Best Home Renovation Loan Companies in Rome
- Businesses listed
- 1 +4 nearby
- What customers praise
- incredibly helpful×2
- Also serving Rome
- Utica4 · 20 km
Rome Federal Credit Union
With over 90 years of service, Rome Federal Credit Union focuses on member empowerment and community support. It offers a variety of financial services, including home loans and flexible terms, with personalized assistance from a team known for their friendliness. Some customers note occasional frustrations, but many appreciate the respectful and helpful approach.
Homestead Funding Corp: Patrick McKenney | NMLS# 463228
With over 20 years of mortgage experience, Homestead Funding Corp offers personalized renovation loans and other home financing options. The team is known for clear communication and responsiveness, guiding clients smoothly from pre-qualification to closing. Customers appreciate their hands-on approach and timely updates throughout the process.
Bank of Utica
Known for its local decision-making and community focus, Bank of Utica offers a range of personal and business banking services including loans and online banking. Customers appreciate the friendly staff and the bank’s support of local programs, though some note delays in modern service features like debit card issuance and mobile banking enrollment.
The HomeOwnershipCenter
Focused on community revitalization, the HomeOwnershipCenter offers homebuyer education, financial coaching, and home repair grants to support sustainable neighborhood growth. Clients appreciate the detailed classes and knowledgeable team, though some note challenges with communication and grant availability during the process.
Homestead Funding Corp. – Utica
Known for its personalized approach and transparent communication, Homestead Funding Corp. offers a variety of mortgage solutions including renovation loans, refinancing, and purchase financing. Clients appreciate the team’s thorough guidance and responsiveness throughout the process, though some note the high demand can occasionally affect immediate availability.
Rome Home Improvement Loan Statistics
Home-improvement lending in Oneida County and home costs in Rome, NY (latest HMDA and Census data)Lenders made 760 home-improvement loans in Oneida County in 2025 (average about $82,000) and denied 286 — 27% of decided applications, compared with 39% across New York, according to federal mortgage data (HMDA, CFPB). The typical home in Rome was built in 1955 and is worth $154,400 (Census ACS 2020–2024).
- Home-improvement loans, 2025
- 760▲ 3%736 in 2024
- Denial rate
- 27%NY 39%
- Median year homes built
- 1955NY 1959
- Median home value
- $154,400NY $423,800
- Home-purchase loans made (Oneida County, 2025)
- 1,781
- Refinance loans made (2025)
- 797
- Average home-improvement loan
- $82,000 (NY $174,000)
- Owners with a mortgage
- 51% · 22% of them spend 30%+ of income on housing
- Median household income
- $59,925 (NY $85,974)
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Oneida County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
| # | Business | Rating | Reviews | Starting price | Phone | Website |
|---|---|---|---|---|---|---|
| 1 | Rome Federal Credit Union | 4.6 | 10 | — | (315) 339-1658 | Visit |
| 2 | Homestead Funding Corp: Patrick McKenney | NMLS# 463228 | 5.0 | 80 | Quoted per loan | (315) 525-5428 | Visit |
| 3 | Bank of Utica | 4.1 | 31 | $5 | (315) 797-2700 | Visit |
| 4 | The HomeOwnershipCenter | 4.1 | 22 | Quoted per loan | (315) 724-4197 | Visit |
| 5 | Homestead Funding Corp. – Utica | 5.0 | 5 | — | (315) 790-5000 | Visit |
Frequently asked questions
9 questionsHow do I choose the best home renovation loan company in Rome?
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General information, not financial advice — consult a qualified professional.
Our Methodology
Best 10 renovation loans list assembly and recognition by TrustAnalytica for Rome is based on online reputation backed by review sources as google reviews, TrustAnalytica reviews and more.
We choose the best companies in the location and rank them based on rating, quantity of reviews and verification (Claimed or unclaimed profile).
Rankings are frequently updated to reflect the latest reviews from trusted sources.
Profile verification is free and may improve ranking, as we prioritize accurate, up-to-date profiles that are actively maintained and regularly reviewed.
TrustAnalytica's procedure for listing renovation loans companies involves manual research, review and placement. Please note that some companies are placed here through their registration with our services as every company gets not only access to our Saas services but also a profile that gets listed. We evaluate businesses based on their online reputation, accessibility, online resources such as website and their fit for best 10 renovation loans category.
The Process
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Business Details
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