Foundation Repair Payment Options
Financing Your Foundation Repair
Foundation repair can be a costly and necessary expense for homeowners, and financing can help to make it more affordable. These options can allow homeowners to spread out the cost of foundation repair over time, making it more feasible for their budget. Foundation repair financing can be a helpful solution for homeowners who need to address foundation issues but may not have the funds available to pay for it all at once.
G.L. Hunt Foundation Repair offers a variety of financing programs to fit your needs. We’ll be happy to go over all of our financing programs in detail, but below you will find a little information about each one!
How To Pay For Foundation Repair
Our team strives to think of your safety and comfort above all else, which is why we offer a few insights into common ways our customers afford their foundation repair services.
- Homeowners insurance policy — If the damage was caused to your home by a burst pipe or other danger, you may be able to file a claim with your homeowners insurance policy. Your insurance company will be able to tell you if foundation repair is covered by your policy.
- Grant opportunities — You may be eligible for government assistance programs like those offered by the Department of Housing and Urban Development, the Department of Agriculture or the State. If you need help financing foundation repairs, inquire about local grants and low-cost loans.
- Personal loans — You can finance foundation repair through G.L. Hunt’s preferred lenders. To increase your chances of qualifying for a low-interest loan, be sure to check your credit report for errors and fix them before you apply.
- Home equity loan or home improvement loan — If your home has sufficient equity to borrow against, this is a very common way of financing home repairs. Consult your banker for more information.
Financing Programs
There are several ways to finance the investment of your foundation repair. The team at G.L. Hunt will be happy to assist you in determining which one fits best with your circumstances.
Credit-Based Financing
We work with many different lenders that offer a wide array of financing options, including but
not limited to:
- Fixed or Fixed Term Programs
- Reduced Monthly Payments
- Flexible Terms Extending up to 20 Years
- Promotional Programs Vary by Lender
- No Pre-Payment Penalty
*The specific program available may be influenced by any discounts or promotions applied to the initial estimate.
In-House Financing
A minimum deposit of 50% is required. Two additional charges will be applied to the remaining balance:
a. Deed of Trust Filing Fee of $100
b. One-time 10% financing charge
*Customers from Travis County will incur an extra fee for mobile notary services.
Pay-At-Close
- The property must be actively listed on MLS.
- A minimum deposit of 50% is required.
- A Deed of Trust Filing Fee of $100 will be applied.
- We will collaborate with the title company to collect the remaining balance after the sale.
*If the transaction is not finalized within 30 days, the agreement will automatically transition to our In-House financing option and a 10% finance fee will be applied to the remaining balance.
*Customers from Travis County will incur an extra fee for mobile notary services.
