Home Improvement Financing News - Foundation Finance

Everything You Need to Know About Home
Improvement Financing

Close more sales with customer financing.

Financing isn’t limited to cars and big box stores. Learn how to leverage home improvement financing to close more sales and increase your average sales price. Whether you work in roofing, siding, HVAC, water treatment systems, or another home improvement field, we have the information you need to understand how to get the most from home improvement and renovation financing here. Explore all our blogs below or search one of these popular topics:

Customer Management

Learn how to nurture and support home improvement leads and customers once they enter your sales funnel.

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Email Marketing Tips for Your Small Business

Email marketing is a great way to nurture potential customers and earn referrals and repeat business. Find tips to get results from your email campaigns below.

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End of Summer Productivity Tips

Closing sales, completing projects, lining up new business, working with suppliers and collecting payments are just some…

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Tips to Connect with Customers Before, During, and After the Job

Forging a connection with your customers can lead to better reviews, repeat customers, and more referrals. Get started with these tips.

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Business Growth

Find key business tips and techniques to help grow and develop effective business practices.

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Top 5 Reasons to Offer Financing

Improve your sales process and help your customers at the same time by offering financing. Discover how financing can help you close more sales, improve your cash flow and more!

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Website Marketing Tips for Your Small Business

Growing your business isn’t about trying the next big thing or creating a large marketing budget. As…

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two carpenters planning on tablet

Email Marketing Tips for Your Small Business

Email marketing is a great way to nurture potential customers and earn referrals and repeat business. Find tips to get results from your email campaigns below.

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Finding Customers

Explore new lead generation techniques and sources to create more customers for your home improvement business.

Promote financing and close more sales

Do you make it easy for your customers to see that you offer financing? Or are they…

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More tools to help you close sales

You already know that Foundation Finance Company offers flexible, competitive consumer financing programs for the home improvement…

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How Home Improvement Financing Works

During the sale process you go over the value, timeline, and estimated price of the work your customer wants done on their home. Depending on the scale of the project, some of your customers end up stuck waiting for their application for a home equity loan or a mortgage refinance to go through. However, you can save time, close sales faster, and help your customers by offering a simple, flexible home improvement financing option.

 

Foundation Finance’s home improvement and renovation financing process is simple. You or your customer completes a short credit application online. We offer approvals for customers with FICOs as low as 600 so you can get your customers approved faster. We’ll typically let you know if your customer is approved in just a few minutes.

 

Once you have an approval, you can complete the home improvement financing documents online to print out or send them for electronic signing. After that, it’s just a matter of completing your project and submitting a completion form for funding. We will make a quick verification call to your customer and fund you by ACH. At that point, we handle all the billing and collection activities.

 

We also offer our home improvement contractors a variety of reduced APRs, half-pay, same-as-cash, and deferred payment programs to help close sales.

Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").

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