Our platform now supports repair financing for near-prime and subprime credit profiles, with approvals available down to a 550 risk score (risk score, not FICO). This is designed specifically for homeowners who need immediate repairs but have fewer financing options available to them today.
Prime and super-prime customers continue to have access to the same promotional and long-term financing options already available on the platform.
Repairs Covered
The expanded repair financing applies to a wide range of essential home services, including:
- HVAC repairs and replacements
- Plumbing repairs
- Electrical repairs
- Foundation repairs
- Other critical small- and large-ticket home repairs
Eligible properties include site-built and modular homes. Mobile homes are not eligible.
Loan Amounts & Term Options
To improve affordability, loan terms are structured around the total repair cost:
Repairs from $1,001 to $5,000
- Up to 60 months (5 years)
- Designed for smaller, more manageable repair needs
Repairs above $5,000
- Up to 144 months (12 years)
- Available even within near-prime and subprime risk ranges
- Helps reduce monthly payments for larger repairs
Note: The minimum repair ticket is $1,001, except in Georgia where the minimum is $3,001 due to state regulations.
Credit & Income Guidelines
To ensure responsible lending, the following requirements apply:
- Minimum risk score: 550
- Minimum monthly income: $3,000
- Valid Social Security Number required
- ITINs are not accepted
Why This Matters
This expansion gives contractors a stronger way to help customers move forward with necessary repairs, without a decision being based solely on credit tier.
For homeowners, it means:
- More access to financing when repairs are urgent
- Longer terms that help keep payments affordable
- A clear path forward when traditional options fall short
For contractors, it means:
- Fewer lost or declined repair decisions
- More consistent approval coverage across credit profiles
- A smoother, more confident financing conversation at the kitchen table
This enhancement is now available within the Comfort Connect platform for qualifying repair scenarios. If you’re a current customer and have questions about when or how to use these options, your Account Manager is always a great place to start.
If you aren’t currently a Comfort Connect platform user, you can reach out to learn more here.
