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Renovation Loan

 

 

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Renovation Loan

 

 


DOCUMENT CHECKLIST
Download our list of documents you'll need.


SEND US A MESSAGE
mortgageoriginating@cinfed.com


SPEAK WITH A SPECIALIST
Call us at (513) 333-6337.
  

Should I renovate my home?
Renovating your current home, or purchasing a home you would like to make some changes to, are both exciting projects. It is important to evaluate your options before choosing to renovate. Here are some common reasons why renovating your home would be a good investment. 

  • Improve living conditions: Many homeowners find certain elements of their home outdated, while many new homeowners find their newly purchased home not quite up to par with what they need. Renovation projects like room expansion and basement finishing are popular options for growing families who may not want to relocate and are happy with other elements of their current home. 

  • Upgrade: Making energy efficient improvements like appliance upgrades, installing new windows, or replacing insulation not only increases your home's value, but could also reduce the money you spend on utility payments. Although the initial cost of this project may seem high, the cost reduction could contribute to greater savings over time. 

  • Increase resale value: Homeowners who plan to move from their current home within the next few years often complete small scale renovation projects to increase the market price of their home. It is important to ensure the cost of the project does not exceed the estimated value of the renovation --- and the changes that have been made appeal to the majority of buyers.
     

 Every homeowner has a unique situation - we are here to help you determine the best option for this stage in your journey. Send us a message so we can help get you started.

What are my loan options?

Every homeowner has a unique situation. Here are two common loan types used for renovations:

HELOC
Use your property as collateral to make renovations (under $30,000) without applying for a new mortgage.

Choose if you plan to:

  • Make repairs
  • Upgrade your home
  • Pay down debt
  • Purchase another property

Learn More  

 

RENOVATION LOAN
Choose if you plan to make changes to your current or new home, exceeding $30,000:

  • Upgrade your home
  • Make changes to newly purchased home
  • Purchase another property‌ 

Learn More  

 


‌‌Apply Now
Ready to begin your new journey? Let's get started. 
  
‌

 

 
Download Sample Documents
Review the documents you'll need throughout the process.
  
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‌‌View All Rates & Mortgage Options
Take a look at current rates and additional loan options 
  
 

QUESTIONS?
Ask one of our home lending specialsts. 
SEND US A MESSAGE

  

GET PREQUALIFIED. 
Start gathering the documents you'll need. 
DOWNLOAD OUR DOCUMENT CHECKLIST

  

 

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Cinfed Credit Union
4801 Kennedy Avenue
Cincinnati, OH 45209
(513) 333-3800
Routing #242076656

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