Patio Financing Loans

Can I Finance A New Patio?

Yes, there are several options available for new patio financing. As a consumer you’ll want to educate yourself on available options. The cost of the project can impact which type of finance works best. As can your credit score. 

Here are some options to consider:

Patio builders that finance: Some patio builders finance allowing you to make payments for the project over time. Some may even offer promotional financing offers. Just be sure that financing through the patio builder does not increase patio costs at all. In addition, you may want to compare offers to ensure they are offering a good deal. Afterall, they specialize in patios, not financing. 

Home equity loan: Home equity loans are often used for home improvements. They allow you to tap into the equity of your home which is the value of your home minus whatever you still owe on it. You will need to put your home up as collateral for the loan. In most cases, home equity loans are best reserved for major home improvements. 

Personal loans: Personal loans are often referred to as home improvement loans, as they are commonly used to finance home improvements such as a new patio. At TGUC Financial you can receive personalized home improvement loan offers with no impact on your credit score. Personal loans do not require collateral and can be funded quickly. In addition, they often offer lower interest rates than credit cards.

Credit card: While credit cards can be used for patio financing, it’s usually not the best idea. Credit cards come with high interest rates. As we all know, balances can add up fast. If you plan to DIY your patio, you may be able to use a credit card with promotional financing for materials. 

How Much Does It Cost To Finance A New Patio?

On average, a new patio costs between $1,922 and $5,468. If you’re using patio financing you’ll want to take interest and fees into account for the total cost. For example, if you take out a loan for $7,000 with 10% APR and 3-year term, your total loan cost will be around $8,131, assuming you have no other fees such as late payment fees or origination fees.

What Is The Cheapest Way To Build A Patio?

There are several types of materials that can be used to build a patio, but concrete is among the most inexpensive. Concrete patios are made by pressing flexible stamps of polyurethane into freshly poured concrete. You can use stamped concrete patio financing to make the job even more affordable, while still embracing the aesthetic.

Are Paver Patios Expensive?

Paver patios come at different price points, but they can cost as little as $1 per square foot. Even though they can be affordable, paver patio financing can still be used.

Pavers are simply stones made of clay brick, concrete, natural stone, or even porcelain. They offer plenty of customization to the type of stone they resemble to the colors, textures, and patterns.

How Much Does It Cost To Build A 10×10 Patio?

The cost of building a patio ranges between $5 and $50 per square foot. So, a 10 x 10 patio should cost around $500 to $5000 using this estimate.

Can You Get A Patio Loan With Bad Credit?

Most lenders will want you to have a credit score of at least 600 to qualify for patio financing. However, lenders have their own minimum credit score requirements. Some will have requirements lower than a 600. If you have bad credit, consider applying with a cosigner or rebuilding your credit before applying. If you don’t have time to spare, you can try to find financing and perhaps refinance the loan down the road. The good news is that a patio loan can boost your credit score if all payments are made on time. 

What Credit Score Do I Need To Get A Patio Loan?

Most financial institutions will accept minimum credit scores of 610 to 640 to get outdoor patio financing. However, credit score requirements can vary depending on the lender. Other factors such as debt-to-income and employment matter too. 

Can You Put Patio Repairs On Credit?

Yes, you can finance patio builds, remodeling, and repairs. Whether you use an installment loan of some sort or a credit card, financing patio repairs is easy. To get started, determine how much you need to borrow and check offers at TGUC Financial.

What Lenders Provide Patio Financing For Bad Credit?

Plenty of lenders provide patio financing. As you begin your research you may be overwhelmed by all the options. TGUC is a platform that helps you narrow down the best financing option. At TGUC, you can check offers for home improvement loans. By using just one application and investing a few minutes of your time you are on the path to locking in the best financing for your new patio.

How Do Most People Pay For A Patio?

The best way to pay for patio financing depends on your financial situation. While paying cash is typically the cheapest option, you may not have the cash or using the cash may mean depleting emergency savings. Therefore, financing is often used to pay for a patio. If you need patio financing, visit TGUC Financial.

AT TGUC FInancial you can check patio loan offers with no impact on your credit score. Even better – it only takes a few minutes of your precious time. 

So how does it work?

1. Visit TGUC Financial to get pre-qualified
2. Compare competitive loan options up to $100,000 
3. Receive funding and get to work

Discover affordable patio financing in minutes. . . check offers at TGUC today!