Home Improvement Loans - First Community Credit Union

Home Improvement


Can't find your new home? Create your dream home with the best Home Improvement Loan in Houston! Refresh your kitchen, build your backyard oasis or anything in between.

Create Your Dream Home Today

  • Up to $250,000
  • Up to 90% Future LTV (Loan-to-Value)
  • Up to 20 year financing
  • Rates as low as 4.99%  APR1

Get started today
Get more out of your home improvement loan
Traditional Home Improvement Loan
 
Home value $200,000
Remaining balance of home loan -$150,000
Home Value after remaining balance $50,000
90% of home value eligible to borrow x .90(90%)
Total available to borrow for improvements $45,000
FCCU Home Improvement Loan
  
Home Value $200,000
Improvement Value +$30,000
Home Value with Improvements $230,000
Remaining balance of home loan -$150,000
Home value after remaining balance $80,000
90% of home value eligible to borrow    x .90 (90$%)
Total available to borrow for improvements $72,000
Home improvement Process
1. Talk to a contractor and receive an official bid on a project you’d like to begin
2. Apply for a Home Improvement loan
3. FCCU will review your loan and contractor bid
4. Once approved, FCCU will work with your contractor directly.
5. Enjoy your home improvement project

Use your funds for

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Kitchen Remodel
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Bathroom
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Pool

Make Your Dream Home a Reality.

Now is the time to create your dream home with a Home Improvement loan to enjoy the sanctuary you desire.

1APR = Annual Percentage Rate. Membership with First Community Credit Union (FCCU) must be established and considered “in good standing”. FCCU home loan programs are only available Homestead properties located in Texas. All loans are subject to credit approval and FCCU lending policies. Other restrictions may apply. Loan amount may not exceed $250,000. A sample loan payment for a Future Home Improvement Loan based on $75,000 at 4.99% APR for 15 years = $592.70. Payment example does not include amounts for taxes and insurance premiums, and if applicable, the actual payment obligation will be greater. Rates, terms and conditions are subject to change at any time without notice. Texas homestead properties are limited to 90% of the loan to future market value, less the first mortgage owed. Property insurance is required, including flood insurance where applicable. The approval is subject to application, credit qualification, and income verification; additional evaluation and verification criteria may apply. Consult with a tax advisor regarding the deductibility of interest.

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