{"id":814,"date":"2025-05-06T16:34:45","date_gmt":"2025-05-06T16:34:45","guid":{"rendered":"http:\/\/www.online-casinos-download.com\/?p=814"},"modified":"2025-05-07T23:08:45","modified_gmt":"2025-05-07T23:08:45","slug":"6-best-home-improvement-loans-for-2025","status":"publish","type":"post","link":"http:\/\/www.online-casinos-download.com\/index.php\/2025\/05\/06\/6-best-home-improvement-loans-for-2025\/","title":{"rendered":"6 Best Home Improvement Loans for 2025"},"content":{"rendered":"<p>Making improvements to a home might have an upfront fee, but it can be an incredibly smart way to sell a home for more money, get a property for the best value, or increase equity. As a real estate agent, it\u2019s important to share with clients the pros, cons, and strategies for renovating or making small improvements to houses. This knowledge can help you help clients make smart decisions when buying, selling, or improving a property.&nbsp;<\/p>\n<p>There are many ways to get funds for home improvements, so I\u2019ve gathered the six best home improvement loans for you to use or recommend to clients:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/link.technologyadvice.com\/r\/figure-heloc\" target=\"_blank\" rel=\"noopener sponsored nofollow\">Figure HELOC<\/a><\/strong>: Best for real estate investors<\/li>\n<li><strong><a href=\"https:\/\/link.technologyadvice.com\/r\/renofi-main\" target=\"_blank\" rel=\"noopener sponsored nofollow\">Renofi<\/a><\/strong>: Best for major renovations<\/li>\n<li><strong><a href=\"https:\/\/link.technologyadvice.com\/r\/sofi-home-improvement-loan\" target=\"_blank\" rel=\"noopener sponsored nofollow\">SoFi<\/a><\/strong>: Best for homeowners with limited equity<\/li>\n<li><strong><a href=\"https:\/\/link.technologyadvice.com\/r\/sofi-home-improvement-loan\" target=\"_blank\" rel=\"noopener sponsored nofollow\">Fannie Mae HomeStyle\u00ae Renovation Loan<\/a><\/strong>: Best for financing a home purchase and renovation in one<\/li>\n<li><strong><a href=\"https:\/\/link.technologyadvice.com\/r\/discover-home-loan\" target=\"_blank\" rel=\"noopener sponsored nofollow\">Discover home loan<\/a><\/strong>: Best fixed-rate loan with no additional fees<\/li>\n<li><strong><a href=\"https:\/\/link.technologyadvice.com\/r\/aven-main\" target=\"_blank\" rel=\"noopener sponsored nofollow\">Aven HELOC<\/a><\/strong>: Most flexible, credit card-style access to home equity<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"picks\">The Close\u2019s top picks for best home improvement loans<\/h2>\n<table id=\"tablepress-2659\" class=\"tablepress tablepress-id-2659 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th class=\"column-1\">Home improvement loan<\/th>\n<th class=\"column-2\">Type of financing<\/th>\n<th class=\"column-3\">Loan amounts<\/th>\n<th class=\"column-4\">Interest rates<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td rowspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Figure logo.\" width=\"150\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/figure.jpg\"><\/td>\n<td class=\"column-2\">HELOC<\/td>\n<td class=\"column-3\">$15,000-$400,000<\/td>\n<td class=\"column-4\">7.1%-15.3%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"3\" class=\"column-2\"><strong><a>Visit Figure<\/a><\/strong><\/td>\n<\/tr>\n<tr class=\"row-4\">\n<td rowspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Renofi logo.\" width=\"150\" class=\"lazyload\" data-src=\"http:\/\/www.online-casinos-download.com\/wp-content\/uploads\/2025\/05\/renofi.jpg\"><\/td>\n<td class=\"column-2\">HELOC<\/td>\n<td class=\"column-3\">$25,000-$750,000<\/td>\n<td class=\"column-4\">Starting at 8.5%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n<td colspan=\"3\" class=\"column-2\"><strong><a class=\"thirstylink\">Visit Renofi<\/a><\/strong><\/td>\n<\/tr>\n<tr class=\"row-6\">\n<td rowspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"SoFi logo.