Home Improvement Loans
Convenient Solutions for Your Home Renovations
Ideal Credit Union has partnered with RenoFi to provide members an option to get the most money and lowest monthly payment for your home renovation. We’ve designed RenoFi Loans in a way that makes life much easier for homeowners and their general contractors. Once approved, homeowners receive 100% of cash up front. No draws, no inspections.
- Choose between HELOC and Fixed Rate Home Equity Loan options
- Borrow up to 90% of the after renovation value of your home
- Fixed-rate home equity loan terms up to 15 years1
- Home equity line of credit option offers a 10-year draw and up to 15-year repayment period2
- No repayment penalty
Find out how much you can borrow!
No Equity Home Improvement Loan*
Our No Equity Home Improvement Loan is perfect for homeowners who need quick funds for renovations or new appliances but don't have equity in their home to work with. This can cover many expenses such as a new driveway, bathroom or deck, as well as smaller projects like new flooring or paint. You can even use this loan to finance new appliances!
- Unsecured loan
- 9.99% APR* fixed rate
- $25,000 maximum loan amount
- Terms up to 5 years
- 680 Minimum credit score required