Yes, U.S. Bank does home improvement loans. You can take out a personal loan from U.S. Bank and use it to pay for home improvement expenses, such as remodeling a kitchen, finishing a basement, putting on siding or many other projects. U.S. Bank does not specifically refer to their loans as "home improvement loans," so you'll need to take out a general-purpose personal loan.
Quick Facts About U.S. Bank Home Improvement Loans
APR: 5.99% - 18.49%
Origination fee: $0
Loan amount: 1,000 - $50,000
Payoff period: 12 - 60 months
Credit score required: Not Disclosed
Before you apply for a U.S. Bank home improvement loan, it's a good idea to compare the offer to WalletHub's editors' picks for the best home improvement loans. That way, you'll be able to see how the offer stacks up against loans from leading competitors.
The minimum credit score for a home improvement loan is 660 for most lenders. While lenders typically don’t offer “home improvement loans” in particular, they offer personal loans that can be used for almost any purpose, including home improvements. And most personal loan providers require a credit score of 660+. That’s not too difficult to attain, either – it’s within the fair credit range and below the average American’s credit score.
Home improvement loans give homeowners the funds needed to complete projects related to maintaining or increasing the value of a home and the surrounding property, such as remodeling a room, putting on a home addition, or replacing a roof. Although they have a unique purpose, loans for home improvement function just like most other loans. The borrower receives a lump sum of money and must pay it back, along with interest, over a certain number...
There are plenty of home improvement loans with no equity needed. Only home equity loans and home equity lines of credit require the borrower to use the equity in their home. The best way to get a home improvement loan with no equity is by applying for an unsecured personal loan. Personal loans base eligibility on your credit and income, so you don’t need to own property worth a certain amount of money to take...
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