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Overview
Renovation Loan Advantages:
- Fast and easy to apply
- Loan amounts up to $30,000
- Terms up to 84 months*
No Fees, or Downpayment
If you’ve found your dream home, but it needs a few small fixes to be perfect, we can help.
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 non-structural improvements, up to $30,000. These types of improvements include things like paint, carpet, countertops, cabinets, siding, air conditioning, heating, windows, a new roof, or accessibility enhancements.
The Loan Department provided the most informative. Furthermore it was the most professional service I have ever experienced.
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Mortgage Refinance
Why not bundle all your debt into a low-interest rate and improve monthly cash flow.
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FHA Mortgage Options
A FHA loan can be the easiest type of mortgage loans to qualify for. FHA requires a low down payment and you can have less than perfect credit.
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Special Care for 1st time home buyers
Are you a first time home buyer and are looking for personal attention? We love helping people to become new homeowners.
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Rates
Home Equity Closed End Loans
Rates Effective as of: 10-04-2023Other Info Max Term Term Rate (APR) LTV Up to 80% Up to 60 Months As low as 7.29% LTV Up to 80% 61-120 Months As low as 7.70% LTV Up to 80% 121-180 Months As low as 8.00% LTV 81% to 90% Up to 60 Months As low as 7.79% LTV 81% to 90% 61-120 Months As low as 8.29% LTV 81% to 90% 121-180 Months As low as 8.79% Rates Effective as of: 10-04-2023 -
FAQs
Frequently Asked Questions
- Conventional Products
- Freddie Mac Fixed Rate
- Fannie Mae Fixed Rate
- Adjustable-Rate Mortgages
- Home Possible (Freddie Mac)
- Home Ready (Fannie Mae)
- Construction
- Super Conforming
- FHA
- VA
- RD/USDA
- Copy of your driver’s license
- Last 2 years W2’s
- Most recent 30 days span of paystubs
- Last 2 years Federal Tax Returns
- Most recent two months bank statements, all pages
- Contact information for homeowner’s insurance agent
People Driven Credit Union wants to be your mortgage lender! We partner with Member First Mortgage to provide you with a wide range of mortgage services. Whether you are buying your first home, building your dream home, moving up, or scaling down, Member First Mortgage has many programs to fit your needs. Apply for your mortgage today by clicking the link or calling (866) 898-1818.
Ready to start?
Of course every situation varies, so if you're interested in our Renovation Loan
Apply & Close 100% OnlineDisclosures
*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 and 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.
