A simpler way to offer financing for home improvement projects.
Magwitch helps home improvement contractors offer fast, flexible payment options at the point of sale. We focus on simplicity, transparency, and speed—so your team can sell projects, not explain loan paperwork.
We believe financing should help you close the deal — not slow it down.
Ready to onboard?
Financing built for home improvement — without the headache.
Increase approvals across more customers
Single-lender financing limits who you can sell to. Magwitch gives you multiple lending paths through one simple application—helping more homeowners get approved without restarting the process.
One simple application, multiple outcomes
Customers complete one clean, mobile-friendly application. When available, you review offers in a single place and move the deal forward—no juggling portals or re-submitting information.
Built for how contractors actually sell
Designed for in-home and remote sales. Your team can send a link, walk a customer through it, or let them finish later—without slowing down the job or the close.
Designed to help you close bigger projects with less friction.
More approvals. Cleaner workflow. Financing your team will actually use.
The impact of offering financing on your sales
By offering financing through Magwitch, contractors are able to reduce price resistance, close larger projects, and move deals forward faster. Instead of focusing on total project cost, conversations shift to affordable monthly payments—making it easier for homeowners to say yes.
- Fast decisions for most applications
- Financing support for larger-ticket projects
- Clean, contractor-friendly dashboard
- Designed for in-home and remote sales
Traditional Installment
Fico - Term | 240 Months | 180 Months | 144 Months | 120 Months | 84 Months | 60 Months |
800+ | 11.99% | 8.99% | 8.99% | 8.99% | 6.99% | 6.99% |
750 - 799 | 11.99% | 9.99% | 9.99% | 9.99% | 6.99% | 6.99% |
700 - 749 | 11.99% | 9.99% | 9.99% | 9.99% | 6.99% | 6.99% |
680 - 699 | 13.99% | 10.99% | 10.99% | 10.99% | 8.99% | 8.99% |
650 - 679 | - | 14.99% | 14.99% | 14.99% | 12.99% | 12.99% |
630 - 649 | - | 17.99% | 17.99% | 17.99% | 15.99% | 15.99% |
600 - 629 | - | 21.99% | 21.99% | 21.99% | 19.99% | 19.99% |
580 - 599 | - | - | - | - | 24.99% | 24.99 |
Buy down of 2% MDR for every 1% APR reduction. Starting rates may vary based on credit profile.”
- One streamlined application that returns multiple offers across Prime, Near-Prime, Sub-Prime, No-Credit, and Lease-to-Own programs
- Instant soft-pull decisions so customers see their options immediately
- Rates starting at 6.99% with terms up to 240 months to keep payments affordable
- Loan amounts from $1,000 to $100,000+, depending on program eligibility
- Direct funding to your business, with instant payouts or standard ACH
Additional Programs
Give customers low or no interest upfront, with extended repayment options.
- Dealer Fee (MDR) Range: + 4.0%–21.0% Additional
Terms & Options
- Promo terms range from 6 to 36 months
- Monthly minimum payments are required during the promo
- Must be paid in full by promo end or all accrued interest is added
Promotional options that encourage faster payoff.
- Dealer Fee Range: + 2.9%–27% Additional
Terms & Options
- Promo terms typically range from 3 to 24 months, depending on lender
- No payments due during the promo period
- Customer must pay the full balance by the promo end to avoid interest
Fixed promotional financing with no interest for the customer.
Fixed 0% interest for the full loan term
- Customer pays 0% interest for the entire loan term
- Monthly payments are required from the start
- 6, 12, 18, 24, 36 Month 0% APRS range from 4% - 16% Dealer Fees
- 60 Months → 10% Dealer Fee (Enterprise Program Only)
Alternative approval paths for customers with limited credit history.
- 36–72 month terms
- Up to $18,000 max (program dependent)
- MDR around 3%
- Certain programs may be limited to specific trades (e.g. HVAC, water treatment)
Financing options for customers who do not own their home.
- Financing available for customers who do not own their home
- Approval based on credit profile and income, not property ownership
- MDR range: 0%–7.99%, based on approval and credit tier
Designed for customers who fall outside traditional credit ranges.
- Designed for customers who fall outside traditional credit ranges
- Revolving line options up to $15,000 and installments with terms up to 72 months
- Higher APR and MDR reflect the credit profile, enabling approvals where other programs may not apply
Dealer Fee Range: + 4%–7% Additional
Terms & Options
- 90-day or 180-day promo periods
- No payments and no interest during the promo
- Interest only starts after the promo ends
Dealer Fee Range: + 2%–4% Additional
Terms & Options
- 90-day or 180-day payment deferral
- No payments during the promo, but interest accrues immediately
- Higher balance when payments begin
Key takeaway:
“You get time before paying, but the loan is growing in the background.”
❖ Implementation made simple
Funding, payouts & cost — made simple
Approved funds are paid directly to your business, so you can move projects forward without cash-flow delays or added complexity.
❖ Direct Funding
When a deal is completed
Approved funds are paid directly to the contractor once the financing process is finalized—no intermediaries, no manual payout steps.
❖ Payout Options
Choose what works best for you
Instant payout options are available for faster access to funds, or you can use standard ACH deposits.
❖ Flexible Funding
Built for real project timelines
Stage funding is available for qualifying projects that require multiple disbursements as work progresses. Restrictions apply.
You’ll get:
- Direct funding to your business
- Instant payout or standard ACH options
- No setup fees, no monthly fees, no subscription costs
Have a quick question before moving forward?
If you’d like to walk through anything, confirm a detail, or ask a few questions first, you can book a short call below.
Ready to onboard?
If you’re ready to move forward, you can begin onboarding now.
The setup form collects basic business and ownership details so we can configure your account and get you ready to submit applications.
You don’t need to have everything perfect — our team will review your information and follow up if anything is missing.
Contact Us
www.Magwitch.com | (800) 970-1158 | Sales@magwitch.io