HomeFlooring

Flooring Financing

Request to prequalify for floor financing through a local contractor in our network.
Flooring Financing
Ready to add the finishing touch to your home? We’ll try to connect you to flooring contractors in your area who offer financing.
Explore floor financing options by filling out the form above.

How to Get Flooring Financing

Step 1
Fill out the form with your details, financial information, and flooring loan needs.
Step 1
Step 2
Allow us to review your request in real-time, and a pre-qualified offer for financing options may be presented on-screen.
Step 2
Step 3
If available, select an offer with terms that work for you and complete the floor loan application.
Step 3
Step 4
Work with your flooring contractor to complete the job while you repay the loan.
Step 4

What Is a Flooring Loan?

You can use a floor loan to lay down new floors or refinish existing ones. Whether you put down hardwood, install luxury vinyl plank, or replace dingy tile, home improvement loans can help you afford the labor and materials you need to update your home.

Renovate works with reputable contractors who offer affordable and flexible financing options so you can make upgrades from the ground up. Floor loan amounts and terms vary based on your creditworthiness and the home improvement companies that offer financing.

For example, if you get flooring financing for a project costing $15,000 at an APR of 10% over 48 months, you would pay about $380 monthly. Your total cost to repay the loan would be $18,261.

What is a Flooring Loan?

Types of Flooring

With so many types of flooring to consider, finding one that clicks into place can feel overwhelming. Luckily, Renovate’s contractors have the experience and know-how to help you choose a material that’s the perfect fit:

  • Tile: With endless varieties and materials, tile is waterproof, hardy, and easy to clean. Install this flooring in bathrooms, kitchens, and mudrooms with heavy foot traffic, but know that tile can get expensive, and the labor costs will be higher than other options.
  • Hardwood: A timeless, strong material that adds value to homes and never goes out of style. Hardwood flooring is more expensive to install and can dent and scratch easily, but it often increases your home's resale price.
  • Engineered wood: Mimics the look of natural hardwood using a top layer of veneer over several layers of high-density fiberboard, plywood, or hardwood. Engineered wood is solid, durable, and less susceptible to bending. It’s also slightly more affordable than natural hardwood.
  • Carpet: A classic for a reason, carpet flooring is affordable and warm on your feet. It will require regular maintenance and cleaning, but homeowners can find a design that suits their vision. Plus, carpet is usually inexpensive, sans for a few luxury styles.
  • Laminate: A popular alternative to hardwood, laminate flooring is affordable and chip-resistant. It has several layers, including a realistic wood design and durable sublayers that can withstand traffic. While it’s budget-friendly, laminate can be slippery and difficult to repair.
  • Vinyl/linoleum: If you have dogs, vinyl and laminate flooring are easy to install and clean. Popular options include sheet vinyl, LVP (luxury vinyl planks), and LVT (luxury vinyl tiles). This flooring is more affordable than hardwood and resistant to wear and tear. However, it doesn’t deliver the same ROI as wood.
  • Stone: Natural stone flooring can be used indoors or outdoors and can be laid in bathrooms, kitchens, and patios. Work with a professional to ensure you choose a material with the proper absorption rating and grade. The labor rates for stone flooring can get costly, and the material takes a few days to install.
  • Concrete: Those looking for a modern, industrial finish might consider concrete in a residential setting. It’s highly durable and fit to be installed anywhere. Plus, it has a long lifespan and is budget-friendly. You’ll need a professional installer to ensure the concrete is poured and sealed correctly to avoid cracking over time.

How Much Does Flooring Cost?

Hiring a local flooring contractor to install new flooring costs about $4 to $32 per square foot, including labor and materials.

The type of flooring material that’s best for your home depends on the area you’re putting it in, the traffic it gets, your local climate, and your desired aesthetic. Laminate and vinyl materials are durable, budget-friendly options, while tile, stone, and natural hardwood can add a custom flair to your home—for a price.

Flooring TypeEstimated Cost
Tile$14–$20
Hardwood$14–$32
Engineered wood$4–$14
Carpet$3–$6
Laminate$4–$13
Vinyl/linoleum$2–$12
Stone$10–$16
Concrete$2–$16

Common Flooring Problems

Feet and paws are bound to wear down your flooring over time. If you need to repair or upgrade the floors in your home, our network of reputable contractors can help you address some of the following common flooring problems:

