LightStream Home Improvement Loans

LightStream is the online lending division of Truist Bank, offering unsecured personal loans for a variety of purposes including home improvement. Because LightStream loans are unsecured, your home is not used as collateral, which means there is no foreclosure risk on the loan itself.

LightStream is known for offering low rates to highly qualified borrowers with strong credit, stable income, and a solid financial history. Rates are fixed, meaning the rate and monthly payment stay the same for the life of the loan. Loan terms typically range from two to twelve years depending on the loan purpose, with home improvement loans potentially eligible for longer terms.

LightStream does not charge origination fees, which is worth noting because many personal lenders charge upfront fees that effectively increase the cost of borrowing. This means the amount you borrow is the amount you receive.

The application process is fully online. Approval and funding can happen quickly for well-qualified applicants. LightStream also offers a rate beat program, in which it may match or beat a competing lender's rate under certain conditions. The terms of this program should be verified directly with LightStream.

Because LightStream targets borrowers with excellent credit, applicants with lower credit scores may not qualify or may not receive competitive rates. For those borrowers, other lenders may be a more realistic option.

Before accepting a LightStream home improvement loan, compare the annual percentage rate and total repayment cost against other personal loan options from banks, credit unions, and online lenders. For homeowners with equity available, a home equity loan or HELOC may offer a lower rate, though it comes with the risk that your home serves as collateral.