Foundation Repair Payment Options
Financing Your Foundation Repair
G.L. Hunt offers financing options to help spread out the cost of foundation repair. Our team can explain the available programs and help you compare your options.
Financing Programs
Fixed Rate Plans
We work with several lenders. Available programs may include:
- No deposit required.
- Fixed interest rates determined by credit score.
- Promotional 0% interest periods for customers with credit scores above 700, subject to approval and available discounts or promotions.
- No prepayment penalties.
- Repayment terms that vary by lender.
- Credit scores above 550 considered for approval.
All lender financing is subject to credit approval. The available program and terms depend on the lender, credit qualifications, and applicable discounts or promotions.
In-House Financing
- A minimum deposit of 50% is required.
- A $150 mechanic’s lien fee applies.
- A one-time financing charge of 10% applies to the remaining balance.
Pay-At-Close
- The home must be under contract to sell.
- A minimum deposit of 50% is required.
- A $150 mechanic’s lien fee applies.
- We work with the title company to collect the remaining balance at closing.
If the sale does not close within 30 days, the remaining balance is due in full or transitions to in-house financing with a one-time 10% charge on the remaining balance.
Other Ways To Pay For Foundation Repair
- Homeowners insurance: Ask your insurer whether the cause of your foundation damage is covered by your policy.
- Assistance programs: Check with local or government programs about grants or low-cost home repair loans and their eligibility requirements.
- Home equity or home improvement loans: Your bank can explain available options and borrowing requirements.
Request a free estimate to discuss your repair and payment options with our team.
