Home Improvement

First Community Credit Union has partnered with RenoFi for home renovation. We’ve designed RenoFi Loans to make life much easier for homeowners and their general contractors.

Use your funds for

Board of directors, Director,  Robert Schumacher width=
Kitchen Remodel
Board of directors, Director,  Robert Schumacher width=
Bathroom
Board of directors, Director,  Robert Schumacher width=
Pool

Convenient Solutions For Your Home Renovations

  • Borrow up to 90% of the after renovation value of your home
  • No repayment penalty

Start Today

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.

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 +$30,0002
Home Value with Improvements $230,0002
90% of home value eligible to borrow    x .90 (90%)
Existing balance of home loan -$150,000
Total available to borrow for improvements $57,0002
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. 2A sample loan payment for a Future Home Improvement Loan based on $75,000 at 5.99% APR for 5 years = $1,449.61. 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.

We use cookies to give you the best possible online experience. By clicking the I ACCEPT button or continuing to use our website, you are consenting to our Cookie Policies.