\" width=\"150\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/sofi.jpg\"><\/td>\n<td class=\"column-2\">Unsecured personal loan<\/td>\n<td class=\"column-3\">$5,000-$100,000<\/td>\n<td class=\"column-4\">8.99%-29.49%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n<td colspan=\"3\" class=\"column-2\"><strong><a class=\"thirstylink\">Visit SoFi<\/a><\/strong><\/td>\n<\/tr>\n<tr class=\"row-8\">\n<td rowspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Fannie Mae logo.\" width=\"150\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/fannie-mae.jpg\"><\/td>\n<td class=\"column-2\">Mortgage or refinance<\/td>\n<td class=\"column-3\">Up to 75% of the purchase price and renovation costs<\/td>\n<td class=\"column-4\">Not disclosed<\/td>\n<\/tr>\n<tr class=\"row-9\">\n<td colspan=\"3\" class=\"column-2\"><strong><a class=\"thirstylink\">Visit Fannie Mae HomeStyle\u00ae Renovation Loan<\/a><\/strong><\/td>\n<\/tr>\n<tr class=\"row-10\">\n<td rowspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Discover logo.\" width=\"150\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/discover.jpg\"><\/td>\n<td class=\"column-2\">Unsecured personal loan<\/td>\n<td class=\"column-3\">$2,500-$40,000<\/td>\n<td class=\"column-4\">7.99%-24.99%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n<td colspan=\"3\" class=\"column-2\"><strong><a class=\"thirstylink\">Visit Discover home loan<\/a><\/strong><\/td>\n<\/tr>\n<tr class=\"row-12\">\n<td rowspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Aven logo.\" width=\"150\" class=\"lazyload\" data-src=\"http:\/\/www.online-casinos-download.com\/wp-content\/uploads\/2025\/05\/aven.jpg\"><\/td>\n<td class=\"column-2\">HELOC<\/td>\n<td class=\"column-3\">Up to $250,000<\/td>\n<td class=\"column-4\">6.99%-15.49%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n<td colspan=\"3\" class=\"column-2\"><strong><a class=\"thirstylink\">Visit Aven HELOC<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2659 from cache --><\/p>\n<h2 class=\"wp-block-heading\" id=\"figure\">Figure HELOC: Best for investors<\/h2>\n<table id=\"tablepress-2661\" class=\"tablepress tablepress-id-2661 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th colspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Figure logo.\" width=\"180\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/figure.jpg\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\"><strong>Pros<\/strong><\/p>\n<ul>\n<li>Five-minute application process and funding in<br \/>as little as 5 days<\/li>\n<li>Predictable monthly payments<\/li>\n<li>Available in every state except New York<\/li>\n<\/ul>\n<\/td>\n<td class=\"column-2\"><strong>Cons<\/strong><\/p>\n<ul>\n<li>High origination fee<\/li>\n<li>Low credit scores may not qualify<\/li>\n<li>Must have sufficient home equity<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"2\" class=\"column-1\"><strong>Terms<\/strong><\/p>\n<ul>\n<li>Loan amounts between $15,000-$400,000<\/li>\n<li>APR rates range between 7.1%-15.3%<\/li>\n<li>Repayment options of 5, 10, 15, or 30 years<\/li>\n<li>One-time origination fee up to 4.99% of initial draw<\/li>\n<li>Option to redraw up to 100%<\/li>\n<li>HELOCs are secured with your home as collateral<\/li>\n<li>Approved property types: Single-family homes, townhomes, PUDs, most condos, multi-family properties, and duplexes<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2661 from cache --><\/p>\n<div class=\"text-center\">\n    <a class=\"button  \">Visit Figure<\/a>\n  <\/div>\n<p>According to <a href=\"https:\/\/www.hel.news\/articles\/bank-home-equity-news\/biggest-heloc-lenders-041425\/\" target=\"_blank\" rel=\"noopener nofollow\">Home Equity Lending News<\/a>, Figure is the #1 non-bank HELOC (home equity line of credit) in the country. It allows you to take up to $400,000 in home equity with a fixed interest rate, which means you will have predictable monthly payments. Plus, it\u2019s one of the only types of home improvement lenders that will finance a variety of property types, including secondary homes and investment properties.