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People Driven Credit Union

Home Renovation Loan

Make Paying For The Project Easy

Apply Online for a Home Renovation Loan
  • Overview

    Transform Your Dream Home with a Home Renovation Loan

    Your dream home awaits, and it can be perfect with a bit of love and attention. If you’ve discovered the ideal home that needs just a few enhancements to match your vision, our Home Renovation Loan is here to make it happen without the hassle of fees or down payments.

    Your home deserves to shine. Whether it’s a fresh coat of paint, updated countertops, new flooring, or crucial repairs like a new roof or furnace, our Renovation Loan provides the funds you need for non-structural improvements.

    Get a quote today and turn your dream home into a reality with People Driven Credit Union!

    No Fees, or Downpayment

    If you’ve found your dream home, but it needs a few small fixes to be perfect, we can help.

    Get a Quote for Your Home Renovation Loan

    Renovation Loan Advantages:

    1. Fast and easy to apply
    2. Loan amounts up to $30,000
    3. Terms up to 84 months*

    It Just Needs One Thing…

    You have a great home in a great location. Although, it just needs one thing to be completely perfect. Whether it needs fresh paint, new counters, the carpet needs to be removed, the cabinets won’t work, or any other cosmetic-type improvements, we can help ensure you have that in your budget!

    What if the furnace or roof leaks?

    A People Driven Credit Union Renovation Loan is for up to $30,000 for non-structural improvements. These improvements include paint, carpet, countertops, cabinets, siding, air conditioning, heating, windows, a new roof, or accessibility enhancements.

    People Driven Credit Union is a full-service credit union with branches and ATMs that are easily accessible around Metro Detroit and Southeast Michigan.

    The Loan Department provided the most informative. Furthermore it was the most professional service I have ever experienced.

    Marleta

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  • Rates

    Fixed Term Home Equity Loan Rates

    Rates Effective as of: 03-12-2026
    Loan-to-Value Max TermTerm Rate (APR*)
    LTV up to 80%Up to 60 MonthsAs low as 6.65%
    LTV up to 80%61-120 MonthsAs low as 7.30%
    LTV up to 80%121-180 MonthsAs low as 8.15%
    LTV up to 80%181-240 MonthsAs low as 8.40%
    LTV >80% to 90%Up to 60 MonthsAs low as 7.15%
    LTV >80% to 90%61-120 MonthsAs low as 7.80%
    LTV >80% to 90%121-180 MonthsAs low as 8.65%
    LTV >80% to 90%181-240 MonthsAs low as 8.90%
    LTV >90% to 100%Up to 60 MonthsAs low as 7.65%
    LTV >90% to 100% 61-120 MonthsAs low as 8.30%
    LTV >90% to 100%121-180 MonthsAs low as 9.15%
    LTV >90% to 100%181-240 MonthsAs low as 9.40%

    For 2nd Homes add 2%
    For Investment Properties add 2.5%

    Rates Effective as of: 03-12-2026
  • FAQs

    Frequently Asked Questions

    Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate advertised. To enroll in AutoPay and receive the discount, please call us at 248-263-4100. A representative will assist you in setting up monthly automatic withdrawals from your PDCU account. Note: The discount is available only for eligible loans with AutoPay set up from a PDCU account. Terms and conditions may apply.
    Yes, enrolling in autopay may qualify you for a rate discount, reducing the overall cost of your loan. Check with our team for current promotional details.

    How do I check my loan application status at People Driven Credit Union?

    You can check your loan application status by contacting People Driven Credit Union or your assigned loan specialist. Many members ask how do I check my loan application status because they want fast updates on their progress.

    How to check the status

    • Call PDCU member or loan support at 248-263-4100.
    • Have your identifying information ready for verification.
    • Ask whether any additional documents are needed to proceed.
    Checking your loan application status at People Driven Credit Union is simple and secure. You receive clear answers quickly. Our team keeps you informed every step of the way.

    Call for Your Status Update

    Pick up the phone and dial 248-263-4100 during business hours. Our loan specialists answer right away. Give them your name, application number, or Social Security number. They pull up your file instantly.

    Prepare for the Call

    Have your driver’s license or member number ready. Note any recent emails or letters from us. This speeds up the process so you get answers faster.

    Common Questions

    How long does a review usually take? Timing varies by loan type and application volume, so contact PDCU for your current status timeline.

    Get Help from Our Team

    Call us at 248-263-4100 during business hours. Our team checks your status right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.

