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Renovation Loan

Make Paying For The Project Easy

Apply & Close 100% Online

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

Apply & Close 100% Online
*Disclosures

* Use of a calculator tool is not a guarantee of credit.

Excellent credit required for the lowest rate.

Payment Example: Monthly payments for a $25,000 loan at 6.89% APR with a term of 12 years would result in 144 monthly payments of $255.63.

  • Enjoy the added convenience of making your payments with Direct Deposit.
  • Fixed-rate, simple interest fully amortizing installment loans, no fees, or prepayment penalties.
  • Loan proceeds may not be used to refinance an existing People Driven Credit Union loan.

Whether you’re a first-time homebuyer looking for a mortgage or you’re looking to refinance your 15th home, we’ve got you covered.  People Driven Credit Union is one of the largest credit unions in Metro Detroit.

*APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate. The rate you receive on your loan will be the rate in effect at the time of loan disbursal

People Driven Credit Union is an Equal Housing Lender NMLS #776727

The Federal Reserve  

Monday – Friday: 9 a.m. to 8 p.m. & Saturday: Noon to 4 p.m.

Application Processing

Monday – Friday: 9 a.m. to 5 p.m.

Mailing Address:

24333 Lahser – Southfield, MI 48033

E H L. People Driven Credit Union is an Equal Housing Lender.
All other trademarks are the property of their respective owners.

 

Renovation Loan

A home renovation loan can help you turn a fixer-upper into your dream house, but not without risks

A home renovation loan is a type of loan, that includes the costs of renovating a “fixer-upper.”

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 a number of 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 house.

  • Fixed-rate, simple interest fully amortizing installment loans, no fees, or prepayment penalties.
  • Loan proceeds may not be used to refinance an existing People Driven Credit Union loan.