, you may want to consider taking a few months to improve your credit score.

Should you get a home improvement loan with bad credit?


Ultimately, the decision is yours. However, if your home improvement project is not an emergency home repair, then you may want to consider holding off on the project until you can improve your credit score to at least the fair credit category. Any home improvement project like building a deck, installing a concrete patio, remodeling the kitchen, or putting on a small addition, can wait a while until you can improve your credit score. If your furnace goes out, a pipe bursts or your roof is leaking an incredible amount every time it rains, then you may not have the luxury to wait for your credit score to increase. If you have bad credit and you can afford to wait on your home improvement project, doing so could end up saving you thousands of dollars.

Will your rate be higher if you get a home improvement loan with bad credit?


Yes, there is a good chance that if you apply and get a personal home improvement loan that you will be required to pay higher interest rates than someone who applies and obtains the same loan and has good credit. Most lenders give their estimated APRs in the form of a range. For example, OneMain Financial explicitly states that its personal loans can come with an estimated APR that ranges from 8.98% to 36%. Typically, the 8.98% APR is reserved for borrowers who have the highest credit scores of 800+. If you have bad credit, then if you do qualify for a personal home improvement loan through OneMain Financial, then you may have an interest rate that is closer to the 30% to 36% end of the estimated APR spectrum.

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


Credit score minimum requirements for personal home improvement loans vary by lender. For example, check out the following minimum credit score from some of the most popular and trusted lenders on the lending market.

LightStream: 660

SoFi: 680

BestEgg: 600

Prosper: 600

Upgrade: 560

Axos Bank: 700

OneMain Financial: 600

LendingPoint: 600

Can I get a home equity loan with a 500 credit score?


The chances of getting a home equity loan through a private lender with a credit score of 500 are slim to none. However, you may be able to apply for and qualify for an FHA 203k rehabilitation loan with a credit score of 500 as long as you have a down payment of at least 10%.

Can you get a home improvement loan with a 600 credit score?


Yes, there are several online lenders who are willing to work with a potential borrower wanting a home improvement loan who has a credit score of 600. Some lenders include BestEgg, Prosper, Upgrade, OneMain Financial, and LendingPoint.

Can I get a renovation loan with bad credit?


Yes, depending on how bad your credit score is, there are still many private lenders and government organizations that are willing to work with you to help you acquire the funds necessary to renovate your home.

One home, endless possibilities


Personal Loan Information