Pavilion, Garage & Pool House Financing
Building your dream outdoor living space or storage building is an exciting journey, and there are several great financing options to help make it a reality. One option worth exploring is reaching out to your bank or credit union to learn about their financing offers, such as home equity loans or HELOCs (home equity lines of credit). These options can provide flexible funding, with HELOCs offering a revolving line of credit that adapts to your needs.
We understand that everyone’s financial situation is unique, which is why we have partnered with Service Finance Company and First Tech Credit Union to offer our customers the best possible financing options.
Service Finance Company
We've teamed up with Service Finance Company, a subsidiary of Truist, to make it easier for you to build your dream structure. They offer both short term and long term options, from no interest/deferred payments to fixed, low monthly payments.*
The benefits of a home improvement loan from Service Finance are:
- Loan amounts up to $100,000
- No equity required
- Fast, secure paperless process
- No proof of income required
Application Process:
The application process is quick and easy, with a simple loan application form you can fill out here. Approval is quick and once you sign off on the loan, you're ready to collaborate with your account rep at Homestead Structures to kick off your project!
For more information about Service Finance Company, visit their website here.
If you need application assistance, please contact your Homestead rep directly. Once the application process is complete, please work with Service Finance Company for funding, payment plans, etc. at 877-661-6793.
First Tech Credit Union
Make any project affordable with a flexible, open-ended Home Equity Line of Credit from First Tech Federal Credit Union.
Benefits of funding your project with a First Tech FCU HELOC:
Financial Flexibility:
- Increases buying power compared to a closed-end loan.
- Funds can be used for various needs, including home improvements and additional items (e.g., furniture for around the pool).
- No need for additional loans or credit pulls for further home projects.
Versatility and Eligibility:
- Many homeowners with equity will be approved across a prime and near-prime credit spectrum.
- Applicable to second homes and investment properties.
- Possible tax deductions for interest paid.
- No need for a traditional appraisal up to $400,000.00
Interest Rates and Payments:
- Variable interest rates with fixed available.
- Rates start below prime 30-year repayment period with interest-only payments options available during the 10 year draw period.
Application Process:
The application process is quick and easy. Tell your Homestead Rep that you are interested in a HELOC with First Tech FCU and they will work with you to get you started.
Paying for Your New Structure
Payments for your project are broken down as follows:
- 10% due at signing, which covers drawings, seals if necessary, permitting, etc. (We accept credit card payments for this payment.)
- 50% due once design is finalized to order materials, schedule the production and delivery, etc. (Credit cards are not accepted for this payment. At this stage, 60% of project should be paid).
- 30% due when unit or kit is ready to ship and be installed. (No credit card payments, 90% of project paid at this point).
- Remaining balance is due 1 day before completion of job. (No credit card payments).
*Loan terms and conditions are subject to change without notice. Please contact Service Finance Company, LLC for a full description of the loan programs and requirements at 866-393-0033.