Whether you work with windows, roofs, turf, or general remodeling, one of the biggest hurdles you and your customers must overcome during the sales process is likely a project’s price. Labor and material costs have created a situation where many homeowners are happy to accept a payment plan rather than dish out large portions of their savings.
Luckily, finding financing options doesn’t have to be hard. Foundation Finance offers approvals for customers with a wide range of credit profiles and FICOs as low as 550. Our automated approval process can analyze and approve many of your customers in just minutes. However, we also have a team of dedicated credit professionals who will review your customer’s applications and create a financing offer based on more in-depth factors.
Foundation Finance also has a second look financing program. We are still open to offering your customers financing even if they have been turned down by other companies or banks. Simply send a copy of the denied application to us and our credit experts will do their best to find a financing option for your customers.
Unfortunately, we are not able to extend a financing option to everyone. However, there are ways to improve your customer’s approval odds and get a decision faster.
Fill out the application fully.
The information we request on the financing app helps us find an accurate account of your customer’s credit history – be sure the application is completely filled out and error free.Joint applications.
Your customer’s household income plays an important role in determining how much financing they can reasonably afford. Submitting a joint application can increase their chances of being approved, even if the second applicant’s FICO isn’t as strong as the first applicant’s.Only list verifiable income.
All income listed on the application must be verifiable by paycheck stub, tax returns or other means to be considered for approval.
Help your next customer find competitive rates on home improvement financing through Foundation Finance! Check out our customer promos here or learn more about becoming a dealer.
Interested in other ways Foundation Finance can help you close your next sale? Contact us for more info: 1-855-241-0024, [email protected].
You can build on us. Enroll in the Foundation Finance dealer network today.
