PACE financing for eligible improvements such as windows, air conditioning, and roofing. It is repaid through property taxes and secured by a lien on the property, subject to approval and program terms.
Financing
EVERY PROJECT IS DIFFERENT. ITS FINANCING IS TOO.
Replacing your roof, installing windows, upgrading your air conditioning, strengthening your home against hurricanes, or remodeling your kitchen, bathroom, and other spaces can be more accessible with financing that fits your circumstances.
No single type of financing is best for everyone. The most suitable option depends on your circumstances, your property, and what you want to achieve. Depending on the program, the evaluation may consider your credit, income, and home equity.
At Will Builders Group, we guide you through the process: we help you understand the available options and compare their costs, terms, and payment structures, so you can make an informed decision and move your project forward with a plan that fits your budget.
Let's discuss your needs- Personal loan
- The client receives the funds and pays for the work according to their contract. With an unsecured loan, the home is not collateral; approval depends on the client?s financial profile.
- Financing through a contractor
- The application goes through a program offered by the contractor. The lender evaluates the client, sets payments, and disburses funds according to its rules. This may be a personal loan; the difference is how you apply.
- HELOC and home equity loan
- Both use home equity as collateral. A HELOC allows withdrawals as needed and usually has a variable rate; a home equity loan provides a lump sum and usually has a fixed rate. Failure to repay can put the home at risk.
- PACE financing
- Funds eligible improvements through an assessment tied to the property, collected with property taxes. Consider the total cost, the effect on mortgage payments, and the terms when selling or refinancing.
- Construction loan
- Funds an approved project and releases money in stages as construction progresses. The lender reviews the client, property, budget, and builder. The land and construction secure the loan.
To understand any financing arrangement, review its total cost, rate, term, payment structure, and collateral requirements.
A loan program for remodeling and home improvements, with payment options through participating financial institutions, subject to credit approval.
Availability, approval, and terms depend on the provider, property, and project.
Why explore financing with our guidance
Guidance through the process
We guide you from reviewing your project through the application, helping you understand each step and the information you need to provide.
Plan your investment
We review your project’s scope and budget with you to explore how to spread its cost over time, according to the approved plan.
Different payment structures
Ygrene is repaid through property taxes; GreenSky offers loan plans with payments to the financial institution. We help you understand the differences.
An evaluation based on your circumstances
Criteria vary by program and may include home equity, income, credit, and ability to repay. The financial institution determines approval.
Which improvements can be financed?
Explore improvements to protect, update, and make your home more comfortable. Eligibility depends on the project and financing program.
Roofing and home protection
Roof replacement and hurricane protection improvements, depending on the scope of work and program requirements.
- Windows and doors
- Installation or replacement to improve your home's protection, efficiency, and comfort.
- Air conditioning
- Installation or upgrades for a more comfortable and efficient home environment.
- Kitchens, bathrooms, and other spaces
- Remodeling to improve your home's functionality, subject to the improvements allowed by each program.
How it works
Tell us about your project
We review your needs and the scope of the improvements to prepare a clear estimate and help you plan your investment.
Explore and apply for financing
We help you understand the options and their terms. You submit your application, and the financial institution evaluates your circumstances and determines approval.
Coordinate your project and payment plan
Once financing is approved and the contract is agreed upon, we coordinate the start of work. You repay according to the terms and conditions of your chosen program.