Hearth provides a platform for contractors to offer home improvement financing options to their clients. Hearth itself is a technology company and does not directly provide the loans or make credit decisions.
Instead, they partner with various lending institutions to present different financing options to homeowners.
From the client's perspective (homeowner):
Pre-qualification: Homeowners can check their eligibility and see potential loan options through a short, secure online form, typically within minutes.
No impact on credit score: Checking rates and pre-qualifying through Hearth generally involves a soft credit check, which won't affect the homeowner's credit score.
Variety of options: Hearth's network of lending partners can offer a range of loan amounts (up to $250,000 in some cases), potentially with fixed monthly payments and terms between 3 and 7 years. There may also be options for those with lower credit scores.
Quick funding: If approved, funds can be deposited into the homeowner's bank account quickly, potentially as soon as the next day.
No prepayment penalties: Homeowners can pay off the loan early without facing additional fees.
Project funding: The funding received can be used for a wide variety of home improvement projects, including roofing, HVAC, plumbing, landscaping, and more.
Instead, they partner with various lending institutions to present different financing options to homeowners.
From the client's perspective (homeowner):
Pre-qualification: Homeowners can check their eligibility and see potential loan options through a short, secure online form, typically within minutes.
No impact on credit score: Checking rates and pre-qualifying through Hearth generally involves a soft credit check, which won't affect the homeowner's credit score.
Variety of options: Hearth's network of lending partners can offer a range of loan amounts (up to $250,000 in some cases), potentially with fixed monthly payments and terms between 3 and 7 years. There may also be options for those with lower credit scores.
Quick funding: If approved, funds can be deposited into the homeowner's bank account quickly, potentially as soon as the next day.
No prepayment penalties: Homeowners can pay off the loan early without facing additional fees.
Project funding: The funding received can be used for a wide variety of home improvement projects, including roofing, HVAC, plumbing, landscaping, and more.