\u00a0<\/p>\n<p>While your specific interest rate and the amount you can borrow depend on your creditworthiness, debt-to-income (DTI) ratio, and equity, Figure\u2019s interest rates can be lower than most other options. Given these, it has one of the best home renovation loans for homeowners and real estate investors wanting financing for large rehabs.<\/p>\n<p class=\"gray-tb\"><strong><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcd6\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4d6.png\">Helpful resource: <\/strong><a href=\"https:\/\/theclose.com\/real-estate-investing\/\">How to Invest in Real Estate: A Beginner\u2019s Guide<\/a><\/p>\n<h2 class=\"wp-block-heading\" id=\"renofi\">Renofi: Best for large loans and major renovations<\/h2>\n<table id=\"tablepress-2662\" class=\"tablepress tablepress-id-2662 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th colspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Renofi logo.\" width=\"180\" class=\"lazyload\" data-src=\"http:\/\/www.online-casinos-download.com\/wp-content\/uploads\/2025\/05\/renofi.jpg\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\"><strong>Pros<\/strong><\/p>\n<ul>\n<li>Up to 90% of a home\u2019s ARV<\/li>\n<li>No prepayment penalties<\/li>\n<li>Doesn\u2019t require inspections and draws<\/li>\n<li>Available in every state<\/li>\n<\/ul>\n<\/td>\n<td class=\"column-2\"><strong>Cons<\/strong><\/p>\n<ul>\n<li>Requires a home appraisal<\/li>\n<li>Not ideal for small projects<\/li>\n<li>Variable interest rates can lead to higher payments over time<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"2\" class=\"column-1\"><strong>Terms<\/strong><\/p>\n<ul>\n<li>Loan amounts between $25,000-$750,000<\/li>\n<li>Terms of 10, 15, or 20 years<\/li>\n<li>Variable rates start at 8.5%<\/li>\n<li>Borrow up to 90% of a home\u2019s after-repair value (ARV)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2662 from cache --><\/p>\n<div class=\"text-center\">\n    <a class=\"button  \">Visit Renofi<\/a>\n  <\/div>\n<p>RenoFi stands out as one of the best home remodeling loans because of its high potential loan amount of up to $750,000. Even though this loan is a HELOC, the amount you can borrow isn\u2019t based solely on the amount of equity you have in your home. Instead, the RenoFi home remodel loan is based on your home\u2019s ARV (after repair value), and you can finance up to 90% of that value! For this reason, RenoFi is the best choice for those wanting to do big projects and major renovations.<\/p>\n<h2 class=\"wp-block-heading\" id=\"sofi\">SoFi: Best for homeowners with limited equity<\/h2>\n<table id=\"tablepress-2663\" class=\"tablepress tablepress-id-2663 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th colspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"SoFi logo.\" width=\"180\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/sofi.jpg\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\"><strong>Pros<\/strong><\/p>\n<ul>\n<li>Same-day funding<\/li>\n<li>No origination fees or prepayment penalties<\/li>\n<li>Doesn\u2019t risk your home as collateral<\/li>\n<\/ul>\n<\/td>\n<td class=\"column-2\"><strong>Cons<\/strong><\/p>\n<ul>\n<li>Interest rates are dependent on creditworthiness<\/li>\n<li>Maximum loan amount may limit your renovation<\/li>\n<li>Fixed loan amount<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"2\" class=\"column-1\"><strong>Terms<\/strong><\/p>\n<ul>\n<li>Loan amounts between $5,000-$100,000<\/li>\n<li>APR rates range between 8.99%-29.49%<\/li>\n<li>Terms between 2-7 years<\/li>\n<li>Fixed interest rates<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2663 from cache --><\/p>\n<div class=\"text-center\">\n    <a class=\"button  \">Visit SoFi<\/a>\n  <\/div>\n<p>The SoFi home improvement loan is an unsecured personal loan, which means that it does not use your home as collateral. This is ideal for those who don\u2019t have sufficient equity in their home for home equity loans or lines of credit. Since it is an online company, you can get funding the same day you apply. Plus, checking your rate and eligibility doesn\u2019t impact your credit score, so it\u2019s a great option as you look further into the top home improvement loans.