Renovation Loan



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Renovation Loan



Download our list of documents you'll need.


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  • Improve living conditions: Many homeowners find certain elements of their home outdated, while many new homeowners find their newly purchased home not quite up to par with what they need.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 efficent 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 ulitity 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 that 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 that the changes made appeal to the majority of buyers.

What are my loan options?

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

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  


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.

‌‌View All Rates & Mortgage Options
Take a look at current rates and additional loan options 

Ask one of our home lending specialsts. 


Start gathering the documents you'll need. 




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


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