Key Points:
- Flood Response offers two loan plans through GreenSky®: a fixed 11.99% APR for 180 months or no interest if paid in full within 12 months.
- Consumer financing lets you begin restoration or renovation work immediately, without waiting for insurance reimbursement or depleting your savings.
- Financing enables you to make home improvements and add premium finishes rather than just replacing damaged structures, potentially increasing your property value.
Whether you need property restoration after a destructive event or want to move forward with home renovations, the project cost can feel overwhelming. A burst pipe, stove fire, and basement mold problem all demand immediate attention, and your home remodeling vision shouldn’t have to wait, either.
Consumer financing gives property owners a solution, allowing them to start restoration or renovation work without worrying about paying the total cost upfront. At Flood Response, we understand the importance of addressing property damage as quickly and effectively as possible. We proudly partner with GreenSky®, a trusted home-improvement financing company, to make project payments more manageable for our Southern California customers.
Let’s unpack the benefits of consumer financing programs, including those offered by GreenSky® to Flood Response clients.
Why Choose to Finance Your Next Project
Most homeowners understand that consumer financing helps them pay for a desired service over a particular time period. But there are additional benefits to financing home restoration or renovation work that are less commonly known.
Restoration Financing Benefits
Manageable Monthly Payment: You can’t predict property damage, but you can plan for monthly payments. In addition to not paying more than you’re comfortable with upfront, you can space out your payments without overspending in any given month.
Upgrades Beyond Insurance Coverage: With financing, homeowners can make upgrades to finishes, fixtures, and materials with their restoration team without worrying about additional upfront expenses. For example, if you want to upgrade rather than replace damaged flooring, financing can help you do so.
Start Work Without Delay: Once you’re accepted for consumer financing, the restoration process can begin immediately, even while you wait for insurance funds to be released. This way, there are no project delays, and your local restoration team can mitigate the damage immediately.
Self-Pay Options: Financing does not mean you are locked into using insurance funds. If you prefer, you can self-pay each month.
Renovation and Remodeling Financing Benefits
Preserve Cash Flow: Spreading your payments over time not only helps you pay off your project on a timeline that works for you, but also helps you preserve cash flow. It also allows you to keep your savings available for emergencies or other expenses down the road.
Start the Project Sooner: As with restoration financing, you can begin renovations immediately and take the first steps. No need to wait months or years to save up enough cash.
Affordable Monthly Payments: Many financing programs offer structured payments, sometimes with promotional interest rates, making monthly payments much more manageable.
Potential Increase in Home Value: Any improvements you make to your Southern California home can raise its resale value. Financing helps you get there faster.
What Flood Response Offers Through GreenSky®
The GreenSky® Loan Program makes it easier to bring your home renovation or restoration project to life without paying everything up front. With simple applications, fast approvals, and flexible loan options, managing your costs becomes much easier.*
The process to sign up is simple:
- Apply directly online with GreenSky®.
- When approved, check your loan amount and choose your term length.
- Review and sign your loan documents online.
- Approve restoration project funding.
- Make payments through GreenSky®’s online customer portal.
The program features two flexible loan plans:
Fixed Rate
11.99% APR for 180 Months
No pre-payment penalty.
| Plan # | APR | Promo / Term | Example Project Cost & Payments |
|---|---|---|---|
| 1519 | 11.99% | 180 Months |
Example Project Cost
$5k – 180 monthly payments of $59.98
$10k – 180 monthly payments of $119.95
$15k – 180 monthly payments of $179.93
$20k – 180 monthly payments of $239.90
|
*Subject to credit approval. Interest is billed during the promotional period but all interest
is waived if the purchase balance is paid in full before the expiration of the promotional
period.
Plan #15191: Fixed Rate 11.99% APR for 180 Months
With no pre-payment penalty, this plan includes an Annual Percentage Rate (APR) of 11.99% and a promo period of 180 months. Here’s how much you would spend on your restoration project over that time:
- $5K = $59.98/month
- $10K = $119.95/month
- $15K = $179.93/month
- $20K = $239.90/month
No Interest if Paid in Full
Within 12-Month Promo Period, With Payments Required
Interest is billed during the promo period but will be waived if the amount financed is paid in full before the promo period expires.
| Plan # | APR | Promo / Term | Example Project Cost & Payments |
|---|---|---|---|
| 2611 | 17.99% – 24.99% | 12-Month Promo + 24-Month Term |
After Promo Period, 24 Monthly Payments of:
$5k – $198.77
$10k – $397.55
$15k – $596.32
$20k – $795.09
|
*Subject to credit approval. Rates range from 17.99%–24.99% APR. Monthly payments are required during the promo period, but making only the required monthly payments will not pay off the amount financed by the promo period expiration date.