<\/p>\n<p>On the other hand, the maximum loan amount from a SoFi personal loan is only $100,000. Plus, the interest rates for personal loans are generally higher than interest rates for home equity loans. This means that the SoFi loan wouldn\u2019t be the best choice of funding for a fix and flip project or a huge renovation \u2014 but it could be the perfect solution for smaller home upgrades.<\/p>\n<p class=\"gray-tb\"><strong>Need financing for a fix and flip project?<\/strong> Check The Close\u2019s roundup of the <a href=\"https:\/\/theclose.com\/best-fix-and-flip-loans\/\">best fix and flip loans<\/a> for some vetted options.<\/p>\n<h2 class=\"wp-block-heading\" id=\"fannie\">Fannie Mae HomeStyle\u00ae Renovation Loan: Best combined purchase &amp; renovation<\/h2>\n<table id=\"tablepress-2664\" class=\"tablepress tablepress-id-2664 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th colspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Fannie Mae logo.\" width=\"180\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/fannie-mae.jpg\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\"><strong>Pros<\/strong><\/p>\n<ul>\n<li>Flexibility to use the loan for a variety of renovations<\/li>\n<li>Great for large renovations and long-term financing<\/li>\n<li>Great for increasing the value of your home<\/li>\n<\/ul>\n<\/td>\n<td class=\"column-2\"><strong>Cons<\/strong><\/p>\n<ul>\n<li>More complicated qualification process<\/li>\n<li>Requires mortgage and hazard insurance<\/li>\n<li>Fees and terms are based on a variety of credit and financial qualifications<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"2\" class=\"column-1\"><strong>Terms<\/strong><\/p>\n<ul>\n<li>Covers up to 75% of the purchase price and renovation costs<\/li>\n<li>Ability to draw up to 50% of funds upfront<\/li>\n<li>Available as a 15 or 30-year mortgage or adjustable-rate mortgage (ARM)<\/li>\n<li>Approved property types: One- to four-unit primary residences, one-unit second homes, and one-unit investment properties, including condos, co-ops, and planned unit developments (PUDs)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2664 from cache --><\/p>\n<div class=\"text-center\">\n    <a class=\"button  \">Visit Fannie Mae<\/a>\n  <\/div>\n<p>The Fannie Mae renovation loan is unique because it can be used to refinance an existing home or as the financing for a new property. The loan covers up to 75% of the purchase price of the home and the renovation costs, and the terms are similar to a typical mortgage of 15 or 30 years.&nbsp;<\/p>\n<p>While the process of getting this loan is more involved than other options on our list, this could be an ideal strategy for those who are planning to make improvements that significantly increase the value of their home. It\u2019s undoubtedly the best loan for home improvements with a long-term timeline.<\/p>\n<h2 class=\"wp-block-heading\" id=\"discover\">Discover Home Remodel Loan: Best fixed-rate loan with no fees<\/h2>\n<table id=\"tablepress-2665\" class=\"tablepress tablepress-id-2665 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th colspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Discover logo.\" width=\"180\" class=\"lazyload\" data-src=\"https:\/\/assets.theclose.com\/uploads\/2025\/05\/discover.jpg\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\"><strong>Pros<\/strong><\/p>\n<ul>\n<li>No origination fees or prepayment penalties<\/li>\n<li>No borrowing against your home<\/li>\n<li>Fast application process and funding<\/li>\n<li>Fixed interest rates<\/li>\n<\/ul>\n<\/td>\n<td class=\"column-2\"><strong>Cons<\/strong><\/p>\n<ul>\n<li>Maximum loan amount may not work for large renovations<\/li>\n<li>Approval depends on your income, DTI, and credit history<\/li>\n<li>Additional fees apply for late payments<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"2\" class=\"column-1\"><strong>Terms<\/strong><\/p>\n<ul>\n<li>Loan