Finance Your Kitchen or Bathroom Project Today

Kitchen & Bath Financing Options

Budgeting for a remodeling project is one of the biggest concerns homeowners have when they start to plan for a new kitchen or bath. It's a major decision and upgrade to renovate these spaces - one that impacts everyday living. And, why wouldn't it be? After all, these spaces are vital - considered hubs of the home. That said, a big question still remains for many people...

How do I pay for my new kitchen or bathroom?

Your kitchen or bathroom remodeling project is an investment in your home. Financing can help you to design, install and enjoy your dream space now, with a payment program that fits within your budget.

With Kitchen Magic, you have several options available to finance all or part of your kitchen or bath remodeling project. Based on your credit score and down payment, your kitchen design consultant can help you determine what works best for you and your goals.

Dream up your new kitchen & bathroom with us!

During your completely free design consultation, your Kitchen Magic consultant will talk with you about your remodeling goals, show you product samples, suggest design styles and offer you their truly expert advice. We'll recommend a design that fits your needs, and also provide you with an estimate for your project. We use a paperless application process, too, so you'll know right away what payment plan options are available to you!

4 Easy-Pay Options:

1-YEAR 12 month term

5-YEAR 60 month term

7-YEAR 84 month term

10-YEAR 120 month term

Money-saving tips to consider:

There are a few things to think about as you plan for your new kitchen investment. As with any payment agreement, be sure to review your financial plan for any restrictions that may apply.

Know your credit score. Checking your credit score before your initial consultation is essential if you are planning on financing your project. Check it for free at AnnualCreditReport.com, a resource recommended by the Federal Trade Commission.
Check with your own financial institution: Many homeowners choose to find their own financing plan through their current bank, mortgage lender or credit union. We are happy to work with your financing provider, if that is the best option for you.
Avoid additional fees: If you have a no-interest finance plan, be sure to stick with the payments as scheduled for the life of the plan to avoid paying additional interest fees.
Paying off sooner can really pay off: You may be able to pay the full amount of your kitchen payment plan early, which may reduce the amount of interest you end up paying overall. Check with your lender for details on how and when you can make additional payments.

* Kitchen Magic is neither a broker nor a lender; we do provide information about financing options available through select lenders unaffiliated with Kitchen Magic, under terms arranged directly between the customer and the lender; all subject to credit requirements and satisfactory completion of finance documents.

Schedule a free consultation

Our customers have installed beautiful new kitchens with affordable, flexible financing options. Because our prices vary depending on the color and style that you choose, as well as the size of your kitchen, we are happy to offer free consultations. Our design consultants will gladly provide you with pricing, financing information and the details involved in helping you realize the kitchen you have always dreamed of.

Lotte Bacho

Vice President and daughter of the founders of Kitchen Magic

Frequently Asked Questions

What kind of R.O.I. can I expect on my kitchen remodel?

While this figure changes from year to year, Remodeling Magazine's 2020 Cost vs Value Report estimate for costs recouped for minor kitchen remodels was 77.6%.

Do I have to finance the whole project?

No. Whether you finance all or part of your new kitchen remodeling project is up to you. Many homeowners find it helpful to take the time to work out a budget for their new kitchen project.

How do I check my credit score?

Your credit score is based on your personal credit history, and it is used by banks and other lenders to determine your "creditworthiness." Your score is mostly based on information obtained from credit bureaus. Various types of financial institutions use these scores to determine the potential risk they might have when lending money to consumers. Interest rates and credit limits of loans are also impacted by your credit score. (You can check your credit score at: Annual Credit Report.)

How does financing my kitchen affect my credit score?

Paying off your kitchen remodel financing plan regularly and on time can actually help your overall credit score. According to US News Today, your track record of paying back loans and credit cards is kept in your credit report. Your FICO credit score (the most commonly used score) weighs factors as follows: your payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).

Should I consider a home equity line of credit for my kitchen project?

If you have enough equity and good credit, a home equity line of credit (HELOC) may be a good option for financing your new kitchen. According to Consumer Reports, the term of the loan is typically 10 to 20 years, which is often referred to as the “draw period.” You can typically borrow 75 – 80 percent of your home’s appraised value, minus what you owe. HELOC interest rates are usually variable, and you may be charged an appraisal fee along with a possible annual fee of about $100 or less.