FINANCING FOR HOMEOWNERS
FINANCE YOUR HOME IMPROVEMENT PROJECT WITH WATERCRESS FINANCIAL
Watercress Financial understands that your most important asset is your home and that improvements are a critical part of maintaining and increasing the value of that asset.
- Save your emergency funds for real emergencies
- Get the right solution for your needs.
- Buy based on need and quality, not budget.
- Better manage your overall credit and cash.
FINANCING THROUGH WATERCRESS FINANCIAL
Watercress Financial provides financing solutions through trusted contractor partners. Unlike lead generation services or loan marketplaces, we are directly involved in the financing process and do not collect applications to distribute among multiple lenders.
WHY SHOULD YOU FINANCE WITH WATERCRESS FINANCIAL?
Watercress Financial is exclusively focused on financing home improvement projects. Our team has helped countless homeowners improve their homes by providing tailored home improvement financial solutions. Here’s a few more reasons why you can finance with confidence through Watercress Financial!
TYPES OF HOME IMPROVEMENT CONTRACTORS WE WORK WITH
EXTERIOR
- Roofing & gutters
- Windows & doors
- Painting
- Siding
- Additions, ADU, patios & sunrooms
- Concrete, masonry & fireplace
- Exterior hardscape
INTERIOR
- Kitchens
- Baths
- Basements
- Flooring
SYSTEMS
- HVAC
- Geothermal
- Plumbing
- Whole house water filtration
- Electrical
- Home Automation
- Theaters
This list is a sample of projects we finance; ask your contractor if your project isn’t shown here.
HOMEOWNER FAQS
According to Investopedia, the median credit card APR is currently 24.2%. Compared to credit cards and lines of credit, home improvement loans can offer lower interest rates, more predictable payments, and the ability to borrow a larger amount for a longer repayment period.
Consumers may use credit cards for their cash-back perks but may be unaware of the lack of benefits when it comes to repaying a larger amount of money. For example, if you have 2% cashback on a $15,000 loan, you receive $300 cashback. Comparing that amount to the thousands of dollars you will accrue in interest, this isn’t a great trade-off.
When you choose a cheaper repayment option, such as a home improvement loan, you can save your available credit for other purchases. The chart below is based on an estimated $15,000 project with a 180-month loan repayment period.
1 On a $15,000 loan for a term of 15 years with a 12.95%% APR, the monthly payment will be $189.30. Subject to qualifying credit approval.
2 Median credit card APR is based on published Investopedia data.
Watercress Financial uses a soft credit inquiry for the initial loan application, meaning there is no impact on your credit score to determine what products you are eligible for.
Watercress Financial accepts joint credit applications for any project type.
Yes, full or larger payments may be made anytime with no penalties.
Your payment will be a fixed monthly installment throughout the life of your loan.
Watercress Financial offers fixed-rate loans, meaning your interest rate will remain unchanged. This eliminates any uncertainty about what your interest rate will be throughout the life of your loan.
No. Watercress Financial is not a loan marketplace or lead generation service. We do not collect consumer applications to distribute among multiple lenders.
HOME IMPROVEMENT LOANS – A HOMEOWNER’S GUIDE
We continue to strive for transparency. We want you to feel confident in the loan you secured for your home improvement project. We know your home is one of your most valuable assets and ensure our practices and services reflect that. Are you looking to learn more about the specifics of how home improvement loans work?
Read our Homeowner’s Guide to Home Improvement Loans here.
CURRENTLY HAVE QUESTIONS ON AN EXISTING LOAN WITH WATERCRESS FINANCIAL?
CALL US AT 888-816-1086 (select option 1) OR EMAIL US AT customercare@watercressgroup.com
Interested in setting up automatic payments or making a one-time payment on your existing loan? Visit our Borrower Portal.
