How it works
Three options most homeowners consider.
Home-improvement loan
An unsecured loan from a bank, credit union, or online lender. Generally faster to set up than a HELOC; rates are typically higher than home-equity-secured options.
HELOC (home equity line of credit)
Lower rates than unsecured loans, secured against home equity. Set-up generally takes longer, which is why it is worth starting during design and permitting rather than after.
Cash / phased budgeting
Some homeowners prefer to pay as work progresses. We can phase work to align with how you want to fund the project.
Honest note
Udi's Construction does not currently have a lender partner and does not refer homeowners to one. Arrange funding with a bank, credit union, or lender you choose.
Financing questions
Common questions
- Common ways homeowners fund a remodel include cash or savings, a home-equity line of credit (HELOC) secured against the home, and an unsecured home-improvement loan from a bank, credit union, or online lender. Which one fits depends on your equity, your timeline, and the rate you can get. You arrange financing directly with the lender you choose.