Omega Structural Inc.
Omega Structural Inc.
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    • Home
    • Foundations
      • Foundation Overview
      • Foundation Inspections
      • Foundation Waterproofing
      • Foundation Drainage
      • Leveling & Raising
      • Concrete Crack Repairs
      • Sister Foundations
      • Underpinning Pads
      • Pier and Beam Foundations
    • Retrofits
      • Soft Story Retrofits
      • Earthquake Bolting
      • Balcony Repairs
    • Hillsides
      • Hillside Remediation
      • Hillside Grading
      • Hillside Tarping
      • Pipe and Board
      • Retaining Walls
    • Other Services
      • Structural Inspections
      • Concrete Repair
      • Commercial Foundations
      • Living Spaces
      • Balconies, Decks, Patios
      • Framing
      • Driveways
    • About
      • Company
      • Gallery
      • Careers
      • Financing
      • Blog
    • Contact
  • Home
  • Foundations
    • Foundation Overview
    • Foundation Inspections
    • Foundation Waterproofing
    • Foundation Drainage
    • Leveling & Raising
    • Concrete Crack Repairs
    • Sister Foundations
    • Underpinning Pads
    • Pier and Beam Foundations
  • Retrofits
    • Soft Story Retrofits
    • Earthquake Bolting
    • Balcony Repairs
  • Hillsides
    • Hillside Remediation
    • Hillside Grading
    • Hillside Tarping
    • Pipe and Board
    • Retaining Walls
  • Other Services
    • Structural Inspections
    • Concrete Repair
    • Commercial Foundations
    • Living Spaces
    • Balconies, Decks, Patios
    • Framing
    • Driveways
  • About
    • Company
    • Gallery
    • Careers
    • Financing
    • Blog
  • Contact

Financing Renovations In California

Interest rates are up and insurance rates are skyrocketing in California. Luckily, we've done the research to bring those prices down for you. Financing renovations is easy and can be used to fund any form of construction including but not limited to bathrooms, basements, kitchens, pools, balconies, and foundations.  

Renovation financing allows homeowners to fix their home with a loan. The process is easy and follows the standards that you’d expect when financing a house or car. The steps are as follows;

  • Apply
  • Get approval
  • Project agreement (scope & cost)
  • Completion

How to Finance Renovations

Financing renovations is easy and we provide two options to homeowners; to apply themselves or to let us apply for them. All we need are a few qualifying details.


There are a number of financial institutions to chose from. Our suggested lender is first security bank who offers an outstanding loan at only 9.99% APR. 


First Security Bank requires the borrower to be on the title. They prefer a credit score above 680. They will accept borrowers with a lower score if they are in otherwise strong financial standing. They are primarily concerned with your debt to income ratio. Renovation loans are not hard to get as there is always another lender willing to make the loan, typically with a higher interest rate.

Step 1: Application & Approval

One way to do this is to call us and provide us with your name, date of birth, social security number, income, and mortgage information if applicable. Another option is to complete the application yourself. 

Step 2: Project Agreement

This is where we confirm the project details with you and come to an agreement on the scope and total cost. This agreement gets submitted to the lender for review. 

Step 3: Renovations

Finally, the project starts. While this is the most complicated step we make it simple for you. We handle all permits and ensure the projects impact on your life is brought to a bare minimum. 


The loans only start to accrue interest after the project is completed at which point a certificate of completion is signed and the contractor is paid by the lender. The payment is then between the lender and the borrower.  


Get in touch with us today so we can answer any other questions. 

Are Renovation Loans a Good Idea?

Renovation loans are a good idea if you are in strong financial standing. Your credit score, income, and expenses are all taken into account during the approval process. This is when the interest rate is set. Generally, debt is bad unless you can pay it off and increase your credit score at the same time. 

Best Lenders For Financing Renovations In California

Acorn Finance Marketplace

Acorn Finance Marketplace

Acorn Finance Marketplace

Acorn finance offers a marketplace for lenders and borrowers to find each other. This is certainly an innovative, modernized, and tech forward approach to financing. This is a good option for those who want a broader range of options or who may have issues being accepted by lenders. 


Total: 4.5 Stars

  • Customer Service: It is also ideal for 

Acorn finance offers a marketplace for lenders and borrowers to find each other. This is certainly an innovative, modernized, and tech forward approach to financing. This is a good option for those who want a broader range of options or who may have issues being accepted by lenders. 


Total: 4.5 Stars

  • Customer Service: It is also ideal for those who prefer online applications over phone calls. Acorn Financial also offers customer service by phone calls to help you through the entire borrowing process. 

4 Stars


  • Interest Rate: You can find interest rates ranging from around 7% to 30%. You can find loans from 2,000 to 100,000 on the acorn finance marketplace. 

4.5 Stars


  • Application Process: This online application process minimizes the risk of wasting time by being denied by lenders. 

5 Stars

First Security Bank

Acorn Finance Marketplace

Acorn Finance Marketplace

First Security Bank places first on this list for their wonderful customer service, easy application process, and attractive interest rate.


Total: 4 Stars

  • Customer Service: First Security Bank offers customer service through phone calls and email for both lenders and borrowers. Every point of contact is courteous and relaxing while still p

First Security Bank places first on this list for their wonderful customer service, easy application process, and attractive interest rate.


Total: 4 Stars

  • Customer Service: First Security Bank offers customer service through phone calls and email for both lenders and borrowers. Every point of contact is courteous and relaxing while still professional. 

4 Stars


  • Interest Rate: With an interest rate approximately a third of what many other lenders are offering one can not go wrong with first security bank as long as they qualify and prepared. 

4 Stars


  • Application Process: 3 step process (Phone call or email). The only point of improvement could be an online application process geared towards the younger generation.

 4.5 Stars

Wells Fargo

Acorn Finance Marketplace

Wells Fargo

  Wells Fargo is a well known financial institution. The application process is flexible towards your preferences and you can expect both the reliability and the bureaucracy that can be expected with large financial institutions.  


Total: 4 Stars


  • Customer Service: Wells Fargo is always consistent. You can expect professionalism but may miss

  Wells Fargo is a well known financial institution. The application process is flexible towards your preferences and you can expect both the reliability and the bureaucracy that can be expected with large financial institutions.  


Total: 4 Stars


  • Customer Service: Wells Fargo is always consistent. You can expect professionalism but may miss out on the personal touch from smaller lenders. 

4 stars


  • Interest Rates: Wells Fargo rates will very greatly by location, project details, and your financial background. Wells Fargo offers loans for renovations ranging from $3,000 to $100,000. 

4.5 stars


  • Application Process: You can begin the process by phone call, visit to your local branch, or through an online application on the Wells Fargo website. 

4 stars

Have questions? Contact us today for free consultation. Call +1 (213) 550-5106

Have questions? Contact us today for free consultation. Call +1 (213) 550-5106

Have questions? Contact us today for free consultation. Call +1 (213) 550-5106

Have questions? Contact us today for free consultation. Call +1 (213) 550-5106

Have questions? Contact us today for free consultation. Call +1 (213) 550-5106

Have questions? Contact us today for free consultation. Call +1 (213) 550-5106

Omega Structural Inc.

2516 W. Vernon Ave, Los Angeles, CA 90008

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