How to Finance an HVAC System + Best Options

Updated on January 7, 2024

At a Glance

  • HVAC loans are unsecured personal loans used for heating, ventilation, and air conditioning systems.
  • Lenders like Upgrade, LendingClub, LightStream, Wells Fargo, and Discover offer HVAC financing with varying terms and credit score requirements.
  • Consider factors such as APR, repayment terms, monthly payments, and alternative financing options when choosing an HVAC loan.

In extreme climates, an HVAC system (heating, ventilation, and air conditioning) may be the difference between a comfortable and an unlivable home. Read on to learn a bit more about the various options for HVAC financing.

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What Are HVAC Loans

HVAC systems are quite expensive. HVAC loans are usually unsecured personal loans that you use to buy an HVAC system. 

The system itself does not serve as collateral for the loan–your credit score does. That means that all the requirements and considerations that apply to personal loans, in general, apply to HVAC financing.

HVAC loan is a type of home improvement loan, so make sure to use “Home Improvement” as the loan purpose when applying for a loan.

The average loan amount for HVAC loans could be a few thousand dollars to tens of thousands of dollars. The loan offers – amounts, rates, and terms will depend on your credit profile.

Because you are updating the system, you are likely to be a homeowner. This may reflect positively when lenders are evaluating your loan application.

10 Ways to Finance an HVAC System

Financing an HVAC system can be a smart choice, especially if you need to replace or upgrade your heating and cooling equipment but don’t have the funds readily available. Here are some of the best ways to finance an HVAC system:

  1. Personal Savings – If you have enough savings set aside, paying for the HVAC system upfront is often the most cost-effective option. It eliminates the need for interest payments and potential loan fees.
  2. Home Equity Loan or HELOC – If you’re a homeowner with significant equity in your property, you can consider a Home Equity Loan or Home Equity Line of Credit (HELOC). These loans use your home as collateral, typically offering lower interest rates compared to unsecured loans.
  3. Credit Cards – Using a credit card to finance your HVAC system is an option, but it’s typically best suited for smaller projects or when you can pay off the balance quickly to avoid high-interest charges. Look for credit cards with promotional 0% APR offers if available.
  4. Manufacturer Financing – HVAC manufacturers and dealers often offer financing options to customers. These can include special promotions, low or zero-percent interest rates, or extended repayment terms. Be sure to read the terms and compare them to other financing options.
  5. Energy-Efficiency Loans or Programs – Some government agencies and utilities offer energy-efficient financing programs or loans designed to promote the installation of energy-efficient HVAC systems. These loans may come with attractive terms or incentives.
  6. Personal Line of Credit – If you have a personal line of credit established with your bank or credit union, you can use it to cover the HVAC system cost. Interest rates and terms may vary.
  7. Energy-Efficiency Incentives and Rebates – Look for available incentives or rebates related to energy-efficient HVAC systems. These can help offset the upfront cost, reducing the amount you need to finance.
  8. Home Improvement Loans Some financial institutions offer specific home improvement loans that can be used for HVAC system upgrades. These loans may have favorable terms for homeowners.
  9. Financing through HVAC Contractors – Many HVAC contractors partner with lenders to offer financing options to their customers. While convenient, be sure to compare the terms with other financing sources.
  10. Personal Loan – Personal loans are unsecured loans that you can use for various purposes, including financing an HVAC system. The interest rates and terms may vary based on your creditworthiness and the lender.

It’s essential to carefully evaluate your financing options and choose the one that best suits your financial situation and long-term needs. Always read the terms and conditions of any loan agreement and, if needed, consult with a financial advisor for guidance.

5 HVAC Financing Options

HVAC financing is essentially getting a personal loan and using it to buy an HVAC system. Any lender that offers unsecured personal loans is an option that you can explore for HVAC financing. Below are a few typical personal loan lenders.

AmOne (Best for Good or Okay Credit)

When it comes to financing HVAC systems, AmOne stands out for those with okay to good credit ratings. Their platform serves as a bridge between borrowers and a variety of lenders, ensuring that customers get matched with financial solutions that suit their needs. For those with moderate credit looking to invest in a quality HVAC system, AmOne offers a solid starting point to scout for suitable personal loan options.

