Estimate the renovation budget.
Get a contractor estimate. The savings club is configured for the renovation value.
Home Renovation Savings Clubs
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 structure that does not touch your existing mortgage or your title.
See My Buying PowerWhy 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-$100K with rates that rival auto loans. A savings club configured at the renovation value lets you fund the work without a second-mortgage lien on your title.
- HELOC rates are typically prime + 1-3% — currently 9-12% APR.
- Home-improvement loans cap at $50K-$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 + project draws — operational drag.
How it works for home renovation savings clubs.
Join the club, no second-mortgage lien.
Monthly contributions only. No HELOC. No second mortgage. Your title stays clean.
Receive your voucher.
Use it to pay contractors directly, or to reimburse yourself for already-paid work.
Own the renovation outright.
No floating-rate exposure. No second-mortgage lien. Finite club obligation replaces ongoing debt.
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.
No title lien
No second mortgage. Future sale or refi unaffected.
Trust-protected funds
Contributions in trust at US Bank under JHTC.
The math, side-by-side.
Metric
Traditional financing
Savings.Club
Total cost on $80,000 renovation (10 years)
$120,000 – $135,000
$92,000 – $98,000
Floating-rate exposure
Yes (HELOC)
No
Second-mortgage lien
Yes
No
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.
Common questions.
Does this work for full remodels and additions?
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.
Can I use a voucher to reimburse renovations I already paid for?
Yes — vouchers can fund forward-going work or reimburse the homeowner for completed work, depending on contract structure.
What about contractor draws?
Vouchers can be issued in tranches against project milestones if your contractor requires draw-style payments.
Does this work for income-producing renovations (ADUs, basement apartments)?
Yes. The voucher funds the renovation; rental income from the resulting unit is your equity.
Can I combine this with my existing mortgage?
Yes — there is no interaction with your existing first mortgage. The savings club is a separate contribution stream.
Ready to see your numbers?
Run the calculator or talk to a Savings Expert about your specific situation.