A nice-looking fence can make your house more appealing — apart from giving you a sense of security as well as privacy. If your home truly needs a fence, it may even increase its value and aid in attracting potential buyers. However, the initial investment of a fence installment is sometimes too much to bear for a homeowner on a tight budget. And, that’s when they turn to fence financing!

Fence financing is a smart investment. It helps you afford the best fencing for your house. And, who wouldn’t want that? After all, your home is a top priority for you — an important sanctuary for you and your loved ones that you must protect. 

Once you decide on the fence style, the fence material, and the fence size you want, you can compare the best fence loan options near you — subject to credit approval, of course. 

The good news is that there are various personalized as well as competitive financing options available. They can help you break your fence project into convenient monthly payments with a customizable payment plan for a fence. So, if you’re thinking about putting up a fence around your home, here’s everything you’d want to know about fence installation and the best fence financing options.

Can I finance a fence?

Yes, you can. Financing a fence helps you set up a payment plan to pay for your fence over a certain loan term. Fortunately, you can choose the fence financing options that suit your requirements. Fencing loans are available for all credit types.

The first step is to determine how much money you need to borrow and from where can you find the most viable fence financing. 

The average cost of fence materials and installation is approximately $,2,711. Most homeowners pay between $1,580 to $3,418 to install a fence, depending on the fence material, size, labor cost, and location.

For your info, it costs more to make a fence with horizontal fence boards. Vertical fence boards are easier to install — typically aligning along the top or bottom, and fit within a frame. 

The next step is to apply for a home improvement loan by submitting an online loan application for fence financing. Once you do that, you will receive multiple personalized loan offers within minutes. That too without affecting your credit score!

Is new fence installation financing available?

Yes, fence financing is available for any new fence installation. Depending on your fence installation cost, which depends on your fence material and fence size, the best option is to use a personal loan

While you may want to use your credit card for the fence purchase and installation, a personal loan is easier to manage. Credit cards are known to have really high-interest rates. They are better for short term borrowing, not a long, drawn-out loan funding.

Read more: How to get a personal loan in 10 easy steps

How to finance a fence installation

If you want to analyze all your fence financing options, here’s a brief look at the most popular choices:

Fence financing through an unsecured personal loan

A personal loan qualifies you to receive a certain loan amount which you have to pay back over a fixed loan term — usually up to 12 years. The best part about an unsecured personal loan is that you can use the funds for just about anything — including fence financing. You can get up to $100,000 with favorable interest rates. If you repay a personal loan within the specified terms, it should increase your credit score.

Fence financing through a credit card

Using a credit card for fence financing is a good idea if you can repay the amount quickly enough. Moreover, there are many fencing stores and credit card companies offering you reward points or cash bonuses for using a credit card. However, keep in mind that credit cards usually have higher interest rates and lower spending limits than personal loans. And if you use more than 30% of your credit card’s available limit, you may end up bringing down your credit score. 

Fence financing through a fence company

Some fence companies or contractors also offer special financing. However, you will typically need a good credit score to qualify. You also need to consider that such fence loans may incur high fees.

It’s important that you read the loan terms carefully and take advantage of the promotional periods and the introductory zero-interest rates. A huge difference between fence financing companies and personal loans for fences is that personal loans provide you more flexibility and more favorable terms. 

Different types of fence options

Depending on your home renovation budget and the style of your house, you can choose the best fencing options. Let’s take a look at some of the most popular types of fences.

Metal or chain link fence

Metal or chain link fences are an ideal choice for families with children and pets. They provide good security against intruders. However, such a type of home fencing can be expensive and does not offer much curb appeal. The average metal or chain link fencing cost is around $15 to $50 per linear foot.

A wire fence is the cheapest type of fence to install — costing between $1 to $7 per linear foot. Within this category, you could choose a hog wire, woven wire, or barbed wire.

Wood fence

Wood is one of the most popular fencing materials for homes. It provides a good amount of privacy and style. Keep in mind that wood fences require more upkeep than metal or chain link fences.

The average cost of a wood fence is about $13 to $19 per foot. Of course, the total price depends on the type of wood you choose. For example, a pinewood fence is one of the more affordable types of wood fencing while a tropical hardwood fence is more expensive than cedar and redwood. 

Vinyl fence

Vinyl fences look good, are durable, and have low maintenance requirements. Moreover, they do not rust, corrode, warp, or rot. And, such eco-friendly fencing is easy to install. However, it may not provide as much security as other types of fences. Vinyl fencing is also an expensive option.

Read more: Vinyl fence cost guide

Can I get fence financing?

The good thing about fence financing is that there are always options available for you. The best loan option if you have according to your credit score is a personal loan. You can qualify for such a loan with a credit score of 550 or above. Keep in mind that the lower your credit scores, the more will be your loan rates. Furthermore, your loan approval amount may be lower. 

The best way to increase your chance of approval is by trying to raise your credit score to the mid to high 600’s. 

Read more: How long does it take to improve your credit score

Can I get fence financing with no credit check?

If you’re wondering, what are the best no check options for fence financing near me, you must do a good amount of research before finalizing a fence loan. Remember that your chances of qualifying for a no credit check fence financing depend on your loan lender. However, they will eventually pull your credit when it’s time to finalize the loan. 

Pros and cons of fence financing

Financing a new fence can allow you to finish your fencing project the right way, on time, and seamlessly. Fence financing comes with a variety of payment plans as well as terms and conditions. You can choose the best financing program based on the most favorable repayment plan, lowest rates, and APR.

Financing a fence does come with its risk. You simply cannot afford to miss a repayment deadline — because if you default on your loan repayments, it can adversely affect your credit score and credit rating.

Fence Financing For Your Home was last modified: August 29th, 2021 by Ramona Sinha