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首页 Improvement Loan

The loan you need to put your home-improvement plans into action.

Apply for an 无担保 Loan Apply for a Secured Loan

或打电话 1-800-561-9433

首页 Improvement Loan 感兴趣 率  4月  点  每月 付款 贷款期限 (个月)
无担保 9.34% 9.34% $523.18 60
Secured 10 Year Fixed 9.09% 9.28% 0.000 $636.00 120
Secured 15 Year Fixed 9.84% 9.98% 0.000 $532.00 180

无担保 Fixed 率 首页 Improvement Loan: Annual Percentage 率 (4月) effective as of June 1, 2024, and subject to change without notice. Each individual's 4月 is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. 4月 calculation and example monthly payments based on loan amount of $25,000, FICO® score of 730 or greater, and term of 60 months. 费率包括0.25% reduction for automated payments. Additional conditions may apply. Subject to credit approval. Maximum Loan Amount of $25,000.

Secured 首页 Improvement Closed-End Loan: Annual Percentage 率 (4月) effective as of June 1, 2024, and subject to change without notice. Combined Loan to Value 101% to 133%. Maximum Loan Amount of $250,000. 4月s above are calculated using loan amounts of $50,000, credit score of 710 or greater and loan to value of greater than 100% for a single-family residence. 关闭成本: A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. The actual closing costs generally range between $500 to $1,200, depending on the location of the property, the amount of the loan and other factors. Example 每月 支付: Are figured on loan amounts of $50,000 and do not include hazard insurance, 房产税, or flood insurance. Your actual payment may be higher. Each individual's 4月 is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Tax Deductibility: 元素 Financial does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.

首页 Improvement Loan

You name the project, we’ll provide the secured or unsecured loan.

关键特性

  • Must be used for a home improvement project
  • A good option if you don’t have sufficient equity in your home
  • Available as a secured or unsecured loan
  • 固定利率
  • 感兴趣 rate can be slightly higher than home equity options

计算 How Much You Can Borrow

安全与. 无担保贷款

担保贷款: 
  • Borrow money by pledging an asset (your home) as collateral
  • Access to up to $250,000 (up to 133% of the current value of your home)
  • 10-year or 15-year fixed rate
无担保贷款: 
  • Borrow money without using collateral
  • Access to up to $25,000
  • Fixed-rate, terms vary

Compare 房屋净值 Options

What’s the difference between a Secured and an 无担保 首页 Improvement Loan?

Both provide you with cash for a home improvement project and can be a good option if you don’t have sufficient equity in your home to qualify for a home equity option. The key difference is a secured loan is guaranteed by collateral (your home), and an unsecured loan is not protected by any collateral.

Secured 首页 Improvement Loan

A secured home improvement loan is connected to a piece of collateral—in this case, your home. With a secured loan, you can borrow larger sums of money, up to 133% of the current value of your home (not to exceed $250,000). Secured loans also typically have lower interest rates than unsecured loans and can be easier to get if you need to rebuild your credit. If you do not repay the loan as agreed, the lender can take possession of the collateral. 

无担保 首页 Improvement Loan

An unsecured home improvement loan is not tied to collateral. It may be a good option if you have a high credit rating. If you qualify, you may borrow up to $25,000.

Use the chart below to determine which is better for your needs. 一如既往地, your support team at 元素 is ready to help you find the product that is best for you—just give us a call at 1-317-542-5055.

  首页 Improvement Loan - 无担保 首页 Improvement Loan - Secured
它是什么 Borrow money without using collateral Borrow money by pledging an asset (your home) as collateral
关键好处

Easy access to funds

Can be easier to get if you need to rebuild credit

Access to larger funds

A Good Option If You

Need funds specifically for a home improvement project

Have a high credit rating

You need funds specifically for a home improvement project

Have lower equity in your home

可以用来做什么?

首页 improvements

首页 improvements

4月

Fixed rate, terms vary: 9.34%

10 Year Fixed: 9.28%

15 Year Fixed: 9.98%

关闭成本 $140 processing fee Typically between $500 to $1,200
No Prepayment Penalties
无年费
Available Amounts 最高25,000元 Up to $250,000 (up to 133% of current value of your home)

What can I use the loan for?

A man doing some deck improvements

As its name implies, a home improvement loan must be used for projects related to your home. 例如, have you been wanting to add on a deck, update your kitchen, replace your fence, or put in a fireplace? These are the types of projects you could use a home improvement loan for.

开始

What are the fees?

An older couple doing some painting in their house

  • There are no prepayment penalties or an annual fee associated with a home improvement loan. 
  • The unsecured home improvement loan has a $140 processing fee. 
  • For a secured home improvement loan, closing fees typically run between $500 and $1,200.

Why should I go to 元素 for my 首页 Improvement Loan?

A couple planning home improvements with blueprints

Like a Bank, Only Better!

更好的利率. 更少的费用.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

可信的建议. 新鲜的方法.

We pride ourselves in being a trusted source for financial education. We come to your workplace to answer questions and can provide you with personalized guidance about your home improvement loan.

Respected Locally. Accessed Globally.

Headquartered in 印第安纳波利斯 since 1930, we rank among the top 3% of credit unions nationally1. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

高科技. 人类接触.

Our technology makes banking with 元素 easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

开始

我如何申请?

Screenshot of 元素 online application

3 Easy Steps to Apply

  1. 在线申请 - You can apply online in as little as 10 minutes! Submit your application anytime or call 1-800-561-9433 开始吧. Have ready your government-issued ID (driver’s license, 状态标识, or passport) and estimates of your household income, 资产, home value and price you paid for your home.
  2. 接我们的电话 We'll contact you within one business day after you submit your application to go over what documentation we'll need and to answer your questions.
  3. Schedule your closing - We'll contact you with a decision within 10 business days and schedule a closing at a location convenient to you if approved. 就是这样—— your loan can be put to work on your home improvement project!

马上申请

How Much Can I Borrow From My 房屋净值?

房屋净值 Calculator

结果

in a home equity loan or line of credit
  1. 1 Based on asset size as of 12/31/2022.
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