Home Improvement Loan
Improve your home today. No equity needed!
Fix it. Build It. Love It.
An unsecured home improvement loan gives you fast, flexible financing to upgrade your home, without using your house as collateral. Whether you’re remodeling a kitchen, replacing a roof, adding outdoor living space, or tackling essential repairs, this loan provides a simple way to get the funds you need. It’s the convenient way to make improvements that increase comfort, style, and value, with less hassle and more peace of mind.
Why Use a Home Improvement Loan?
Enjoy a simple and hassle-free financing experience designed to get you the funds you need quickly. With fast approvals and funding, you won’t have to wait through long review processes to access your funds. Our program also comes with no prepayment penalty, giving you the flexibility to pay off your balance early without extra fees. There’s no equity required, so you don’t have to put your property or assets at risk to qualify. To make things even easier, there’s no appraisal or title work, eliminating time-consuming property evaluations and paperwork. Best of all, there are no closing costs, so you receive the funding you need without unexpected upfront expenses.
| Type of Loan | Term | Variable APR as low as 7, 9 | Fixed APR as low as 7, 9 |
|---|---|---|---|
| Unsecured Home Improvement Loan11 | Up to 180 Months | N/A | 11.49% |
Additional Details
Borrowers must meet several eligibility requirements to qualify. The borrower must be listed on the property deed or have the mortgage in their name. In addition, the mortgage must be in good standing with no delinquencies within the last 24 months, meaning there can be no 30-day late payments during that period. Applicants should also have no open or unpaid collections or charge-offs exceeding $1,000. The property securing the loan must be owner-occupied, and the borrower’s total unsecured exposure with the credit union cannot exceed $50,000. Lastly, the loan proceeds must be used for home improvement purposes, ensuring the funds go toward improving or maintaining the borrower’s primary residence.
- Max loan $40,000
- Fixed Monthly Payment
- Terms Up to 15 years (180 months)
- Borrower must be on the deed or mortgage must be in their name
- Property must be owner-occupied
- Must be used for home improvements
Home Improvement Loan Disclosures
1APR=Annual Percentage Rate. Actual rate may vary based on credit worthiness and down payment, if applicable. All extensions of credit are subject to credit approval and underwriting. Rates shown are lowest offered for the loan products advertised. Applicants that are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. Rate adjustment of +0.50% for terms over 60 months and +0.50% for loan amounts over $25,000. Rates increase based on term and/or loan amount (Maximum rate add-ons are 1.00%) The representative monthly payment based on a 180 month (15 year) term, personal loan at 12.49% Annual Percentage Rate is $12.32 per $1,000 borrowed. The representative monthly payments based on 60 month term, personal loan at 11.49% is $21.98 per $1000 borrowed. Loan terms up to 15 years. Maximum loan amount $40,000 based on credit worthiness. Use of loan proceeds must be documented and used for home improvement on owner-occupied property. Borrower must be on the property deed as title owner. All rates and terms are subject to change without notice. Offer may be withdrawn at any time without notice. Contact a credit union employee for further details. Other terms and conditions may apply. All rates quoted include a 0.50% reduction for members who authorize payment of their HFCU loan through an automatic electronic funds transfer, debited from any account. The maximum APR that may be imposed is 18.00%.