amounts from $2,500-$40,000<\/li>\n<li>APR rates range between 7.99%-24.99%<\/li>\n<li>Fixed interest rates<\/li>\n<li>Repayment terms between 3-7 years<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2665 from cache --><\/p>\n<div class=\"text-center\">\n    <a class=\"button  \">Visit Discover<\/a>\n  <\/div>\n<p>The Discover home remodel loan is actually an unsecured personal loan. It\u2019s similar to the SoFi home remodel loan, which means that it does not use your home as collateral, offers a predictable, fixed interest rate, and doesn\u2019t slap on additional fees for taking out or paying off the loan.&nbsp;<\/p>\n<p>Its home loan has a lower maximum amount, but also has a lower starting interest rate. If you are looking to do a few small improvements without going through a complicated loan process, Discover might be the best home improvement loan for you.<\/p>\n<h2 class=\"wp-block-heading\" id=\"aven\">Aven: Most flexible access to home equity<\/h2>\n<table id=\"tablepress-2666\" class=\"tablepress tablepress-id-2666 tbody-has-connected-cells\">\n<thead>\n<tr class=\"row-1\">\n<th colspan=\"2\" class=\"column-1\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Aven logo.\" width=\"180\" class=\"lazyload\" data-src=\"http:\/\/www.online-casinos-download.com\/wp-content\/uploads\/2025\/05\/aven.jpg\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\"><strong>Pros<\/strong><\/p>\n<ul>\n<li>15-minute application process<\/li>\n<li>No annual fees or prepayment penalties<\/li>\n<li>2% cashback rewards<\/li>\n<\/ul>\n<\/td>\n<td class=\"column-2\"><strong>Cons<\/strong><\/p>\n<ul>\n<li>Must have equity in your home<\/li>\n<li>Minimum FICO score of 620<\/li>\n<li>Rates depend on your income, debt, and credit score<\/li>\n<li>2.5% fee on cash-out deposits<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td colspan=\"2\" class=\"column-1\"><strong>Terms<\/strong><\/p>\n<ul>\n<li>Loan amounts up to $250,000<\/li>\n<li>APR rates range between 6.99%-15.49%<\/li>\n<li>Unlimited 2% cash back<\/li>\n<li>Monthly payments are 1% of the principal balance, plus interest<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2666 from cache --><\/p>\n<div class=\"text-center\">\n    <a class=\"button  \">Visit Aven<\/a>\n  <\/div>\n<p>Aven is an online lender with a HELOC option that comes in the form of a Visa credit card. It even offers 2% cashback on your purchases. Like some of the other online financing options, the application process is extremely quick and easy, so you could have your Aven credit card in about a week.&nbsp;<\/p>\n<p>There are no upfront fees or penalties for paying off the card. If you\u2019re planning on making mid-sized or large home improvements, Aven is the fastest, most user-friendly way to leverage your equity.<\/p>\n<h2 class=\"wp-block-heading\" id=\"methodology\">Methodology: How we evaluated the best home improvement loans<\/h2>\n<p>At The Close, our highest priority is giving real estate professionals accurate, objective information to make smart choices and grow a <a href=\"https:\/\/theclose.com\/how-to-be-a-successful-real-estate-agent\/\">successful real estate business<\/a>. We do this by working as a team of real estate professionals, researchers, writers, and real estate experts to thoroughly research every topic and organize it by what\u2019s most important for agents.&nbsp;<\/p>\n<p>To help you find and choose the best home renovation loans, we carefully evaluated a wide range of financing options. Our detailed criteria for home improvement loans includes:&nbsp;<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Type of financing<\/strong>: We selected multiple types of financing that were most fitting for the needs of homeowners, investors, or homebuyers who want to make home improvements.<\/li>\n<li><strong>Fees &amp; interest rates<\/strong>: We looked for the best home improvement loans with low interest rate options, keeping in mind that the type of financing and the applicant\u2019s credit score will directly impact the interest rate.