BEST OF

8 Best Mortgage Lenders for Home Improvement Loans of 2021

Looking to pay for home improvements? NerdWallet picked the best lenders in five categories to help you have a first-rate experience and get the best rates.

NerdWalletJanuary 30, 2021
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When you need to make improvements on a house, there’s more than one way to pay for it. Whether you own the house already or you’re buying a fixer-upper, and whether you’re building an addition or you’re merely renovating a bathroom, you have plenty of options for financing the work if you’re not paying for it out of savings.

NerdWallet researched dozens of prominent mortgage lenders to identify which are among the leaders in five categories of lending for home improvement projects. Happy hammering!

More ways to pay for home improvements

In addition to the mortgage options listed above, homeowners can consider unsecured personal loans that are not backed by collateral such as one’s home. Personal loan interest rates are higher, but borrowers won’t put their homes at risk. Check out NerdWallet's selections for some of the best personal loans for home improvements.

More from NerdWallet

Last updated on January 30, 2021

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Mortgage Lenders for Home Improvement Loans of 2021