AmOne Personal Loan

4.5
Stilt’s lender ratings reflect the findings and opinions of our editorial staff. Our scoring methodologies consider a wide array of factors and data points for every lender, offering, and financial solution.
Min. credit score

600

Fixed APR

3.99%-35.99%

Variable APR

N/A

Overview

  • Minimum credit score: 600.
  • Fixed APR: 3.99%-35.99%.
  • Loan amounts: $1,000 to $50,000.
  • Repayment: 1 to 7 years.

Qualifications

  • Must be at least 18 years old.
  • Must be a U.S. citizen or permanent resident.
  • While there’s no specific income requirement, a consistent source of income is essential for the applicant.

Pros

  • Suitable for individuals with lower credit scores.
  • No cost for the matching service.
  • Attractive loan rates.

Cons

  • Acts as an intermediary, not a direct lender.
  • Risk of multiple contacts from prospective lenders.
  • Lack of clarity on lender details.

Spring Loans (Best for Bad Credit or No Credit)

HVAC systems are essential for comfort, and Spring Loans ensures that even those with bad or no credit history aren’t left in the cold. Recognizing that credit scores aren’t the only measure of financial responsibility, Spring Loans offers adaptable loan options, catering especially to those who might find traditional lending avenues restrictive. Their approach gives many homeowners the chance to upgrade or replace their HVAC systems without financial strain.

Spring Loans Personal Loan

4.2
Stilt’s lender ratings reflect the findings and opinions of our editorial staff. Our scoring methodologies consider a wide array of factors and data points for every lender, offering, and financial solution.
Min. credit score

None

Fixed APR

27.00%

Variable APR

N/A

Overview

  • Minimum credit score: None.
  • Fixed APR: 27.00%
  • Loan amounts: $3,000.
  • Repayment: 48 months.

Qualifications

  • Demonstrate a recurrent income.
  • Minimum age prerequisite: 18 years.
  • Validate U.S. citizenship status with an SSN.
  • Provide a legitimate U.S. driver’s license or a state identity card.
  • Establish a functional bank account for incoming deposits.
  • Adhere to any specific demands by the loan provider.

Pros

  • Open to applicants with any credit background.
  • Four-year loan period aids in structured financial management.
  • The $3,000 offer addresses several short-term financial challenges.
  • Wide-reaching eligibility criteria invite a broad spectrum of applicants.
  • The focus on dependable income over job title benefits varied income sources.

Cons

  • The set 27% APR is higher than many alternatives.
  • Restriction to a $3,000 loan might not cover all financial outlays.
  • Possessing specific IDs is mandatory, sidelining some applicants.
  • A prerequisite for an ongoing bank account may limit certain users.

First Premier Lending (Best for Bad Credit)

For homeowners with a less-than-stellar credit history wanting to invest in a new HVAC system, First Premier Lending offers a beacon of hope. They take a holistic view of a borrower’s financial picture, providing loan solutions tailored to individual circumstances. Their commitment to understanding the unique needs of each client makes them a top choice for those with bad credit seeking HVAC system financing.

First Premier Lending Personal Loan

4.2
Stilt’s lender ratings reflect the findings and opinions of our editorial staff. Our scoring methodologies consider a wide array of factors and data points for every lender, offering, and financial solution.
Min. credit score

None

Fixed APR

27.00%

Variable APR

N/A

Overview

  • Minimum credit score: None.
  • Fixed APR: 27.00%.
  • Loan amounts: $3,000.
  • Repayment: 48 months.

Qualifications

  • Maintain a consistent source of income.
  • Must be at least 18 years of age.
  • Possess valid U.S. citizenship and a legitimate social security number.
  • Hold a current U.S. driver’s license or state-issued ID.
  • Keep an active bank account for direct deposit.
  • Satisfy any lender-specific criteria, such as credit rating, borrowing history, or place of residence.

Pros

  • No minimum credit score requirement allows accessibility for those with varied credit histories.
  • 48-month term provides clarity and allows for long-term financial planning.
  • Specific loan amount of $3,000 can meet many short-term financial needs.
  • Broad set of qualifications make the loan accessible to a wide range of people.
  • Emphasis on consistent income, not necessarily employment type, allows flexibility for borrowers.

Cons

  • A fixed APR of 27% is relatively high.
  • Loan amount is capped at $3,000, which might not cater to larger financial requirements.
  • Requirement of a U.S. driver’s license or state-issued ID could exclude some individuals.
  • Mandatory active bank account could be limiting for those who are unbanked.

