Offer Something More with the Rocket Loans Financing Program
As a home improvement professional, the last thing you want to focus on is financing.
Fortunately, we have your answer when it comes to simplifying the painstaking and back-and-forth conversations around cost. This summer, we launched the Rocket Loans Financing Program: a partnering program to equip home professionals with easy financing solutions to offer their clients on home building, improvement and renovation needs.
There is no fee to join our program. By joining and partnering with a nationwide brand like Rocket Loans, your clients can go into home improvement conversations knowing their budget and exactly what they want. It also means that home professionals like you can prioritize job execution and surpassing your client’s expectations.
“It’s a big win for both the contractor and the client,” says Steve Peters, vice president of sales for Rocket Loans. “By removing extra financial pains and paperwork, clients can easily make their renovation dreams possible with a built-in repayment plan, completely avoiding tight budgets or high credit card interest rates.”
How it Works
Today, there is a lot of opportunity in the home improvement space when it comes to helping home owners. In 2018, the U.S. market value for home improvements reached a record high of 30 billion U.S. dollars, with ongoing growth expected in 2020.
Offering more home improvement financing alternatives (with repayment plans already included) could help you win more jobs, keep projects on time, and set your client experience apart from your competitors. And we send payments directly to you with a simple draw process.
“Whether you offer financing before, mid-project or after, it turns into a fast process with Rocket Loans Financing that can happen in as little as 10 to 15 minutes,” says Peters. “It helps clarify project expectations because both the cost and repayment timeline is upfront and transparent for everyone involved.”
Our Application Process
Nobody likes a lengthy process, so we designed our financing program application around three easy steps. Here’s how it works:
1. Complete the Online Application
Start by applying online. Our entire application process is quick, clear and offers support along the way. After you fill everything out and submit your online application, it normally takes 24 hours for us to verify and approve each home professional application.
2. Walk Though Partner Training
After application approval, each home professional is required to complete Contractor Program Training. This training includes information and a quiz that helps you understand how to properly use our product, explain financing to prospective clients, and shares the legal “dos and don’ts” of offering financing.
3. Offer More Ways to Pay
Congratulations! Now that you’re properly equipped with the right information, you can officially start using the Rocket Loans Financing Program and offer your clients more ways to pay.
If you have any follow-up questions or program considerations along the way, our team of experts are available to help and share resources to work financing into your business and marketing plan. This also includes connecting with our team during the first few weeks for a “discovery call.”
During a discovery call, we check in to hear how things are going with the Rocket Loans Financing Program and ask how we can personalize our program to best serve the needs of your business.
Does Our Program Make Sense for Your Business?
You should consider applying for Rocket Loans Financing Program if you are a home improvement professional looking to:
1. Build Finance Confidence
Financing can feel frustrating to everyone. And let’s face it, you’re hired for your savvy home improvement skils, and not necessarility for your expertise in financing. But that’s where we come in!
Don’t sweat when talking finances. As a trusted and nationwide brand, we know what we’re talking about and can guide you along the way. Our financial experts will advise you on how to market your partnership and offer client financing in a way that can help grow your business. Not to mention, when you join our program, our coaching, online resources and marketing templates are easily accessible.
2. Share Your Best Work
Don’t sacrifice good work for price. Instead, put your best foot forward! Client financing helps you make the most of your client’s project and have the flexibility to combine multiple projects into one.
3. Prioritize Client Experience
Use our expertise to put your clients first. Cost is one of the most stressful parts of any major project. Our financing takes away the pain of pricing by letting clients estimate their budgets, options and repayment plans.
Not to mention, a contractor who is known for setting up their clients for successful home projects will leave clients with a better impression of the professional who worked on their home.
“You’re not only being judged on your work, but also whether you made the client process easy,” says Peters. “Taking care of emotional burdens, like the financial components, is how you know when you’ve gone above and beyond. And that’s what we’re trying to do. Helping you bring out your best by simply offering so much more.”
With no fee to enroll or cancel, what are you waiting for? Apply to become a financing partner today. That way, we can stop leaving client dreams unfinished and solve their financing concerns together.
*Any contractor that participates in the financing program facilitated by Rocket Loans can do so only after extensive onboarding and due diligence, and that relationship can be cancelled at any time for any reason or no reason at all by Rocket Loans. Note that a contractor approved to work with Rocket Loans and offer financing through this program is only doing so as an independent contractor and has no agency relationship with Rocket Loans or any of its partners and may not make representations on behalf of Rocket Loans or bind Rocket Loans in any way. Referrals are subject to any contract with Rocket Loans.
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