<\/li>\n<li><strong>Qualification criteria<\/strong>: Many people who want to do home improvements do not have incredibly high credit scores or a large amount of equity in their home, so we searched for loan options with reasonable eligibility requirements.<\/li>\n<li><strong>Repayment options<\/strong>: Home renovations can range from a few thousand dollars to a few hundred thousand dollars, so we looked for home improvement loans that made various improvements more achievable.<\/li>\n<li><strong>Reputation &amp; customer reviews<\/strong>: We looked at each brand\u2019s third-party reviews and prioritized loan options with many high ratings.<\/li>\n<li><strong>National availability<\/strong>: Not all home improvement lenders are available across the country, but we selected companies with the widest range of availability.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"choose\">How to choose the best home improvement loan<\/h2>\n<p>In order to choose the best home renovation loan, you need to have a clear understanding of your finances, the cost of your project, the timeline of your remodel, and your financing options. The right home renovation loan for you should fit your finances and the timeline of your project.<\/p>\n<p>Here\u2019s a general guide on when it&#8217;s best to use each different type of home renovation loan:<\/p>\n<table id=\"tablepress-2667\" class=\"tablepress tablepress-id-2667\">\n<thead>\n<tr class=\"row-1\">\n<th class=\"column-1\">Type of loan<\/th>\n<th class=\"column-2\">What it is<\/th>\n<th class=\"column-3\">Best used when:<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\">Home equity loan<\/td>\n<td class=\"column-2\">A lump sum based on the equity of your home. You only pay interest on the amount of money that you use.<\/td>\n<td class=\"column-3\">\n<ul>\n<li>You have a significant amount of equity in your home<\/li>\n<li>You want the lowest available interest rates<\/li>\n<li>You want the money in a lump sum up front<\/li>\n<p>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td class=\"column-1\">HELOC<\/td>\n<td class=\"column-2\">A line of credit based on the equity of your home. You only pay interest on the amount of money that you use.<\/td>\n<td class=\"column-3\">\n<ul>\n<li>You have a significant amount of equity in your home<\/li>\n<li>You want the lowest available interest rates<\/li>\n<li>You need flexible access to funds for ongoing projects<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-4\">\n<td class=\"column-1\">Cash-out refinance<\/td>\n<td class=\"column-2\">Replaces your existing mortgage with a new one at a higher amount, and you receive the difference in cash.<\/td>\n<td class=\"column-3\">\n<ul>\n<li>You have enough equity in your home to finance your renovation<\/li>\n<li>You\u2019d prefer having a higher mortgage payment than an additional payment<\/li>\n<p>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-5\">\n<td class=\"column-1\">Unsecured personal loan<\/td>\n<td class=\"column-2\">Unsecured means you won\u2019t use your home as collateral. Typically faster and easier to get than HELOCs, but have a higher interest rate and shorter repayment periods.<\/td>\n<td class=\"column-3\">\n<ul>\n<li>You don\u2019t want to use your home as collateral<\/li>\n<li>You don\u2019t have enough equity in your home to fund your renovation<\/li>\n<li>You can pay the fee back within about seven years<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-6\">\n<td class=\"column-1\">Credit cards<\/td>\n<td class=\"column-2\">There are credit cards that offer a 0% interest rate for a short time. This can be enough to finance and pay off a few home improvements.