Upgrade (Best for Good or Great Credit)

Homeowners with good to excellent credit scores will find Upgrade a compelling choice for HVAC system financing. Known for their transparent terms and competitive rates, Upgrade provides personal loan options tailored for homeowners looking to make significant home improvements. Their easy-to-navigate platform and swift approval process ensure that your home remains comfortable in any season.

Upgrade Personal Loan

5.0
Stilt’s lender ratings reflect the findings and opinions of our editorial staff. Our scoring methodologies consider a wide array of factors and data points for every lender, offering, and financial solution.
Min. credit score

560

Fixed APR

8.49% - 35.99%

Variable APR

N/A

Overview

  • Minimum credit score: 560
  • Fixed APR: 8.49% – 35.99%
  • Loan amounts: $1,000 to $50,000
  • Repayment: 3 to 5 years (7 years on some larger loans)

Qualifications

  • Possess an active bank account.
  • Able to provide a legitimate email address.
  • Minimum age requirement: 18 years (19 for Alabama residents).
  • Credit score of 600 or higher.
  • Annual income of $25,000 or more.

Pros

  • Willing to accommodate borrowers with a credit score as low as 560.
  • Offers flexibility with a range of loan amounts from $1,000 to $50,000. This can be suitable for both small and large financial needs.
  • Provides options for repayment, allowing borrowers to choose a timeline that best suits their financial situation.
  • Once approved, borrowers can access funds in just one day, which is useful for urgent financial needs.

Cons

  • Origination fees can go as high as 9.99%, which might add a significant cost to the loan.
  • Apart from the origination fee, there are fees for late payments and failed payments, which can add up if one is not careful.
  • While there is an option to extend repayment for larger loans up to 7 years, it’s not standard for all loan amounts.

BestEgg (Best for Good Credit)

For those homeowners with good credit aiming to enhance their home’s comfort with a new HVAC system, BestEgg presents itself as a prime lending option. With a reputation for quick approvals and a user-friendly application process, BestEgg ensures that borrowers can swiftly secure the funds needed for their HVAC project. Their competitive rates and flexible terms make them a popular choice among homeowners with strong credit histories.

BestEgg Personal Loan

4.5
Stilt’s lender ratings reflect the findings and opinions of our editorial staff. Our scoring methodologies consider a wide array of factors and data points for every lender, offering, and financial solution.
Min. credit score

600

Fixed APR

8.99-35.99%

Variable APR

N/A

Overview

  • Minimum credit score: 600.
  • Fixed APR: 8.99-35.99%.
  • Loan amounts: $2,000-$50,000.
  • Repayment: 3 to 5 years.

Qualifications

  • Targets borrowers with good to excellent credit; fair credit may qualify.
  • Minimum credit score of 600.
  • At least two years of credit history.
  • Minimum annual income: $3,500 from various sources like employment, alimony, and more.
  • Debt-to-income ratio: 40%, or 65% when including a mortgage.
  • Must be a U.S. citizen.

Pros

  • Soft credit check available for pre-qualification.
  • Offers a diverse spectrum of loan amounts.
  • Provides options for secured loans.
  • Direct payments can be made to creditors for debt consolidation.
  • Late fees are not charged.

Cons

  • Charges an origination fee.
  • Doesn’t offer rate discounts.
  • Initial payment date isn’t customizable.
  • Lacks a dedicated mobile app for loan management.

Our pick for No Credit Check HVAC Financing

Spring Loans (Best for Bad Credit or No Credit)

Spring Loans Personal Loan

4.2
Stilt’s lender ratings reflect the findings and opinions of our editorial staff. Our scoring methodologies consider a wide array of factors and data points for every lender, offering, and financial solution.
Min. credit score

None

Fixed APR

27.00%

Variable APR

N/A

Overview

  • Minimum credit score: None.
  • Fixed APR: 27.00%
  • Loan amounts: $3,000.
  • Repayment: 48 months.

Qualifications

  • Demonstrate a recurrent income.
  • Minimum age prerequisite: 18 years.
  • Validate U.S. citizenship status with an SSN.
  • Provide a legitimate U.S. driver’s license or a state identity card.
  • Establish a functional bank account for incoming deposits.
  • Adhere to any specific demands by the loan provider.

Pros

  • Open to applicants with any credit background.
  • Four-year loan period aids in structured financial management.
  • The $3,000 offer addresses several short-term financial challenges.
  • Wide-reaching eligibility criteria invite a broad spectrum of applicants.
  • The focus on dependable income over job title benefits varied income sources.