Plan 2 #26112: No Interest if Paid in Full Within 12-Month Promo Period (Payments Required)
While interest is billed during the promo period, it’s waived if the amount financed is paid in full before the promo period ends. The APR is between 17.99% and 24.99%, with a promo period of 12 months. After the promo period, here’s how much you’ll pay over 24 monthly payments:
- $5K = $198.77/month
- $10K = $397.55/month
- $15K = $596.32/month
- $20K = $795.09/month
How Does Financing With GreenSky® Work?
From loan timelines to coordinating with your insurance claim, here are answers to some of the most common questions homeowners have when financing a restoration or renovation project with GreenSky®:
What type of credit is available with GreenSky?
GreenSky® Program loans are unsecured installment loans with fixed APRs that take effect once the loan enters its amortization period. An unsecured installment loan is a type of credit that doesn’t require collateral and is repaid through regular, scheduled payments over a set period. The amortization period is the timeframe during which you make monthly payments, pay down both the principal (the amount you borrowed) and the interest until the loan is fully repaid.
How long do I have to use my loan?
Once approved, and depending on your plan, you typically have up to six months to make your purchases and approve transactions. You can refer to your loan agreement for details.
When will my first payment be due?
Your payment’s due date depends on your GreenSky® loan plan. Some plans offer deferred or reduced payments during a promotional period. Check your loan agreement for specific terms. Keep in mind that there is no penalty for paying off your loan early.
If I’m using insurance to finance my reconstruction project, can I still use GreenSky®?
Yes. Many homeowners choose to use GreenSky® alongside their insurance claim. Financing can help cover upgrades or change orders not included in your insurance estimate, like upgraded cabinetry, countertops, or fixtures. It can also help keep your project moving faster by allowing you to start work immediately and make payments while waiting for insurance funds to be released.
Choose Flood Response for Your Next Restoration or Renovation Project
Don’t let costs keep you from restoring or renovating your property. Flood Response is an IICRC-Certified firm, meaning our team follows the professional standards set by the Institute of Inspection, Cleaning and Restoration Certification. With this expertise, we always ensure your property is fully restored, renovated, or remodeled before we call a project complete.
For over 20 years, we’ve helped families and business owners in Thousand Palms, Cathedral City, Palm Springs, and across Southern California communities take the necessary steps to restore their properties and rebuild their lives.
For 24/7 emergency services, contact Flood Response to schedule an appointment.
*Subject to credit approval. Interest is billed during the promotional period but all interest is waived if the purchase balance is paid in full before the expiration of the promotional period. See reverse for terms and conditions, FAQs, and contact information.
1 Plan 1519. Subject to credit approval. Loan term is 180 months at fixed rate of 11.99% APR. For example, assuming the full credit limit is used on loan approval date, for every $1,000 financed at 11.99% APR, 180 monthly payments of $12.00. This example is an estimate only. Actual payment amounts based on amount and timing of purchases. Call 866-936-0602 for financing costs and terms.
2 Plan 2611. Subject to credit approval. Rates range from 17.99% – 24.99% APR. Only well-qualified applicants will receive an APR of 17.99%; some applicants may not qualify. Loan amount and rate will vary based on your income and creditworthiness. 12 month promotional period (“Promo Period”) during which interest is billed but will be waived if the amount financed is paid in full before Promo Period expires. Monthly payments are required during the Promo Period, but making only the required monthly payments will not pay off the amount financed by Promo Period expiration date. Any unpaid balance and amounts owed after Promo Period will be paid over 24 monthly payments. For example, assuming the full credit limit is used on loan approval date, for every $1,000 financed at 24.99% APR, 36 monthly payments of $39.76. This example is an estimate only. Actual payment amounts based on amount and timing of purchases. Call 866-936-0602 for financing costs and terms.
GreenSky® program consumer loans are made by Synovus Bank, Member FDIC, NMLS #408043, without regard to age, race, color, religion, national origin, gender, disability, or familial status. GreenSky Servicing, LLC (“GSS”, NMLS #1416362, www.nmlsconsumeraccess.org)is a financial technology company that manages the Greensky® program by supporting originations and servicing the loans on behalf of banks and other financial institutions that make or hold program loans. Greensky® is a registered trademark of GreenSky, LLC and is licensed to banks and other financial institutions for their use in connection with the GreenSky® program. GreenSky LLC and GSS are not lenders. All credit decisions and loan terms are determined by program lenders.
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