Financials are a big part of remodeling. If you are among the many who want to remodel but don’t have the immediate funds available, you may be thinking, how can I afford to remodel? You will be pleased to learn that there are several ways that you can get started without having to cough up the cash upfront by financing your home remodel.

Many people find the word financing to be offputting and, quite frankly, a bit scary. If you haven’t financed many things or worked with a loan officer you felt you could trust, financing may not be the option you jump to first. But today, financing is one of the main ways that people like you create homes that they can live in for the next 5, 10, or 20+ years. With the rising housing market we are currently facing, remodeling your current home is becoming almost as common as moving into a new one.

What are the options when financing your home remodel?

You aren’t stuck with a single option when you finance your home remodel. Below is a list of the top four finance options from our remodeling finance expert, Tom Yoswa.


  • Max Combined Loan to Value currently at 80%.
  • Interest Only payments.
  • 10 Year Draw period, with a 20 Year Repayment after that.
  • Option to lock in the rate on the disbursed portion of HELOC into a fixed rate.
  • No closing costs. If HELOC is paid off and closed within 30 months an early closure fee is charged of 1% of original loan amount, maximum $500.
  • Appraised value based on current value, not completed appraised value.
  • Primary Residence Only


  • Max Combined Loan to Value currently at 80%.
  • Fully Amortized payments from 180 to 360 months, for terms over 180 months, loan amount > $30,000.
  • No closing costs.  If HELOC is paid off and closed within 30 months an early closure fee is charged of 1% of original loan amount, maximum $500.
  • Appraised value based on current value, not completed appraised value.
  • Primary Residences or Second/Vacation Homes.


  • Max Combined Loan to Value currently at 80%.
  • 30 Year Fixed, 10/1 ARM, & 7/1 ARM Products available.
  • Minimum of $100,000 in new construction cost for the remodeling work. For strong clients, have been able to get exceptions down to $75,000.
  • One time close with Interest only payments for the first 12 months.
  • Standard refinance/construction to perm closing costs apply.
  • For properties purchased more than 12 months ago, as completed appraised value can be used for valuation.
  • For properties purchase in the last 12 months, LTV will be based on the lower of acquisition costs and documented construction costs or an as completed appraised value.
  • Primary Residences or Second/Vacation Homes.
  • Closing cost credit available at .25% credit of the loan amount (max of $1,000) for customers with a U.S. Bank checking account.

Make Your Dream Home a Reality By Remodeling

FBC Remodel is excited to partner with you on your remodel project. To learn more about our financing options and partners, please reach out to your Senior Designer.

Schedule your complimentary design consultation today

Customer Reviews

FBC Remodel is proud to Build Joy® for homeowners. See what our customers have to say about working with us.

“FBC did an amazing job with our 1600 sq ft basement. The sales team listened to our vision, offered several options and helped us stay within budget. Our PM was fantastic! We received daily communication with minimal life interruption, realistic expectations and partnered with us to ensure every aspect was covered. They even finished early!!! We had met with 2 other contractors and are so happy about our choice! They accommodated our quirky requests for a brewery room, rerouting our laundry dryer vent, closeting our water piping for access and exterior window well changes. Best choice ever!!!”

Heather R.

“The design/construction approach by FBC produced an excellent finished product for us. We added a large recreation room for pool, TV and games along with a bedroom and bathroom. Ceiling soffits, arched entries and angled walls created a unique and inviting space. The project team and trade partners did fine work and we are very happy with our new basement. All work was completed on schedule and within budget. The best part was having all construction access through the basement window. Our only advice is to carefully review all design details to assure that everything you want is clearly specified in the drawings. Then be part of the team by doing quality control as the project moves along.”

Darrel H.

“We can't say enough about the design team at FBC. We had multiple companies bid on our project and everyone else came back with the same basic design (a good but not spectacular layout). But FBC looked at the space from a completely different angle and in the process was able to create everything on our wishlist including an extra room. The design was elegant and functional and our family now benefits from it every day.”

Michael S.
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