Renovation Loan




Our Renovation Loan can increase your borrowing power. We'll work with you and help you borrow based on the value of your home after the renovation is complete.  That means you can do your complete project now with one loan - no mortgage refinancing required!

One of the best things? Our Renovation Loan comes with a free concierge service. We’ve partnered with RenoFi, a company dedicated to helping homeowners through the renovation process, to evaluate your entire project, help "nail down" your budget and assist you with screening contractors. 

Our Renovation Loan starts as a Gold Home Equity Line-of-Credit~ that you can borrow against to cover your renovation costs for up to 10 years as a variable rate, interest only loan. After 10 years, you transition into a 15 year repayment period. 

  • Loan amounts from $10,000 to $250,000
  • 15-year  repayment and no pre-payment penalty
  • Borrow up to 90% of the after-renovation value*

With our great Renovation Loan, you can get started on your home today!

Want to learn more about our renovation financing?

Simply fill in the quick form below and we’ll have a concierge team member from our partner RenoFi contact you.

~Rate for the Gold Home Equity Line-of-Credit is based on The Wall Street Journal Prime. Rate adjusted monthly. The Gold Home Equity Line-of-Credit is subject to a floor of 3.50% APR. Variable rate is based on The Wall Street Journal Prime. Rate adjusted monthly. Not all applicants will qualify for the lowest rate. The Smart Choice Home Equity Loan and the HELOC must be secured by the owner-occupied primary residence. Homeowner’s insurance is required. All loans are subject to credit approval.

*The amount borrowed for renovation together with any other mortgages cannot exceed 90% of the after-renovation property value on 1-to-4 family owner-occupied primary properties. Among the ineligible property types are investment properties (defined as non-owner-occupied), co-ops, mobile homes, and manufactured houses. Homeowners property insurance is required. Flood insurance may be required. Fees and charges may apply. Membership eligibility is required.