We are excited to introduce Joist Homeowner Financing!
What is Joist Homeowner Financing?
Joist has partnered with leading personal loan financing companies to offer your clients access to personal loans for their home improvement projects.
- Make your client's dream projects more affordable
- Help clients pay for unexpected major repairs
- Ensure clients have the cash flow to cover any change orders or project scope increases
The financing options are presented professionally on the estimate and invoice web pages.
Offering financing is intended to help increase your job winning rate and average project size.
How much does this cost?
Joist Homeowner Financing is absolutely free to use as a contractor. The client will deal directly with the lender, meaning there are no costs, or registration required by you.
What do I need to do to get started?
Nothing! All you need to do is issue estimates and invoices, and your clients will be able to view their financing options when they view your documents online.
How does Joist Homeowner Financing work?
- Client receives and views your estimate or invoice online
- Client clicks the financing button and is directed to our partner's site
- Client can check their approval and loan rate and term in minutes
- If approved, client can select an offer, complete the formal application and receive their funds within 5 business days
- No work or registration required by you the contractor!
Will offering Joist Homeowner Financing impact my credit score?
Absolutely not. The client will deal directly with the lending company, and their financing offers will be presented based on their own credit score and financial standing.
Who is offering the financing?
Joist has partnered with LendingClub to provide quick and easy home improvement personal loan options. LendingClub is a trusted national brand with A+ BBB ratings.
What loan sizes are offered?
Personal Loans are available from $1,000 to $40,000.
What is the loan interest rate and term length?
Interest rates and terms depend completely on the client’s profile, loan dollar amount, and term. Loans are available with APRs as low as 5.49% APR.
How long does it take for the loan to be issued?
Loan approvals can be made within in minutes. Once a client is approved for a loan, they should expect to receive the funding within 5 business days.
What will my client see when they click the financing button on the estimate or invoice?
Your client will be directed to one of our partner’s websites, where they can check their rates within minutes. If pre-approved, they will have the opportunity to formally apply for a loan online.
What countries have access to the Homeowner Financing option?
Currently Joist Homeowner Financing is available only in the United States.
Do you offer contractor business financing?
We currently only support Homeowner Financing. If you are interested in financing options for your business, please email us at firstname.lastname@example.org.
What if I have more questions?
We’re always here to help. Call us anytime at 1 (800) 976-9261 or drop us an email at email@example.com.