Whether you’re dealing with a flooded basement or having new kitchen cabinets installed, home projects require a team of specialists, a detailed timeline, and, of course, funding. If you’re concerned about the total cost of a restoration or renovation project, don’t worry: Financing is available in the Wood River Valley and Magic Valley regions.
Valley Restoration proudly partners with GreenSky®, a trusted home-improvement financing company that enables homeowners to split restoration projects into manageable payments. Featuring simple applications and flexible loan options, the GreenSky® Loan Program helps homeowners restore and renovate their properties faster.
If you’re wondering whether consumer financing is the right move for you, let’s discuss the benefits, your options, and what GreenSky® can offer.
When Consumer Financing Makes the Most Sense
The unexpected cost of restoration and renovation work is among the top reasons property owners hesitate to start a project. But there are additional costs that come with delaying the work. This is where consumer financing comes in.
When to Finance Restoration Work
Rather than paying the full project cost upfront, financing lets you make manageable monthly payments and comfortably progress toward your goal. You don’t have to wait for your insurance funds to come in, either. With financing in place, your local restoration team will begin work without delay, assess the damage, and start mitigation. Your insurance reimbursement allows you to pay down the loan later on. Or, if you prefer, you can opt to self-pay each month.
Financing your restoration project may also allow you to make improvements to your home rather than just replacing or repairing existing structures. If you’re interested in upgrades and think this could be a good time, ask about premium finishes, fixtures, and materials that might be included with financing.
When to Finance Renovation or Remodeling
While restoration focuses on repairing damage and returning the property to its former condition, renovation includes improvements and upgrades. When financing a home renovation or remodeling project, you get the same benefit of beginning your project without delay. Insurance typically does not cover renovation projects, but with financing, you don’t have to wait months or years to save up enough cash. Spreading out these payments over time also means you can keep your savings available for emergencies or other expenses.
No pre-payment penalty.
Interest is waived if the balance is paid in full during the promotional period.
Plan #15191: Fixed Rate 11.99% APR for 180 Months
With no pre-payment penalty, this plan includes an Annual Percentage Rate (APR) of 11.99% and a promo period of 180 months. Here’s how much you would spend on your restoration or renovation project over that time:
- $5K = $59.98/month
- $10K = $119.95/month
- $15K = $179.93/month
- $20K = $239.90/month
Plan #26112: No Interest if Paid in Full Within 12-Month Promo Period (Payments Required)
While interest is billed during the promo period, it’s waived if the amount financed is paid in full before the promo period ends. The APR ranges from 17.99% to 24.99%, with a 12-month promo period. After the promo period, here’s how much you’ll pay over 24 monthly payments:
- $5K = $198.77/month
- $10K = $397.55/month
- $15K = $596.32/month
- $20K = $795.09/month
Applying for financing with the GreenSky® Loan Program is simple: apply and get approved online, choose your term length, sign your documents, and receive funding for your restoration or renovation project. Monthly payments are also made online through GreenSky®’s customer portal.
How Does Financing With GreenSky® Work?
From loan timelines to coordinating with your insurance claim, here are answers to some of the most common questions homeowners have when financing a restoration or renovation project with GreenSky®:
What type of credit is available with GreenSky?
GreenSky® Program loans are unsecured installment loans with APRs that become fixed once the loan enters its amortization period. An unsecured installment loan is a type of credit that doesn’t require collateral and is repaid through regular, scheduled payments over a set period. The amortization period is the timeframe during which you make monthly payments, pay down both the principal (the amount you borrowed) and the interest until the loan is fully repaid.
How do I make a payment on a GreenSky loan?
Pay online in the customer portal, by phone, or schedule automatic payments to be drafted from your bank account. With Plan #1519, there’s no pre-payment penalty, so you can pay off your loan early without additional fees.
What projects qualify for Valley Restoration financing?
Working with a GreenSky® Merchant, qualified applicants can use loans to pay for their renovation or restoration project with Valley Restoration. This includes water and fire damage restoration, mold remediation, sewage damage cleanup, and home renovation or remodeling services.
What credit score do I need for GreenSky® financing?
GreenSky requires a FICO score of at least 650. Once you confirm your score, gather your documents and submit your application.
Can I use financing alongside an insurance claim?
Yes, and you don’t have to wait for insurance funds to come in before starting your project. For restoration work with Valley Restoration, you can file your insurance claim with the help of a team member and sign up for financing with GreenSky. Once you’re approved, the restoration can get started immediately, and you can use your insurance reimbursement for payments once it comes through.
Restore or Renovate With Valley Restoration
Having served Sun Valley, Twin Falls, Hailey, and the surrounding areas for more than 50 years, Valley Restoration knows the unique challenges that Idaho property owners face. We use state-of-the-art equipment and technology to provide 24/7 emergency restoration services to homes and businesses in the communities we serve.
Valley Restoration is an IICRC-Certified firm, meaning our team follows the professional standards set by the Institute of Inspection, Cleaning and Restoration Certification. With this expertise, we always ensure your property is fully restored, renovated, or remodeled before we call a project complete.
Now with our GreenSky® partnership, we offer financial relief to property owners who want to space out their payments and manage costs on their own terms.* For 24/7 emergency services and flexible financing, contact Valley Restoration to schedule an appointment.
Financing Terms and Conditions
*Subject to credit approval. Interest is billed during the promotional period but all interest is waived if the purchase balance is paid in full before the expiration of the promotional period. See reverse for terms and conditions, FAQs, and contact information.
1 Plan 1519. Subject to credit approval. Loan term is 180 months at fixed rate of 11.99% APR. For example, assuming the full credit limit is used on loan approval date, for every $1,000 financed at 11.99% APR, 180 monthly payments of $12.00. This example is an estimate only. Actual payment amounts based on amount and timing of purchases. Call 866-936-0602 for financing costs and terms.
2 Plan 2611. Subject to credit approval. Rates range from 17.99% – 24.99% APR. Only well-qualified applicants will receive an APR of 17.99%; some applicants may not qualify. Loan amount and rate will vary based on your income and creditworthiness. 12 month promotional period (“Promo Period”) during which interest is billed but will be waived if the amount financed is paid in full before Promo Period expires. Monthly payments are required during the Promo Period, but making only the required monthly payments will not pay off the amount financed by Promo Period expiration date. Any unpaid balance and amounts owed after Promo Period will be paid over 24 monthly payments. For example, assuming the full credit limit is used on loan approval date, for every $1,000 financed at 24.99% APR, 36 monthly payments of $39.76. This example is an estimate only. Actual payment amounts based on amount and timing of purchases. Call 866-936-0602 for financing costs and terms.
GreenSky® program consumer loans are made by Synovus Bank, Member FDIC, NMLS #408043, without regard to age, race, color, religion, national origin, gender, disability, or familial status. GreenSky Servicing, LLC (“GSS”, NMLS #1416362, www.nmlsconsumeraccess.org) is a financial technology company that manages the GreenSky® program by supporting originations and servicing the loans on behalf of banks and other financial institutions that make or hold program loans. GreenSky® is a registered trademark of GreenSky, LLC and is licensed to banks and other financial institutions for their use in connection with the GreenSky® program. GreenSky LLC and GSS are not lenders. All credit decisions and loan terms are determined by program lenders.