  • Dents and scratches: While most dents and scratches result from general wear and tear, deep marks can cause the material to break or shatter if not addressed. Some blemishes can be removed by sanding or refinishing the floor.
  • Fading: Hardwood flooring is particularly vulnerable to color changes as it’s exposed to sunlight and other weather. Some types of wood are more photosensitive than others. Significant fading can be addressed by refinishing the floors.
  • Gaps: While some gaps are common in flooring as it shifts and settles, more significant gaps indicate moisture, humidity, or weakening supports that require repair.
  • Squeaks: Your floor will squeak if the wood shifts or warps or the subfloor or joists start to deteriorate. You’ll need to ensure your shifts aren’t due to water damage first and then address any gaps or spaces between the joists and the subfloor to stop the sounds.
  • Buckling: If the flooring begins to lift from the subfloor, it indicates that you have more significant or recurring damages caused by water or leaks. Changes in moisture require pulling up the flooring and addressing the water damage.
  • Cupping and crowning: When moisture gets into your flooring, it will cup or crown, depending on the location of the water. Pooling on the bottom of the floorboard will cause the edges to lift into a cup shape, while more water on top of the flooring will cause it to crown (rise).

Factors to Consider Before Updating Flooring

Many factors determine the process of putting down the luxury flooring of your dreams. Renovate’s network of top-notch contractors will consider the size of your room, budget, and subfloor condition before laying down a single plank.

Here are some of the aspects they might walk you through before starting a flooring project:

Subflooring and Underlayment

Subflooring and Underlayment

If you’re dealing with warping, squeaky floors, or water damage, you might need to replace your subfloors, the base layer that supports your flooring. Putting down new flooring or underlayment, like marble, carpet, or linoleum, requires laying the proper foundation first (literally). Our experienced contractors can consider the condition of your existing base layer and the new style of flooring you’re after to determine whether you need to improve the condition of your subfloor before installing any new material.

Finishes

Finishes

When putting down new floors, you’ll need to account for the finishes and add-ons you’ll use to achieve your desired look, such as installing new baseboards or adding a top coat to protect your investment. Finishes like polyurethane, urethane, or wax are suitable for sealing the materials you lay down in high-traffic spaces, entryways, and living rooms. Renovate’s network of skilled contractors can help you determine an appropriate timeline (and budget) required to complete the project.

Durability

Durability

Keep durability and water resistance in mind when selecting flooring material. For example, areas with high moisture levels, like bathrooms, will need a material that won’t warp or stain. Areas prone to children’s feet and pet paws require a material that can handle high traffic without scratching or scruffing. Let our top-notch contractors put you a step in the right direction with recommendations on the most durable and long-lasting flooring for your home.

Pattern

Pattern

Your chosen patterns will determine the material you need to cover the space for tile and planked floors like hardwood. Stacked patterns, in which the floor is laid in straight lines, are cheaper than herringbone or chevron. Complex patterns will also require more labor when considering the amount of cuts needed to match each edge. Renovate’s home improvement contractors can help you design and layout the flooring to meet your vision.

Benefits of Flooring Financing with Renovate

Renovate helps homeowners get polished and shiny new floors without breaking the bank. Here are some of the benefits of using Renovate to secure a loan to install flooring:

No Additional Costs

No Additional Costs

It’s free to use our financing request form and connect with experienced contractors who may offer flexible financing solutions. Renovate will reference its network of pre-screened home renovation professionals and show you affordable payment plans for installing new flooring without a high upfront cost.

Competitive Loan Rates

Competitive Loan Rates

Renovate strives to connect homeowners with varying credit profiles to reputable, pre-screened contractors and direct financing options. Our extensive, inclusive lender network secures more opportunities for floor financing that helps cut up your costs into more affordable payments that make your home improvement goals attainable.

Fast Funding and Approval

Fast Funding and Approval

With Renovate, you may get a pre-qualification offer in minutes. Submit your request using our online form, and we’ll try to connect you with contractors who offer hardwood flooring financing near you so you can replace or refinish your floor quickly.

Apply for a Loan

Apply for a Flooring Loan

Check Other Home Renovation Loan Options

Flooring Financing FAQ

Floor financing may be available to homeowners with bad credit through private financing companies, but the interest rates and fees will be higher. It’s worth comparing lenders to determine who offers the best terms for making upgrades more affordable. You can typically pre-qualify for financing and view offers using a soft credit check, though a hard credit check will be performed during the application process. Applying with a cosigner may also improve your approval odds for financing with bad credit.

New flooring improves the look of your home, which many buyers find appealing. How much ROI new flooring adds to its value depends on the material you choose to lay down. The National Association of Realtors found that installing new wood flooring recoups 118% of its costs, and refinishing an existing hardwood floor can return 147%.

With a home improvement loan, you can purchase a flooring material, install it, and pay for it over time through lower monthly payments. Financing terms and your costs will differ depending on the lender or home improvement contractor offering financing.

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