Check Out Loans for Home Remodeling

One of the benefits of being a homeowner is the quick access to cash with home remodel loans and credit lines. Do you need money to remodel your home? In most cases, renovating a house will increase the value of your property.
Financing a home remodel is much easier than people think and you have nothing to lose with a free evaluation for a home remodeling loan from one of our friendly loan officers.

How Much Do You Want to Borrow?


See Lenders for Terms and Conditions

We provide home remodeling financing with 1st or 2nd mortgage programs. We have hired a staff that is well-versed on house remodel loans and construction financing. Choose from a variety of our house improvement loans and equity lines from $20,000 to $2 million.
Home improvement loans typically offer greater flexibility, allowing you to finance various home projects, such as installing a new roof or landscaping. Conversely, home renovation loans may have more specific requirements, mandating that the funds be used for particular types of renovations, such as kitchen or bathroom remodels.


Whether you need a little money for house repairs or a full blown home remodeling loan, B.D. Nationwide has the financing solutions you need to guarantee that your home improvement projects are a success. We offer low cost and no fee options with our loans for home remodeling and solar energy installation. In most cases, you can finance the fees in the credit line or select a no cost loan for home improvements.
home remodel loan

Get Quick Cash with Our Low Interest Loans for Home Remodeling

Discuss your house improvement loan eligibility with a licensed advisor and home equity specialist today. Qualified applicants can choose between a fixed principal and interest loan or an interest only payment option from a credit line. Rates on 2nd mortgages and home remodel loan programs are subject to change without notice. Always ask about what the home equity loan closing costs are before signing paperwork.

Home renovations can be an exciting endeavor, but financing them requires careful planning to avoid unnecessary debt. While using cash savings is the ideal method, as it incurs no interest and leaves you debt-free, not everyone has that financial flexibility. Compare the home equity loan and cash out refinance option.

For those who need to borrow, the initial inclination might be to turn to a credit card for its quick and convenient access to extra funds. However, unless you can promptly pay off the balance, there are more cost-effective and intelligent options for financing home improvements. These may include considering a home equity loan, a home equity credit line, also called a HELOC loan or exploring government-backed rehab loans.

Home remodel loans provide a financial solution for the frequently high costs associated with home renovations, enabling you to finance upgrades and repairs without bearing the immediate out-of-pocket expense.

Specialized options like the FHA 203k home renovation loan cater specifically to home renovation projects, while second mortgage alternatives such as home equity loans and HELOCs offer funds for remodeling or any other purpose.

Pros of Using a HELOC Loan for Home Improvements

  • Flexibility to borrow as needed, when needed.
  • Initial payments are interest-only.
  • Potential for a lower interest rate in the future.
  • Interest payments may be tax deductible.

Cons of Using a HELOC Loan for Home Improvements

  • Approval to funding can take up to six weeks.
  • Floating interest rates may lead to payment increases.
  • Lower initial payments can result in overborrowing.
  • Requires a significant amount of home equity.

How the HELOC Line of Credit Works Best for Financing Home Remodeling and Renovations

A home equity line of credit establishes a revolving line of credit, allowing you to withdraw funds from the equity in your home as needed, up to a specified limit. Similar to a credit card, it is secured by the value of your home.

HELOC loans can be an effective means of financing home improvement projects with uncertain costs, preventing you from borrowing excessively or insufficiently. This approach is particularly advantageous when facing unpredictable expenses. Additionally, home improvement HELOC loans may be attractive if anticipating a soon-to-come drop in interest rates, as they don’t lock in a fixed rate.

Getting approved a home remodel loan will add second mortgage on your residence. This involves a more intricate process compared to obtaining a personal loan. If you need to $20,000 to $500,000, you will likely need a secured home improvement loan, like a HELOC or fixed home equity loan. BD Nationwide can initiate the process by introducing you to your mortgage lenders that specialize in loans for home remodeling, renovations and construction.

You should expect a more comprehensive underwriting procedure, potentially involving expenses for a home inspection and closing costs, but remodeling your home will be worth it because you can enjoy it and it will likely increase the value of your home. Upon successful completion of this process, if approved, you will receive your cash in a lump sum through a home equity loan or you can access funds as you need them with a home equity line of credit. Learn more about HELOC credit requirements.

What are the costs associated with home remodel loans?

Remodeling you home can range from cost-effective changes like updating cabinet hardware to more substantial endeavors such as constructing an addition. For significant projects that prompt you to consider a home remodel loan, it’s advisable to estimate the entire project cost before applying for the loan. While this estimation can be challenging, having a projected budget in mind reduces the likelihood of encountering financial constraints midway through the project.

The costs can vary based on the type of loan you choose to apply for. One significant advantage of a personal loan for home improvements is the presence of a fixed-interest rate, ensuring consistent payments until the loan is fully repaid. This provides assurance that the payments align with your budget both currently and in the future. The interest rate offered is determined by factors such as your income, debt-to-income ratio, credit history, and other relevant considerations.

Interest rates on home remodeling loans are also influenced by the lending institution. Some mortgage lenders impose origination fees and additional expenses, potentially increasing the overall cost of the loan, even if the interest rate appears low.

See Loan Options from Top Lenders

Home Equity
Cash Out
Home Purchase
Free Quotes