Can I Finance Building My Spare Bedroom?
Whether you’re adding a beautiful bundle of joy to your family, want to entertain more guests, or simply need extra space for an office, craft room, or storage area, building a spare bedroom is a perfect way to create the home you’ve always dreamed of. It doesn’t have to feel like an impossible task. With HFS Financial, we can get you the perfect home improvement options to help you bring your vision to life.
Let’s Get Started!
First, decide if you want to create two rooms out of one oversized room. It tends to be the cheaper option, but might not be what you’re looking for if space is a big concern. You can always build an addition onto your house if splitting rooms isn’t desirable. It can significantly add to the value of your home by increasing the square footage. HFS Financial can get you funded for exactly your needs. You’ll never have to worry about not being able to finance a bigger project. Plus, you’ll get all the space you want in a timeframe that meets your needs.
Financing Home Improvement with HFS
After allocating just 60 seconds to send us a loan inquiry through our secure website, one of our highly trained team members will review your information and contact you within two business days. Come see the incredible options we have for you! We’ll help get you started on the road to success in building the spare bedroom of your dreams. Soon you’ll have all the space you ever wanted and you’ll be ready for your next grand project.
Have another project on the brain? Give us a call at 1-800-254-9560. With years of experience assisting homeowners with obtaining home improvement financing, the team at HFS Financial is your perfect partner. Visit our blog to see all of the other incredible options you have to enhance both your indoor and outdoor home areas. “You Dream It. We Finance It.” We are ready and waiting to help you build a life you love.
Frequently Asked Questions
Can I finance building a spare bedroom through HFS Financial?
Yes. HFS Financial is a home improvement loan marketplace that connects homeowners to unaffiliated third-party lenders offering loans for home additions, including spare bedroom and guest room builds. HFS is not a lender.
Does HFS Financial offer home addition loans?
HFS Financial does not issue loans directly. HFS is a loan marketplace that matches homeowners to its network of unaffiliated third-party lenders, who offer home improvement loans that can be used for home additions and spare bedroom builds.
Do I need home equity to finance a home addition?
No. HFS Financial partners with lenders that offer unsecured personal loans for home addition projects. No home equity, no appraisal, and no second lien on your home are required.
Is HFS Financial a lender?
No. HFS Financial is a loan marketplace licensed under NMLS / Maryland Credit Services Business #1680766. HFS connects homeowners to unaffiliated third-party lenders who issue the actual loans.
What is the maximum loan amount for a home addition through HFS?
HFS Financial connects homeowners to lenders offering home improvement loans up to $450,000. Actual approved amounts depend on the lender and your credit profile.
Are there prepayment penalties on a home addition loan through HFS?
No. HFS Financial’s lending partners do not charge prepayment penalties, so you can pay off your home addition loan early without an additional fee.
Does HFS Financial offer home addition loans in every state?
Yes. HFS Financial operates in all 50 states and matches homeowners nationwide to home addition financing through its network of lending partners.
Does applying affect my credit score?
No. The HFS Financial 60-second loan inquiry uses a soft credit check that does not affect your credit score.
Who receives the funds when my home addition loan is approved?
When your loan is approved and funded, the money is paid directly to you, not to your contractor. You control the payment schedule with your general contractor and trades.