    5 Helpful Hints for Checking Your Loan Application Status

    1. Call early in the day for shorter wait times.
    2. Write down your application number before you call.
    3. Ask for an email summary of your current status.
    4. Check your spam folder for any updates from PDCU.
    5. Contact us at 248-263-4100 if you need to submit more documents.
    People Driven Credit Union keeps you informed about your loan application status. You feel confident knowing exactly where things stand. Our team works hard to move your application forward quickly. Many members receive approval updates within days. Thank you for trusting us with your loan needs. Our team is always ready to help you reach your financial goals.

    How do I skip a payment at People Driven Credit Union?

    People Driven Credit Union may offer skip-a-payment opportunities during eligible periods and for qualifying loans. Many members ask how skipping a payment helps when they need temporary relief.

    How skip-a-payment works

    • Eligibility can depend on loan type and payment history.
    • Program windows and terms may vary during the year.
    • A fee or additional interest impact may apply.
    Skipping a payment at People Driven Credit Union gives you breathing room when money is tight. Eligible members can skip one loan payment per calendar year on most loans. You pay a $35 processing fee per loan. Interest continues to accrue during the skipped month, which may extend your loan term slightly.

    Skip-a-Payment Requirements

    You must be in good standing with all loans current. The $35 fee must be available in your checking or savings account. Most consumer loans qualify. Exclusions include Fresh Start Auto loans, lines of credit, mortgages, commercial loans, credit cards, and several other special loan types.

    To get started, you can either complete the process through the MyPDCU app, via PDCU’s Online Banking portal or by filling out a Authorization Form and submitting it to any of our branches or mailing it to:

    Skip-A-Payment People Driven Credit Union 24333 Lahser Road Southfield, MI 48033

    Common Questions

    How do I know if I qualify? Contact PDCU to confirm current program details, eligibility, and timing.

    Get Help from Our Team

    Call us at 248-263-4100 during business hours. Our team checks your eligibility right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.

    5 Helpful Hints for Skipping a Payment

    1. Call at least one business day before your payment is due.
    2. Have your loan number and member number ready.
    3. Ensure $35 is available in your account for the fee.
    4. Remember interest still accrues during the skipped month.
    5. Contact us at 248-263-4100 to confirm your loan qualifies.
    People Driven Credit Union offers the skip-a-payment option to help members during tough times. You stay in control of your finances with this flexible program. Many members use it successfully once per year. Thank you for banking with us. Our team is always ready to help you manage your loans.
    You can make a loan payment through People Driven Credit Union using online tools, automatic options, or approved payment channels. Many members ask how to make a loan payment because the options are fast and convenient. Ways to make a loan payment
    • Pay through online or mobile banking.
    • Set up recurring automatic payments.
    • Use approved in-branch or phone-supported options when needed.
    Making a loan payment at People Driven Credit Union is simple and secure. You choose the method that fits your schedule. Most payments post the same business day when submitted before cutoff time. Pay Online or in the Mobile App Log into online banking at my.peopledrivencu.org or open the MyPDCU app. Go to Transfers. Select your checking or savings account as the source. Choose your loan as the destination. Enter the amount and submit. Set Up Automatic Loan Payments Enroll in AutoPay from your People Driven checking or savings account. This ensures your payment is made on time every month. AutoPay may also qualify you for a 0.25% rate discount on eligible loans. Call to set it up or do it yourself in online banking. Other Payment Options Call Member Services at 844-700-7328 during business hours. They process payments over the phone. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo to pay in person. 5 Helpful Hints for Making Your Loan Payment
    1. Make payments at least one business day before the due date.
    2. Enroll in AutoPay to never miss a payment and possibly save on interest.
    3. Use the mobile app for payments anytime and anywhere.
    4. Keep your loan number handy when calling or visiting a branch.
    5. Contact us at 248-263-4100 if you need payment arrangements.
    People Driven Credit Union offers flexible ways to make your loan payment. You stay in control of your finances with options that work for you. Many members use AutoPay for peace of mind. Thank you for banking with us. Our team is always ready to help you manage your loans successfully.

    Need help?

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Of course every situation varies, so if you're interested in our Renovation Loan

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Disclosures

*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.

Special Loan Rate Discount: Benefit from a 0.25% reduction when enrolling in our AutoPay service, which is included in the “as low as” rate advertised. The discount is available to those with Direct Deposit of payroll, social security, or retirement and AutoPay setup from a People Driven Credit Union checking or savings account.

Payment example: Monthly payments of $20.00 for each $1,000 borrowed at 6.55% APR for 60 months.

You might consider getting one if you’re interested in buying a home at a lower price point and taking on the costs of fixing it up. Buyers choose to do this for several reasons, including personal pleasure or as a way to gain equity faster than they normally would when buying a move-in-ready house since you’re more in control of establishing the value of your home.