Homeownership is an important part of the American dream, but sometimes it can be hard to come up with the cash you need to buy your home and make the improvements you want to make. Fortunately, some lenders specialize in offering home improvement loans like Foundation Finance Company, which offers financing options and payment plans that let you have everything you want at a price you can afford. Check out these other great loan options from Company.
What Makes Foundation Finance Different?
Founded in 2014, Foundation Finance is a lender that helps contractors offer their customers financing options for their home improvement projects. The company works directly with contractors to help them access capital and provide customers with seamless financing solutions. By taking care of everything from valuation to closing, Foundation allows contractors to spend more time in Western Finance on what they do best: growing their business! Unlike its competitors, Foundation offers 24/7 customer service in both English and Spanish and repayment options that don’t require a personal guarantee from customers.
The lending Foundation Finance startup is currently raising $250 million of its funding at a valuation of $600 million. Foundation’s decision to focus on contractors comes from a personal connection to them. As a company built by and for contractors, Foundation knows firsthand how challenging it can be to build a successful business. That’s why every foundation employee takes their turn in a three-month rotation with borrower calls and some have even joined one of Foundation’s financial programs! This is about showing that you care about your customer and aren’t just looking for a commission. The founders aim for a long-term commitment with Foundation and its customers. Being part of something bigger than themselves or seeing Foundation change is what drives them forward.
Consumer Affordability Calculator
Use our affordability calculator to help you determine if your next project is within reach. Simply select between 1-4 bedrooms, input how much you’re looking to spend, and determine what size Foundation Finance loan works best for you. The FFCU Affordability Calculator will provide an estimated approval and interest rate. If a contractor wants to show their customer financing options for their home improvement or renovation project, they need a lender that understands consumer preferences as Foundation does. Since our lenders have worked directly with consumers, we are very aware of changing consumer habits, said Jerry Stuermering of Foundation Finance Company. We know that some consumers would prefer online applications and others may want telephone support only.
The lender that understands consumer preferences as Foundation does is Foundation, which is open to adapting its process to meet consumer demands. We know that some consumers would prefer online applications and others may want telephone support only, said Jerry Stuermering of Foundation.
With a team of highly trained people on our customer service Foundation Finance line, we are very flexible in how we interact with our customers. If a customer wants to apply for a loan online, we are more than happy to accommodate them by taking and reviewing an application online. Contractors need to offer financing options because it can help increase revenue on projects and reduce default rates. Remember, you need your customers financing options when they are making big investment decisions.
Home Affordability Calculator
Use Foundation Finance home affordability calculator to discover how much house you can afford in your neighborhood. The numbers might surprise you: They account for taxes, insurance, maintenance, and other costs that get baked into your monthly mortgage payment. This tool may even point out a new neighborhood where you can buy a more comfortable home than you could Foundation Finance in your current community. Best of all, it’s super easy to use just plug in your price range and desired purchase date to find out if moving is worth it.
You’ll also see what kind of mortgage payments are within reach for an 80 percent loan-to-value ratio. Based on data from CoreLogic and local information from Zillow and Trulia, the calculator estimates your property tax rate based on location. It can take a lot of research to find out what you can afford and how much money you need for a down payment. Luckily, Foundation is here to help. We have a variety of financing programs that make it easy for contractors like you to help your customers get financed with little or no money down.