Renovate the home. Skip the HELOC.
Kitchen, bath, roof, addition, full remodel. HELOCs and home-improvement loans run 8-12% APR with variable rates and second-mortgage liens on your title. A savings club replaces them with a flat fee. Savings Club is the lender and the lienholder on the voucher amount until it's repaid, without touching your existing first mortgage.
- Not a second mortgage
- Flat fee
- Trust-protected funds
Why traditional financing falls short here.
Renovation financing is a tax on improving the home you already own. HELOC rates float with prime, second-mortgage liens complicate any future sale or refi, and home-improvement loans top out at $50K to $100K with rates that rival auto loans. A savings club configured at the renovation value lets you fund the work with Savings Club as the lender and the lienholder, not a second mortgage on your title.
- HELOC rates are typically prime + 1-3%, currently 9-12% APR.
- Home-improvement loans cap at $50K to $100K with 8-15% APR.
- Second-mortgage liens complicate future refinancing or sale.
- Variable-rate exposure on HELOCs means your payment can climb mid-project.
- Some lenders require contractor lien waivers and project draws, operational drag.
HOW IT WORKS FOR HOME RENOVATION
Four steps to a renovated home.
- 1
Estimate the renovation budget.
Get a contractor estimate. The savings club is configured for the renovation value.
- 2
Join the club.
Monthly contributions only. No HELOC. Savings Club is the lender and the lienholder on the voucher amount, not a second mortgage.
- 3
Receive your voucher.
Use it to pay contractors directly, or to reimburse yourself for already-paid work.
- 4
Use your voucher.
No floating-rate exposure. Savings Club is the lender and the lienholder until the loan is repaid. Finite club obligation replaces ongoing debt.
A CLEAN TITLE, START TO FINISH
One flat fee, not a second mortgage.
Savings Club is the lender and the lienholder on the renovation loan, separate from your existing first mortgage, so a future sale or refinance of that mortgage is unaffected.
- Any renovation type: kitchen, bath, roof, addition, full remodel, ADU build, by value bracket.
- Pay contractors directly. The voucher redeems with any licensed contractor.
- Contributions in trust at US Bank under JHTC.
WHAT YOU GET
The difference.
Any renovation type
Kitchen, bath, roof, addition, full remodel, ADU build, by value bracket.
No down payment
Monthly contributions only.
Flat fee
No floating HELOC rate. Total cost set on enrollment.
Pay contractors directly
Voucher redeems with any licensed contractor.
Not a second mortgage
Savings Club is the lienholder on the renovation loan. Your first mortgage and its refinance are unaffected.
Trust-protected funds
Contributions in trust at US Bank under JHTC.
THE MATH, SIDE-BY-SIDE
An $80,000 renovation, two ways to pay.
| Traditional financing | Savings.Club | |
|---|---|---|
| Total cost on $80,000 renovation (10 years) | $120,000 to $135,000 | $92,000 to $98,000 |
| Floating-rate exposure | Yes (HELOC) | No |
| Lien on title | Yes (second mortgage) | Yes (Savings Club, until the loan is repaid) |
| Contractor lien-waiver overhead | Often required | No |
| Effect on future refinance | Complicates | None |
Illustrative: $80K renovation, HELOC at 10% over 10 years vs. flat-fee Savings.Club obligation. Actual savings depend on renovation value and current rate environment.
QUESTIONS
Common questions.
Yes. The savings club is configured for the renovation value, not the renovation type. Full remodels, ADUs, additions, kitchen/bath, roofing, and structural work all qualify.
Be first in line.
Join the waitlist and we'll email you the moment this club opens in your state.
Available in TX, FL, MA, and CT.