Cons

  • The set 27% APR is higher than many alternatives.
  • Restriction to a $3,000 loan might not cover all financial outlays.
  • Possessing specific IDs is mandatory, sidelining some applicants.
  • A prerequisite for an ongoing bank account may limit certain users.

Financing HVAC with a Home Equity Line of Credit

Home Equity Lines of Credit (HELOCs) use the equity you’ve built in your home as collateral. The distinction, however, lies in the nature of the HELOC, which provides a flexible credit line with a fluctuating interest rate over a set period, rather than a lump sum.

“HELOCs serve as a revolving credit source, offering homeowners the ability to borrow amounts as and when needed throughout the draw period,” notes Brandon Juodikis, a Certified Financial Planner™ and the founder of BRJ Wealth. “This can be particularly advantageous for managing upcoming expenses or home improvements.”

With a HELOC, the notion of a fixed monthly payment is replaced by variable minimum payments that hinge on the prevailing interest rate, making it a challenge to predict monthly financial obligations.

And, as with any borrowing against home equity, the stakes are high; failure to adhere to the HELOC repayment terms could ultimately result in the loss of your home to foreclosure.

Financing HVAC with a Home Equity Loan

If you’re a homeowner with considerable equity in your property, a home equity loan might be a viable borrowing option. Typically, the borrowing limit for such a loan does not exceed 85% of the available home equity. This type of loan is secured, essentially requiring you to use your home as collateral, much like obtaining a second mortgage.

Upon securing a home equity loan, you receive a one-time cash payout, which is followed by the obligation to repay the loan in fixed monthly installments over a set period. This predictability of payments can simplify financial planning, similar to the way personal loans work.

Securing a loan with your house often results in access to lower interest rates compared to other financing methods because the lender’s risk is reduced by your home’s collateral. Nonetheless, this cost advantage comes with a considerable caveat: the potential forfeiture of your home if repayments are not maintained, risking foreclosure.

Moreover, the process for obtaining a home equity loan typically takes longer than for unsecured loans. Lenders usually require a property appraisal to determine the value of your home before they approve the loan, which adds to the timeline.

Using a Credit Card for HVAC Financing

Numerous homeowners possess at least one credit card or have the means to obtain one with ease. The allure of using a credit card to finance a heating and air-conditioning system lies in its straightforwardness.

However, Juodikis warns, “Credit cards can carry substantially higher interest rates than other forms of financing if the balance isn’t settled by the payment deadline.”

These higher rates can make financing an HVAC system quite costly due to the accruing finance charges. Yet, a potential workaround is to use a credit card offering a 0% APR introductory period, presenting an opportunity to pay off the expense without incurring any interest.

Considerations to Keep in Mind with HVAC Loans

When you have the loan details, pay attention to the following factors:

  • APR: Generally, the loan with the lowest APR is the least expensive, even if it isn’t the one with the lowest interest rate.
  • Repayment period: This is the total length of time to pay off the loan. Shorter repayment terms often lead to higher monthly payments but potentially lower APRs.
  • Discounts: You may be eligible for discounts if you have an existing relationship with the lender, or if you make special arrangements, such as automated loan repayment.
  • Monthly payment: The monthly payment determines whether you will be able to make the payments for the loan along with your other expenses. Extending the repayment period can lower the monthly payment.
  • Fees: Some lenders charge fees, such as prepayment penalties. Be aware of these so you are not caught by surprise.

Once you have all the details, you can choose the loan which is the least expensive and suits your needs best.

Tips for Comparing HVAC Loans

Purchasing a new HVAC system is a big investment, so you want to make sure you work with a lender that’s a good fit for your needs. Below, we’ve compiled seven tips to help you compare HVAC loans so that you can get the best rates and find a lender that makes sense for your situation.

