Before applying for fence financing you should know approximately how much your project will cost. Part of organizing an accurate estimate is deciding what type of fencing you want. Fencing materials can vary in price. If you are having trouble deciding what type of fencing material is best we recommend consulting a professional. Let’s compare some different fencing options. . .
Vinyl fencing can be more expensive than other options but it’s low maintenance, secure, durable, and attractive. Once your vinyl fence is installed you should not need to do much to it. Most vinyl fences do not need painting or staining and do not chip or fade over time. In addition, vinyl fencing is resistant to termites and other insects. Vinyl fences are offered in a variety of colors making it easy to match them to any home or building. Most vinyl fence materials cost about $20 to $35 per linear foot. If you have a vinyl fence professionally installed you can expect to spend about $40 to $60 per hour.
Ornamental fences complement a wide variety of architectures while beautifying properties and protecting them. Ornamental fences are sophisticated and durable. In most cases, ornamental fences are either aluminum or iron. Aluminum is more popular because it does not rust and is 100% recyclable. Both types of ornamental fences are eco-friendly. Homeowners and business owners are usually drawn to the style of ornamental fences. In addition, they are very customizable. Most ornamental fence options range between $27 to $34 per linear foot. You can also purchase pre-built ornamental gates which can range between $200 to $7,000. Gates, fencing, installation, and any required materials can be financed.
Wood fencing is an affordable and stylish option that can be stained or painted just about any color. However, wood fencing usually requires regular maintenance and is prone to rotting, peeling, and sagging. Wood fencing can also be susceptible to damage from moisture, termites, and insects. In most cases, you’ll need professional installation and repairs for wood fencing. If you are looking for a shorter term option to get you by, you may want to consider a wood fence. If you are looking for a long-lasting and easy to maintain fence you may want to invest the extra money and go with another option. On average lumber for wood fencing costs between $7 to $15 per foot. In most cases, labor for wood fencing is cheaper than other options such as vinyl fencing.
Chain link fence
Chain link fences provide less privacy than other options. In addition, they may not be as attractive as other options. Chain link fences are often more preferred by business owners than homeowners. In some cases, chain link fences can be a great option for homeowners, For example, if you are putting a fence around a pool you should use a chain link fence. It allows you to see through the fence while keeping children closed out. If you want an affordable and easy to maintain option and looks are not a priority a chain link fence may be a great option. Chain link fences require minimal maintenance and cost about $5 to $20 per foot for materials. Installation for chain link fences may be a little cheaper than installation for wood fences.
What are the reasons to apply for fence financing?
What types of fence financing is available?
When it comes to fence financing, you have a few options to choose from. Most borrowers prefer personal loans but you should explore various options. Perhaps another option works better for you. Regardless of which option you choose, you should do research and make an educated decision. Let’s take a look at some of the most common types of fence financing. . .
#1. Personal Loan
Personal loans can be used for just about anything. This means they can be used for fence financing, home improvement projects, repairs, landscaping, and more. Personal loans offer high loan amounts and flexible terms with affordable monthly payments. Most banks and credit unions offer personal loans but online lenders can be easier to qualify for. In addition, online lenders typically have faster application and funding processes. If you use financing offered by a contractor, you are most likely using a personal loan. PrimeRates partners with lenders that specialize in fence financing. Individuals can visit PrimeRates online and compare offers quickly without affecting credit score.
#2. Credit Card
Credit cards are a convenient option for fence financing. In some cases, individuals may be motivated to use a credit card to earn reward points or other incentives. However, compared to personal loans, credit cards have high interest rates. In addition, credit cards may not provide enough funds. Maxing out credit cards or spending more than 30% of the maximum spending limit can negatively impact your credit score. If you can pay the balance off within 30 days a credit card may not be a bad option. Alternatively, if you can afford a high monthly payment you may be able to qualify for a credit card with a 0% promotional period. Most likely, you’ll need substantial income and an excellent credit score to qualify for a high credit card loan amount with a promotional period.
What are the requirements to qualify for fence financing?
Qualifying for fence financing may be easier than you think. PrimeRates partners with lenders that can help all credit types. Whether you are confident that you qualify or not, you can apply through PrimeRates without affecting your credit score. To increase your chance of approval you can add a co-signer to your application. Ideally, the co-signer should have good credit and consistent income. Some of the minimum requirements for fence financing offered through PrimeRates includes. . .
- Credit score of 620 or higher
- Consistent income
- Reasonable debt-to-income ratio
How to Find Best Fence Financing Deals
Finding the best fence financing deals is easy with PrimeRates. Browsing the internet and looking at advertised fence financing deals is different than receiving a fence financing deal that you actually qualify for. PrimeRates offers a free and secure platform that can save you tons of time while helping you find the best fence financing offer that you qualify for. PrimeRates can connect you to lenders based on your credit score and borrowing needs. PrimeRates makes comparing fence financing offers easy while saving you tons of time.
How to apply for a fence loan
Homeowners and business owners can apply for fence financing with most banks, credit unions, or online lenders. In some cases, contractors may offer fence financing. As we covered earlier, if you use a personal loan you can pay for materials and labor with the funds In addition, you may be able to borrow a little extra and finish landscaping projects or other home improvement projects. No matter what type of fence financing you choose you’ll want to start by submitting an application. PrimeRates can connect homeowners and business owners to top-rated lenders with competitive fence financing offers. You can submit an application online without affecting your credit score. Within minutes you can find the best fence financing deal that you qualify for. In addition, most PrimeRates lending partners do not have spending restrictions. This means the funds can be used for just about anything. Here are 3 easy steps to apply for fence financing loans through PrimeRates. . .
#1. Submit easy online application
#2. Select the best fence financing loan offer
#3. Receive funds quickly
In conclusion, personal loans are one of the best options for fence financing. PrimeRates partners with reliable lenders that offer personal loans up to $100,000 and rates as low as 4.99%. Personal loans can be used for fence materials, labor, and just about anything else you need. Even if you have the cash on hand, it may make more sense to use financing. Fence financing allows you to make affordable monthly payments and keep your savings account healthy and ready for an emergency.
Discover the best fence financing deals. . . apply online today!