<\/td>\n<td class=\"column-3\">\n<ul>\n<li>You don\u2019t want to use your home as collateral<\/li>\n<li>You don\u2019t have enough equity in your home to fund your renovation<\/li>\n<li>You are not doing a major remodel<\/li>\n<li>You can pay the renovation costs back before high interest rates accrue<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr class=\"row-7\">\n<td class=\"column-1\">Hard money loans<\/td>\n<td class=\"column-2\">Usually have a higher interest rate and a short repayment time, these can be great for investments and small to mid-sized projects. Typically offered by private, non-bank lenders who can give you funding upfront.<\/td>\n<td class=\"column-3\">\n<ul>\n<li>You don\u2019t want to use your home as collateral<\/li>\n<li>You don\u2019t have enough equity in your home to fund your renovation<\/li>\n<li>You have low credit or unconventional income<\/li>\n<li>You can pay the fee back within a few years<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><!-- #tablepress-2667 from cache --><\/p>\n<div id=\"related-articles-block_976141ac338eb06270bd3a532da564ea\" class=\" border-top mb-40\">\n<div class=\"text-uppercase font-weight-black roboto-12 letter-spacing-1 opacity-50 text-center mt-32\">Related Articles<\/div>\n<ul class=\"list-multiple-articles list-unstyled row mt-32 \">\n<li class=\"col-sm-4\">\n            <a href=\"https:\/\/theclose.com\/best-credit-cards-for-real-estate-agents\/\" class=\"w-100  mb-16 mb-sm-0 related-article black text-decoration-none d-flex flex-row align-items-center d-sm-block \"><\/p>\n<div class=\"w-160 w-sm-100 flex-shrink-0\">\n<div class=\"background-image bg-black-05 w-100 ratio-1-6 mb-sm-16 lazyload\" style=\"background-image: url(http:\/\/www.online-casinos-download.com\/wp-includes\/images\/blank.gif)\" data-background-image=\"https:\/\/assets.theclose.com\/uploads\/2025\/04\/Untitled-design-28-300x188.png\"><\/div>\n<\/p><\/div>\n<div class=\"ms-24 ms-sm-0 mb-0 roboto-16 roboto-sm-14 line-height-160\">6 Best Credit Cards for Real Estate Agents in 2025<\/div>\n<p>            <\/a>\n          <\/li>\n<li class=\"col-sm-4\">\n            <a href=\"https:\/\/theclose.com\/best-hard-money-lenders\/\" class=\"w-100  mb-16 mb-sm-0 related-article black text-decoration-none d-flex flex-row align-items-center d-sm-block \"><\/p>\n<div class=\"w-160 w-sm-100 flex-shrink-0\">\n<div class=\"background-image bg-black-05 w-100 ratio-1-6 mb-sm-16 lazyload\" style=\"background-image: url(http:\/\/www.online-casinos-download.com\/wp-includes\/images\/blank.gif)\" data-background-image=\"https:\/\/assets.theclose.com\/uploads\/2020\/10\/AdobeStock_189658368-scaled.jpeg\"><\/div>\n<\/p><\/div>\n<div class=\"ms-24 ms-sm-0 mb-0 roboto-16 roboto-sm-14 line-height-160\">The 6 Best Hard Money Lenders of 2025 (+ Interest Rates &amp; Fees)<\/div>\n<p>            <\/a>\n          <\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"faq\">Frequently asked questions (FAQs)<\/h2>\n<div class=\"d-flex justify-content-between align-items-center cursor-pointer pe-24 close-accordion-heading collapsed\">\n<h3 id=\"is-it-a-good-idea-to-take-out-loans-for-home-improvements\" class=\"my-40\">Is it a good idea to take out loans for home improvements?<br \/>\n\t\t\t\t<\/h3>\n<p><img alt=\"expand\/collapse\" class=\"ms-24 w-16 flex-shrink-0 rotate-180 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/theclose.com\/wp-content\/themes\/theclose\/assets\/images\/icons\/chevron-down.svg\"><\/div>\n<div id=\"is-it-a-good-idea-to-take-out-loans-for-home-improvements-content\" class=\"close-accordion-content collapsed mb-40\">\n<p>Every financial decision should be made by considering the specific situation. Taking out a loan to make home improvements can be a smart, profitable decision that increases the value of your home or makes an affordable property fit your needs. However, it\u2019s only a smart decision if you can afford additional payments and interest.<\/p>\n<\/div>\n<hr class=\"my-0\" \/>\n<div class=\"d-flex justify-content-between align-items-center cursor-pointer pe-24 close-accordion-heading collapsed\">\n<h3 id=\"is-it-hard-to-get-approved-for-a-home-improvement-loan\" class=\"my-40\">Is it hard to get approved for a home improvement loan?