  1. Assess Your Needs: Understanding your HVAC system requirements is crucial because it helps you determine the loan amount you need and ensures that the financing aligns with your specific needs.
  2. Check Your Credit Score: Your credit score plays a significant role in loan approval and the interest rates offered. A good credit score can result in better loan terms, so it’s essential to know where you stand.
  3. Compare Interest Rates: Interest rates are a critical factor in the cost of your loan. Comparing rates from different lenders allows you to find the most affordable financing option.
  4. Loan Terms: Evaluating loan terms, including the repayment period, helps you choose a loan that fits your budget and financial goals. Longer terms may have lower monthly payments but can cost more in interest over time.
  5. Fees and Charges: Be aware of any fees associated with the loan. Understanding these fees helps you assess the overall cost of borrowing and avoid surprises.
  6. Energy Efficiency Incentives: If you’re interested in an energy-efficient HVAC system, look for loans that offer incentives or lower rates for such upgrades. This can save you money in the long run.
  7. Read the Fine Print: Thoroughly review the terms and conditions of each loan offer to understand any hidden clauses or restrictions. This step ensures you’re fully informed about the loan agreement.

How Much Does an HVAC System Cost?

The cost of an HVAC (Heating, Ventilation, and Air Conditioning) system can vary significantly based on several factors, including the type of system, its size, your location, and any additional features or upgrades you choose. Here’s a general overview of the cost range for different types of HVAC systems:

Type of HVAC SystemCost Range
Central Air Conditioning$3,000 – $7,000+
Furnace$2,500 – $7,500+
Heat Pump$4,000 – $8,000+
Ductless Mini-Split System$3,000 – $10,000+
Geothermal Heat Pump$10,000 – $25,000+
Boiler$3,000 – $10,000+
Installation and LaborVaries by location
Ductwork$1,000 – $5,000+
Additional Features and UpgradesVariable
Maintenance and RepairsOngoing, variable costs

Factors that Impact the Cost of an HVAC System

The cost of an HVAC (Heating, Ventilation, and Air Conditioning) installation can vary significantly based on several factors. It’s essential to consider these factors when planning your HVAC project and budgeting for the installation:

  • Type of HVAC System – The choice of HVAC system you install will have a substantial impact on the cost. Central air conditioning, heat pumps, ductless mini-splits, furnaces, and geothermal systems all come with different price points.
  • System Size – The size and capacity of the HVAC system needed to adequately heat or cool your space will affect the cost. Oversizing or undersizing the system can lead to inefficiencies and higher operating costs.
  • Energy Efficiency – Energy-efficient HVAC systems, which may have a higher upfront cost, can result in long-term savings on energy bills. Look for systems with high SEER (Seasonal Energy Efficiency Ratio) and AFUE (Annual Fuel Utilization Efficiency) ratings.
  • Ductwork – If your home doesn’t have existing ductwork or requires modifications, installing or updating ducts can add to the overall cost. Ductless systems, like mini-splits, may be a cost-effective alternative in homes without ducts.
  • Labor Costs – Labor costs for HVAC installation can vary based on the complexity of the project, local labor rates, and the contractor’s experience. Obtaining multiple quotes from reputable HVAC contractors can help you gauge labor costs.
  • Location and Accessibility – The location of your HVAC system, as well as its accessibility, can affect installation costs. Systems installed in challenging or hard-to-reach areas may require more labor and materials.
  • Zoning and Controls – Adding zoning capabilities or advanced HVAC controls can increase the cost of the installation but may provide greater comfort and energy savings.
  • Duct Insulation and Sealing – Properly insulating and sealing ductwork can improve system efficiency but may add to the upfront cost. However, it can lead to long-term energy savings.
  • Permits and Regulations – Local building codes, permits, and regulations can influence installation costs. You may need to obtain permits for HVAC work, which can incur fees.
  • Warranty and Maintenance – Higher-quality HVAC systems often come with better warranties, which may have a cost associated with them. Additionally, consider the long-term maintenance costs to keep your system running efficiently.
  • Additional Features – Depending on your preferences and needs, you may choose to include additional features such as air purification systems, humidifiers, or smart thermostats, which can increase the installation cost.
  • Geographic Location – Your geographic location can impact installation costs due to climate considerations, local building codes, and differences in labor rates and material costs.
  • Seasonal Timing – The time of year when you schedule the HVAC installation can affect costs. Off-peak seasons may offer lower labor rates and faster scheduling.
  • Financing Costs – If you’re financing the installation through a loan or credit, interest charges and fees associated with the financing can add to the overall cost.
  • Contractor Selection – The HVAC contractor you choose can influence the cost. Be sure to select a reputable, experienced contractor who provides accurate estimates and high-quality work.

To get an accurate estimate for your HVAC installation, it’s essential to consult with local HVAC professionals who can assess your specific needs, provide a detailed quote, and take into account all relevant factors. This will help you budget effectively and make an informed decision regarding your HVAC project.

