Deck Financing

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Deck Financing Options

How to Finance a New Deck or Patio

We all want that perfect outside space where we can enjoy time in the sun with good friends and family but getting that ideal area can be expensive. A deck can provide you with the space you need to entertain or just spend some quiet time outside, but the high cost can be difficult to cover without financial aid. Deck financing can provide you with the funding you need to cover materials, installation, and labor costs without having to clear out your savings.

Applying for a deck or patio loan is fast and easy:

Fill out a simple and fast online application in just minutes

Compare best personalized rates and choose your loan offer

Borrow up to $100,000 as fast as next business day

Absolutely no negative impact on your credit score, ever.

How Pasha Funding Works

How it Works
Apply in minutes

Get pre-qualified in less than 2 minutes and compare offers from top lenders with no impact on your credit score.

Choose your offer

Compare and choose an offer that works best for you based on your timeline and budget needs.

Get funded

After your loan is approved with the lender of your choice, receive your funds as fast as 1-2 business days.

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Can you finance a deck?

If you are looking to cover the high costs of a deck but don’t want to wait to save up, there are financing options available that will give you the funding you need. We will look at the different options a little later.

Best lenders for deck or patio financing


Axos Bank


Funding: Borrow $5,000 - $50,000
Minimum Credit Score: 700
APR: 7.15 - 17.99%
Loan term: 3 - 6 years
Funding turnaround: within 1-3 business days

AXOS Bank offers loans up to $50k and great refinancing options on existing loans. Best for borrowers with higher credit scores..

OneMain Financial

OneMain Financial

OneMain Financial

Funding: Borrow $2,000 - $36,500
Minimum Credit Score: no minimum requirement
APR: 18.00 - 35.99%
Loan term: 2 - 5 years
Funding turnaround: 24 - 48 hours

With OneMain Financial, borrowers can obtain a personal loan of up to $20K without a minimum required credit score. Origination fees do apply and the lender offers bonus financial education tools and calculators.


Lightstream Personal Loans


Funding: Borrow $5,000 - $100,000
Minimum Credit Score: 660
APR: 2.49% - 19.99%
Loan term: 2 - 7 years
Funding turnaround: as soon as same business day

LightStream offers up to $100k personal loans as soon as same business day without origination fees and easy to use mobile app.

What is the best way to finance a deck?

The best ways to finance a deck include:

  • Savings: You should always consider using savings as your first option because it will save you money on interest and other costs associated with borrowing. Even if you can only cover some of the cost with savings, it will make your new deck much more affordable, minimizing the risks of debt.
  • Personal Loan: If you don’t have enough savings, or don’t want to wait, one of the most popular ways to finance a deck is with a personal loan. A lender can provide you with a lump sum, often within one week, which you are then required to pay back in weekly or monthly installments, over a fixed term, with added interest. The amount you will get, as well as the interest rate offered, will depend largely on your creditworthiness.
  • Credit Card: It is unwise to use a credit card to cover large expenses as their high interest rates make them particularly expensive. That said, if you are able to get a 0% APR introductory period, or qualify for an interest rate lower than 6%, this may still be a viable option to finance your deck.
  • Financing through builder: You may have the option of financing a deck through your builder, although this won’t be available for all. Builders and contractors may offer 12- or 18-month financing through a third-party lender or credit union for costs of $10,000 and above, often with desirable rates. If your deck builder offers financing, make sure to do your research to ensure you can’t get a better deal elsewhere.
  • HELOC: A Home Equity Line of Credit provides you with financing that you can use as and when you need to, only paying interest on the amount you use. With higher borrowing amounts and low interest rates, this is a great option for large purchases, but be aware that this type of financing puts your home at risk as it is used to secure the loan.
  • Home Equity Loan: A home equity loan, often known as a second mortgage, works in a similar way to a personal loan. However, be clear that, like a HELOC, your home is put up as collateral so, if you default on loan repayments, you may forfeit your home to cover the amount owed.

Can you finance a Trex deck?

A Trex deck is a type of composite decking - a blend of wood fibers and plastic that helps to make the deck easier to maintain than a wood deck and is more stable than a fully plastic deck.

You can finance a Trex deck in the same way you can finance any other deck, so any of the options we’ll discuss here will apply to you.

Do deck companies offer financing?

Some deck companies will offer financing through a partner lender. If you are provided with this option, you should make sure to compare with outside lenders to ensure you can’t get a better deal elsewhere.

Need help finding the right loan?

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What are the pros and cons of deck financing?


  • usually a good investment for your home
  • can leave your savings intact


  • decks need replacing often if not looked after
  • you may not see a good return on investment if your financing has terms over 5 years due to the way most decks age (you can talk to your contractor about long-lasting options to minimize this risk)

How long do decks last?

If your deck is made from untreated wood it can last anywhere from 10 to 15 years, whereas a deck made from treated wood or a composite deck will last between 25 and 30 years. Some composite decks may even last as long as 50 years if they are meticulously installed and maintained.

How much does it cost to get a deck installed?

The cost of a deck ranges anywhere from $4,000 to $12,000, with a national average of $6,000, including both material costs and labor costs. This works out to around $30 to $60 per square foot.

The cost of your deck will depend on the size, design, shape, and type of material you choose, as well as your location and contractor.

How much does it cost to build your own deck?

You can expect it to cost you around 65% of what you would pay if you were to have a deck installed by a professional. (For example, if a deck costs $10,000 with a contractor, you may be able to DIY the deck for $6,500.)

You will find that a contractor will be able to find the materials at a lower cost, and they will be able to complete the project in a shorter time, so you will likely only be saving on labor costs.

Will a deck increase my home’s value?

One of the benefits of adding a deck is that it helps to increase your home’s value. In fact, according to the 2021 Remodeling Cost vs Value Report, a deck addition increased home value by 63.2% to 65.8%. It is worth noting that this added value will depend on how well you maintain your deck - a deteriorating deck will be seen as a liability, not an asset.

What credit score do I need to qualify for deck financing?

To qualify for deck financing, you should be looking to have a credit score of at least 600, although a score of 660 or above will help you to qualify for the best and most affordable financing options.

Best Lenders for Deck Financing

Some of the best lenders that offer deck financing are:

  • Avant
  • Axos
  • LendingClub
  • LightStream
  • OneMain Financial
  • Prosper
  • Universal Credit
  • Upstart

 To find out which lender can give you the best rate for deck financing, check out our comparison tables.

Compare and Apply

If you don’t want to save up to improve your outside space with a deck, now is the time to start looking at financing. It will be helpful to get a few quotes from contractors to see how much financing you are going to need, so you can make sure that you are only borrowing as much as you need.

Once you know what loan amount you need, you can decide which financing option is right for you and compare rates. We have made it easy for you to compare rates of different lenders and apply to receive the funding you need to get your deck project started as soon as possible.

Need help finding the right loan?

No worries, we've got you covered! Compare personalized loan options in just minutes without impact on your credit score.

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