<br \/>\n\t\t\t\t<\/h3>\n<p><img alt=\"expand\/collapse\" class=\"ms-24 w-16 flex-shrink-0 rotate-180 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/theclose.com\/wp-content\/themes\/theclose\/assets\/images\/icons\/chevron-down.svg\"><\/div>\n<div id=\"is-it-hard-to-get-approved-for-a-home-improvement-loan-content\" class=\"close-accordion-content collapsed mb-40\">\n<p>In general, home equity loans or HELOCs require you to have a significant amount of equity in your home. On the other hand, personal loans often judge your eligibility by your income, credit score, and debt-to-income ratio. As long as you can prove that you can afford the payment, it\u2019s not extremely difficult to get approved for a home renovation loan.<\/p>\n<\/div>\n<hr class=\"my-0\" \/>\n<div class=\"d-flex justify-content-between align-items-center cursor-pointer pe-24 close-accordion-heading collapsed\">\n<h3 id=\"what-type-of-loan-is-best-for-home-improvements\" class=\"my-40\">What type of loan is best for home improvements?<br \/>\n\t\t\t\t<\/h3>\n<p><img alt=\"expand\/collapse\" class=\"ms-24 w-16 flex-shrink-0 rotate-180 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/theclose.com\/wp-content\/themes\/theclose\/assets\/images\/icons\/chevron-down.svg\"><\/div>\n<div id=\"what-type-of-loan-is-best-for-home-improvements-content\" class=\"close-accordion-content collapsed mb-40\">\n<p>The most common type of loans for home improvements are home equity loans or lines of credit and personal loans. These loans are often set up in a way that makes it easy to get enough money and get lower interest rates than other options, like credit cards.<\/p>\n<\/div>\n<hr class=\"my-0\" \/>\n<div class=\"d-flex justify-content-between align-items-center cursor-pointer pe-24 close-accordion-heading collapsed\">\n<h3 id=\"how-do-i-get-a-home-improvement-loan\" class=\"my-40\">How do I get a home improvement loan?<br \/>\n\t\t\t\t<\/h3>\n<p><img alt=\"expand\/collapse\" class=\"ms-24 w-16 flex-shrink-0 rotate-180 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/theclose.com\/wp-content\/themes\/theclose\/assets\/images\/icons\/chevron-down.svg\"><\/div>\n<div id=\"how-do-i-get-a-home-improvement-loan-content\" class=\"close-accordion-content collapsed mb-40\">\n<p>The specific steps to getting a home improvement loan will vary \u2014 but in general, it follows this process:<\/p>\n<ol>\n<li>Evaluate which type of loan is best for you.<\/li>\n<li>Gather required documentation about your property, income, debt, and credit history.<\/li>\n<li>Apply for funding with a lender and submit the required documents.<\/li>\n<li>View your rates and financing options.<\/li>\n<li>Finalize funding and receive it as a lump sum, line of credit, or new mortgage payment.<\/li>\n<\/ol>\n<\/div>\n<hr class=\"my-0\" \/>\n<p>The post <a href=\"https:\/\/theclose.com\/best-home-improvement-loans\/\">6 Best Home Improvement Loans for 2025<\/a> appeared first on <a href=\"https:\/\/theclose.com\">The Close<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Making improvements to a home might have an upfront fee, but it can be an incredibly smart way to sell a home for more money, get a property for the best value, or increase equity. As a real estate agent,&#8230; <\/p>\n","protected":false},"author":1,"featured_media":362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/posts\/814"}],"collection":[{"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/comments?post=814"}],"version-history":[{"count":2,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/posts\/814\/revisions"}],"predecessor-version":[{"id":818,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/posts\/814\/revisions\/818"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/media\/362"}],"wp:attachment":[{"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/media?parent=814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/categories?post=814"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.online-casinos-download.com\/index.php\/wp-json\/wp\/v2\/tags?post=814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}