We offer convenient fast financing solutions
KConstruction now offers its clients financing through Hearth. These loans are fast, easy, and affordable. From cash promotions to affordable fixed rate options, Hearth offers a great way to finance any home project.
How to secure financing for your project
Financing Questions
We’ve gathered the most frequently asked questions
Q. How does Hearth compare to other lenders?
Hearth doesn’t provide homeowners with loans directly. Hearth connects homeowners to a network of 18 lender partners looking to connect with homeowners to finance their projects so borrowers can break their project costs into monthly payments.
Q. What are your interest rates?
Interest rates can start as low as 7.99% for personal loans, but the annual percentage rate (APR) depends on credit score, debt-to-income ratio, loan amount and other factors.
Q. Will this affect my credit score?
Hearth’s prequalification application does not affect your credit score. However, once a homeowner applies for a loan directly with a lender, that can produce a hard pull to their credit, depending on the lender. A hard pull may impact your credit score.
Q. Is there a prepayment penalty?
There are no prepayment penalties for borrowers who find loan options through Hearth. Paying a balance sooner than later means savings for homeowners.
Q. What is the difference between a hard and soft inquiry?
Hard inquiries may occur by a lender when you apply for a loan, credit card, or mortgage. They provide the lender with a detailed report of your credit history. They may have an impact on your credit score and usually stay on your credit report for up to two years. Soft inquiries usually occur during a pre-qualification or pre-approval. They provide the lender with a high-level summary of your credit report. They do not have an impact on your credit score.
Q. What information do I need to apply for a loan?
Homeowners need to share their name, contact information, physical address, Social Security Number, and provide income verification. Also, a homeowner’s credit report must be unfrozen or unlocked.