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Home Renovation Financing

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!

Plus, 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 project, help nail down your budget and assist with vetting contractors.

Our Renovation Loan starts as a line of credit you can borrow against to cover your renovation costs for up to 2 years. After 2 years, it converts to a low fixed-rate loan. 

  • Loan amounts from $20,000 to $250,000
  • 20-year fixed-rate repayment and no pre-payment penalty
  • Borrow up to 95% of the after-renovation value*

With this unique Renovation Loan, you can start creating your someday home today. 

Want to learn more about our renovation financing?

Simply provide your information and we’ll have a concierge team member from our partner RenoFi contact you.

*Your home’s after-renovation loan-to-value ratio, your credit worthiness and your income will determine your maximum loan amount. Subject to credit approval. Not all applicants will qualify for the lowest rate. The amount borrowed for renovation together with any other mortgages cannot exceed 95% 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, manufactured houses and properties located in the state of Texas. Homeowners property insurance is required. Flood insurance may be required.  Fees and charges may apply. Minimum Payment Example: If you made only the minimum monthly payment and took no other credit advances it would take 20 years to pay off a credit advance of $20,000 at an annual percentage rate of 5.49%. During that period, you would make 240 payments of $137.46. Membership eligibility is required.