Elevator Financing

    Financing Information
    for Your Elevator Project

    Financing eligibility, rates, fees, and terms are set by lenders. Review the details directly with any lender you are considering.

    Your Options

    Financing Options to Discuss with Lenders

    These are general financing categories, not offers or lender partnerships. Confirm eligibility, availability, and terms directly with the financial institution.

    HELOC (Home Equity Line of Credit)

    Best for homeowners with equity

    A HELOC is a line of credit secured by home equity. Eligibility, rates, fees, and any tax treatment are determined by the lender and a qualified tax professional.

    • Revolving credit structure
    • Rates and fees set by the lender
    • Tax treatment depends on individual circumstances
    Ideal for: Homeowners considering home equity

    Construction Loan Rollup

    Best for new construction

    Ask your builder and lender whether elevator work can be included in a construction loan. Loan structure and eligible project costs are determined by the lender.

    • Discuss project costs with your lender
    • Draw schedule set by the lender and builder
    • Loan terms vary by project
    Ideal for: New construction projects

    Home Improvement Loan

    Terms set by the lender

    Home improvement loans are offered by lenders under their own eligibility criteria and terms. Compare interest, fees, payment schedule, and any promotional conditions directly with the lender.

    • Eligibility determined by lender
    • Rates, fees, and terms vary
    • Review promotional terms with the lender
    Ideal for: Borrowers comparing lender options

    Other Loan Options

    Compare directly with lenders

    Personal loans and other credit products may be available from financial institutions. Ask lenders about eligibility, application requirements, rates, fees, and repayment terms.

    • Products vary by lender
    • Eligibility and terms are lender-determined
    • Review all fees before applying
    Ideal for: Borrowers reviewing alternatives

    Review Financing Terms with a Lender

    Contact a lender or financial professional to discuss eligibility, rates, fees, and repayment terms.