How to Finance a Garage: The Complete Guide
A quality Amish-built garage is an investment that lasts for decades — but that doesn't mean you have to pay for it all at once. This guide walks through every financing path available to Storage Sheds and Garages customers, so you can pick the one that fits your budget. Get your garage now, pay later.
Option 1: Consumer Financing — Upgrade (Most Popular)
Our primary lending partner offers fixed-rate loans built for structures like garages and sheds. Highlights:
- Up to $100,000 per borrower — enough for even a 2-story double-wide Mega garage
- Fixed 9.99% APR on 5, 7, 10, 12, and 15-year terms
- No land ownership required — renters and business-owned properties qualify
- No down payment, no closing costs, no fees, no prepayment penalty
- Soft credit pull to see your offers — your credit is only impacted when you accept an offer and eSign
- Same-day approvals available — proof of income may not be required
Who it's for: borrowers with a FICO score of 680 or higher who want predictable payments and the lowest hassle.
Option 2: Building Loan — Thrive Financial (Coming Soon)
If the garage is going on property you own (lot numbers and parcel IDs accepted), Thrive Financial's building loan program offers fixed terms of 5, 10, 15, or 20 years with instant, paperless decisions — and credit scores from 550 can qualify. Rates are based on your credit tier, starting at 7.99% APR with autopay enrollment. Thrive pays Storage Sheds and Garages directly, so funding is quick and seamless. This program is coming soon — ask your sales rep for the latest.
Option 3: Home Equity — Figure Lending
If you own your home, a home equity line of credit through Figure Lending can offer lower rates by using your home equity — up to $750,000, minimum 600 FICO, 100% online, with funding in as few as 5 to 10 days.
Side-by-Side Comparison
| Option | Max Amount | Credit Needed | Best For |
|---|---|---|---|
| Consumer Financing (Upgrade) | $100,000/borrower | 680+ FICO | Most buyers — fast, predictable |
| Building Loan (Thrive Financial — coming soon) | Up to $200,000 | 550+ FICO | Garages on property you own; terms to 20 yrs |
| Home Equity (Figure Lending) | Up to $750,000 | 600+ FICO | Homeowners financing large projects |
How to Get Started
- Step 1: Use the eligibility check on garage-lender.com — about 30 seconds, no credit impact
- Step 2: Review the programs you match with and estimated payments
- Step 3: Apply online with the lender — soft pull only to see offers
- Step 4: Accept your offer, eSign, and start your Storage Sheds and Garages project — we handle the permits, and on-site assembly is included