Flooring Financing 101: Rates, Payments & How To Qualify

Flooring Financing 101: Rates, Payments & How To Qualify

What Do You Need To Know About Flooring Loans

Flooring loans are typically available in amounts ranging from $2,000 up to $50,000. Most flooring purchasers will have monthly payments between $150-$350 per month. There's a few factors that can raise or lower these monthly payments. Some of those factors can be interest rates, duration of the loan, and of course the total price of the project. We want to make it possible to get new floors! We understand the large role financing has in that, and we are eager to help you!

Financing Flooring

If you have a big project in mind, it's easy to worry about the cost. How many times have you put off a home project because of how tough it would be to pay all up front, At Flooring Solutions, we understand the huge need and convenience for financing. If you want new floors, you don't have to fret if you don't have the cash on hand. Our financing options make it easy to pay for your project over time. Choose from our 6, 12, or 18 month interest free promotions or go for one of our lowest APR plans for longer term financing. Below we'll help you understanding your financing options so you can begin your project!

Financing Large & Small Flooring Projects

One of the great things about our flooring financing options is that they can be used with any of our services. Whether it's a small job or something more involved like a kitchen or bathroom remodel, you can finance it all. We often encourage financing for our clients who are doing multiple projects in their home. It's understandable that it may be tough to come up with the funds all at once. However, even if you're doing a small project, say a few rooms of carpet, or a living room of laminate, you can use same as cash options! It's a great way to get the floors you dream of, while keeping money in your pocket. Our same as cash options are typically 6 month options, but you can pay off quicker if you do not need that much time. Another great option is deferred interest option for average size jobs. Our average total ticket is $6500. With deferred interest, all of your payments go towards paying that total down, instead of upfront interest.


Finding Out Your Monthly Payment

How does figuring out your monthly payment help you decide if financing your floors is the right decision? Imagine using somebody else's money for your floors that you've always dreamed of. Now imagine paying small, affordable monthly payments, while being able to use your money towards other things you want. Maybe you've been looking at new kitchen appliances as well. Or maybe you're wanting to save up for a family vacation. That is what our financing options can help you do! When you see your monthly payment, you're able to envision how else you can spend your money. This will help you realize you can pay for your flooring project over time. Refer to the infographic to see some monthly payment-plan options based on 1,000 square feet.

When Should You NOT Finance Your Floors

You never HAVE to use financing, even if it's encouraged by our Flooring Specialists. So when should you not finance your floors? That is a very personal decision, based on your personal finances. If you know your credit has recently taken a large hit due to other financing or purchases, it may be best to use a personal credit card or other forms of payment. Additionally, if already have the funds saved up and have been planning this purchase for some time, financing might not be right for you. If you are hoping to use financing for something in the near future besides flooring, it also may be best to discuss this with your CPA if it's a good idea. All in all, you don't have to use financing to pay for your floors, and we never pressure you into doing so.

Overall, financing your floors is the number one way to go if you're looking to pay over a period of time. With same as cash options, or a longer term, we can help you find the right monthly payment and right financing plan that works for your family and your budget. We want to make it possible to get new floors! We understand the large role financing has in that, and we are eager to help you!