A home improvement loan is a personal loan used to renovate, remodel, or improve your home. Home improvement loans can be used for minor or major projects. Unsecured home improvement loans means that your house is not used as collateral to secure the personal loan.
Customized financing to consolidate high-interest debt or fund major purchases or expenses.
Tailored commercial financing that supports all your business needs to help you grow quickly.
Tailored for entrepreneurs that want to establish additional active and passive income streams.
Tailored for entrepreneurs that want to establish additional active and passive income streams.
Customized financing to consolidate high-interest debt or fund major purchases or expenses.
Home Improvement Loans
Use a home improvement loan to make your dream a reality
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Large loan amounts: Up to $200K1
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Fixed affordable payments: Terms up to 10 years1,2
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Fast funding: In as few as 5 days3
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Concierge service: U.S.-based loan specialists for every application
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Property will not be used as collateral
No application fees, commitment, or impact on personal credit to check your rate.
Image is an example only and does not reflect actual customer information.
Home Improvement Loan Minimum Requirements
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Annual personal
income $75K
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No prior bankruptcy
or collections
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FICO 600
Ways to Use Your Loan
What is a home improvement loan?
A home improvement loan is a personal loan used to renovate, remodel, or improve your home. Home improvement loans can be used for minor or major projects. With BHG Financial, our Home Improvement Loan is unsecured, meaning that your house is not used as collateral to secure the personal loan.
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Kitchen/bath remodel
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Pool loan
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HVAC repairs
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Landscaping
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Energy-efficient updates
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Flooring
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ADU financing
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Roof repairs
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Home repairs
Seamless Experience
Upgrade your home with
hassle-free financing
As a busy professional, you work hard, and getting the funds you need to reinvent your living space should be easy. BHG Financial provides flexible home improvement loans with minimal paperwork and no personal collateral required.
A HASSLE-FREE PROCESS
How our home improvement loans work
As a busy professional or business owner, your time is valuable. At BHG Financial, we’ve streamlined the application process to get you funded fast so that you can get back to business.
1. View your offers
Provide basic personal and financial information to check your eligibility and unlock tailored offers. But don’t worry — there’s no impact on personal credit to check your rate.4
2. Get your funding decision
Your dedicated loan specialist will help you submit any necessary documents to confirm your qualifications and tailor a loan solution for your financing needs.
3. Receive funds fast
If approved, you will receive your funds in one lump sum in as few as 5 days.3
To achieve continued success, the country’s top professionals and business owners rely on BHG Financial for exceptional financing, a simplified lending process, and personalized service.
$18 Billion +
Loans funded
23 years
Lending experience
A+ Rating
BBB
170,000 +
Customers funded
Committed to being your financial partner
BHG Financial is committed to the success of our customers.
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Home Improvement Loan FAQs
Personal loans for home improvement can cover a range of projects from small enhancements to major home renovations. These home improvement loans are investments to potentially increase the value of a home. If a homeowner doesn’t have cash to fund these home repairs or renovations, then using a personal loan for home improvements could be a viable option to improve their property value.
Some projects you may consider with a home improvement loan could be:
- Bathroom remodel
- Custom kitchen remodel
- Roof replacement
- New appliances
- Foundation repair
- Basement remodel
- Home addition
Applying for a home improvement loan with BHG Financial is as easy as 1-2-3.
- Fill out an online application in minutes or call us directly to speak to a loan specialist.
- We'll gather the necessary documentation for you, which may include income verification documents such as tax returns and bank statements. If anything else is needed to process your application, we'll reach out to work with you.
- After we've received all the necessary information and documents, our team will review your qualifications and notify you promptly regarding approval.
Personal loans for home improvements are separate unsecured loans, meaning they are not tied to the value of your home and your home is not used as collateral.
A home equity line of credit (HELOC) is a loan which allows you to draw from the existing equity of your home as cash to finance things like large home renovations. A cash-out refinance involves refinancing your mortgage for more than the principal and converting the extra amount to cash, typically to finance home improvements or renovations.
Each loan option for home improvements has advantages and disadvantages, depending on your needs and financial situation.
At BHG Financial, our home improvement loans are not secured against personal collateral.
Credit cards typically have high interest rates and are variable. Home improvement loan rates tend to be lower, making monthly payments more affordable and saving you money on interest accrual over the lifetime of the debt.
At BHG Financial, our Home Improvement Loans are affordable with loans up to $200,0001 and extended repayment terms up to 10 years.1,2
Home improvement loan terms vary depending on the lender. BHG Financial Home Improvement Personal Loans allow you to finance up to 10 years.1,2
Applying for a home improvement loan will require meeting your lender’s criteria. Since most home improvement loans are unsecured, this criterion assures the lender that you can repay the loan. Lenders will typically evaluate your credit score, income, and debt-to-income ratio, among other factors.
BHG Financial’s home improvement loan is an unsecured loan. This means that it is not tied to your home and you do not need to provide collateral for the loan.
With the BHG Financial home improvement personal loan, you can borrow up to $200,0001 for your home repair, remodel, or renovation needs.
See real offers fast
There is no cost, commitment, or impact on personal credit to view your loan offer.4
Personal loans not currently available in Illinois or Maryland.
1Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile. Finance amount may vary depending on the applicant's state of residence.
2Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,229.
Annual percentage rates (APRs) for BHG Financial personal loans range from 11.96% to 24.91%, with terms from 3 to 10 years.
3This is not a guaranteed offer of credit and is subject to credit approval.
4There is no impact on your credit for applying. For personal loans, a complete credit history, which will appear as an inquiry on your credit report, will be performed upon acceptance and funding of the loan and may impact your credit.
Testimonial(s) based on unique customer experience. Individual customer experiences may vary.
Consumer loans funded by one or more participating lenders. Equal Housing Lenders.
For California Residents: BHG Financial loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.