HVAC Financing Alternatives

There are several HVAC financing alternatives and options available to homeowners and businesses looking to finance their heating, ventilation, and air conditioning (HVAC) systems. Here are some HVAC financing alternatives to consider:

  • Energy-Efficiency Loans Some government programs and financial institutions offer energy-efficiency loans specifically designed for home improvement projects that enhance energy efficiency, including HVAC system upgrades. These loans often come with favorable terms and lower interest rates to incentivize energy-efficient investments.
  • Energy-Efficiency Rebates and Incentives – Explore local, state, and federal energy efficiency programs that offer rebates, tax credits, or incentives for installing energy-efficient HVAC systems. These financial incentives can significantly reduce the upfront cost of your system.
  • PACE (Property Assessed Clean Energy) Financing – PACE programs allow homeowners to finance energy-efficient improvements, including HVAC upgrades, through a special assessment on their property taxes. PACE financing may offer competitive interest rates and longer repayment terms.
  • Utility Financing Programs – Some utility companies partner with lenders to offer financing programs for energy-efficient home improvements, including HVAC systems. These programs can provide low-interest loans or on-bill financing options.
  • Home Warranty Plans – Some HVAC contractors and manufacturers offer extended warranty plans that include financing options. These plans may allow you to spread the cost of your HVAC system over an extended period while enjoying warranty coverage.
  • Peer-to-Peer Lending – Peer-to-peer lending platforms connect borrowers with individual investors willing to provide loans. Depending on your creditworthiness and loan request, you may find competitive financing options through these platforms.
  • Home Equity Financing – If you have substantial equity in your home, consider tapping into it through a Home Equity Loan or Home Equity Line of Credit (HELOC) to finance your HVAC system. These loans often offer lower interest rates due to the collateral (your home).
  • Credit Unions – Credit unions typically offer competitive loan rates and may have specific home improvement loan products suitable for HVAC financing. Joining a credit union can be an option if you’re not already a member.
  • Manufacturer or Dealer Financing – HVAC manufacturers and authorized dealers often partner with lenders to offer financing options to customers. These can include promotional rates or extended repayment terms.
  • Personal Loans Personal loans from banks, online lenders, or credit card companies can be used for HVAC financing. Interest rates and terms vary based on your creditworthiness and the lender’s policies.
  • Home Improvement Loans Some financial institutions offer unsecured home improvement loans that can be used for various home renovation projects, including HVAC upgrades.
  • Government Grants and Assistance Programs – In some cases, you may be eligible for government grants or assistance programs that provide funding for home energy efficiency improvements. Check with local or state agencies for available programs.
  • HVAC Lease Programs – Some HVAC companies offer lease-to-own or rental programs that allow you to use an HVAC system without purchasing it outright. While not a traditional financing option, it can be a way to spread out costs over time.

When considering HVAC financing alternatives, carefully review the terms and conditions of each option, including interest rates, fees, and repayment terms. Assess your financial situation, creditworthiness, and long-term goals to choose the financing solution that best suits your needs and budget.

HVAC Financing FAQ

The questions below often come up when discussing the topic of HVAC financing.

Can I afford a new air conditioner or furnace?

It depends on your home, the climate in your area, and your financial position. There are situations, especially in extreme climates, where replacing an older HVAC system with a newer one can save you money in terms of operating and repair costs, despite the upfront investment required.

Do I need perfect credit to get HVAC financing?

Not necessarily. Different lenders have different credit requirements. Generally, the lower your credit score, the more interest your loan will attract. 

Do HVAC companies offer to finance?

Yes, but not all. It is not guaranteed that all the HVAC companies in your area will offer HVAC financing, but many HVAC companies do. Contact HVAC system dealers in your area to see what financing offers they have.

What credit score do you need to finance an HVAC system?

Whether there is a minimum credit score depends both on the type of loan and the lender you choose for HVAC financing. Some personal loan lenders will approve your application even with a low credit score if you meet other requirements.

Read More

Final Thoughts 

HVAC financing generally means getting a personal loan to buy an HVAC system for your home. There are alternatives to a personal loan, including dealer financing and government assistance from the Department of Housing and Urban Development. In extreme climates, HVAC can be the difference between a comfortable and an uninhabitable home. Sometimes, replacing an old HVAC system can save you money in the long run by decreasing operating and repair costs.

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Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.