Financing Your Project | iSpec LLC

This page covers one way to finance a project with us: Rate’s Express HELOC, a fixed-rate home-equity loan. Read what Rate offers here, then apply with Rate directly. Other ways to pay are listed on our pricing page.

iSpec LLC is a general contractor, not a lender or a loan broker. We are not paid by Rate for sending you to them. We point you to financing so the project can go ahead.

Nothing about how we bill changes. The deposit and progress-invoice schedule on our pricing page does not change — the loan sits between you and the lender.

01Express HELOC from Rate

$25,000minimum loan
Fixed rate10- to 30-year terms
5–7 daysto funds, from application
No appraisalautomated home value

Rate’s Express HELOC lets you use the equity in your home for improvements. Rate describes it as a fit for homeowners with equity who don’t have the cash on hand for a renovation, don’t want to pull from investments, or would otherwise put the work on a credit card.

Soft credit pull, no harm to your scores.
Approval in minutes; funding in 5–7 days from application, with a quick online closing through an e-notary.
No appraisal required — Rate’s system pulls an automated value for the home.
Minimum loan amount $25,000.
No out-of-pocket costs: the fee, as low as 2% of the loan amount, is rolled into the loan, and so is the $150 e-notary fee.
Fixed interest rate, with terms from 10-year fixed up to 30-year fixed. No pre-payment penalty.

Already have a HELOC? That does not rule you out. Rate can take a 2nd or 3rd lien position, as long as there is equity in the home.

Need less than $25,000? Rate notes you can take the $25,000 minimum and repay the unused funds any time — there is no pre-payment penalty.

How to apply

Apply onlineUse the button below, or scan the code with your phone. The application is Rate’s, not ours.
Approval in minutesThe soft credit pull does not harm your scores.
E-sign with the online notaryThe closing happens online; no appraisal is required.
Funds in 5–7 daysCounted from the day you apply.
We start on the contract scheduleThe deposit and progress invoices run exactly as they would for any other project.

Apply with Rate

Opens Rate’s Express HELOC application in a new tab.

QR code that opens Rate's Express HELOC application — Scan to open the application on your phone.

Your contact at Rate

Rate asked us to refer you straight to Ashley Sattler. Questions about the loan or your application go to her.

Ashley Sattler

VP of Mortgage Lending, Rate · NMLS #1858158

Cell: (614) 580-3279
Email: ashley.sattler@rate.com
Web: rate.com/ashleysattler
Office address: 8740 Orion Place, Suite 230, Columbus, OH 43240

02How Financing Fits Our Billing

Financing does not change the order of things. Every project runs the same way:

Free first callWe talk through the project and tell you honestly whether and how we can help.
$125 written estimateA detailed written estimate. The $125 is credited toward the project when you contract with us; design consultation time is billed as work performed and is not credited.
Contract and depositA deposit is due at signing, sized to the job — special orders, quantity-priced materials and project size decide it.
Progress invoicesIssued weekly as work completes, or on a milestone draw schedule set in the contract.

Where it plugs in

Apply for the Express HELOC once the estimate gives you the number, and before you sign the contract. Rate quotes approval in minutes and funding in 5–7 days from application, so start early enough for the deposit.

Our labor rates, fees and payment terms are on Pricing & Rates. Ready to start? Contact us or book a free call.

03Common Questions

Does checking affect my credit?

No. Rate’s Express HELOC application uses a soft credit pull, with no harm to your scores.

I already have a HELOC — can I still use this?

An existing HELOC does not disqualify you. Rate can take a 2nd or 3rd lien position as long as there is equity in the home. Ashley Sattler can tell you where you stand.

What if I’m not approved?

Talk to Ashley Sattler at Rate about what other options may fit. Your estimate and your contract with us don’t change, and other ways to pay are listed on our pricing page.

Does iSpec make money on this?

No. Rate pays us nothing, and we receive nothing for sending you to them. Our only interest is the project going ahead.

Who do I call with questions?

Loan questions go to the lender: Ashley Sattler at Rate (contact details above). Questions about the project, the estimate or an invoice come to us: call 1-614-725-0489 or use our contact page.

At a glance

Express HELOC from Rate: $25,000 minimum · fixed rate · funds in 5–7 days

Lender disclosures

Guaranteed Rate, Inc. D/B/A Rate, NMLS ID 2611. Ashley Sattler, NMLS #1858158. Equal Housing Lender. For licensing information visit nmlsconsumeraccess.org. OH - MB 804160. Not available in all states. Not all applicants will be approved. Restrictions apply. Compare loan types when making a financial decision.

iSpec LLC is a general contractor. We are not a lender, loan broker or agent of the lender, and we receive no compensation for referrals.

Ready to talk numbers?

Start with the free call. We’ll tell you whether the HELOC fits before you apply.

Back to pricing →