logo

Renovation Loan

 

 

Hands together in huddle

 

 


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  • Improve living conditions: Many homeowners find certain elements of their home outdated, while many new homeowners find their newly purchased home not quite up to par with what they need.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.
  
‌


‌‌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

  

 

CHECKING
SAVINGS
LOANS
MORTGAGES
INVESTMENTS
CREDIT CARDS


CONTACT CINFED

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

QUICK LINKS

 

NEWS FROM CINFED

MEMBER REVIEWS

They always go above and beyond at the Oakley branch and truly care about each of their members. And, I absolutely love their kids' membership program. It makes it fun for them to learn about money... 
— Courtney Snow Just closed on a Home Equity line of credit loan, and the process couldn't have been any easier. With this I was able to pay off 2 high interest credit cards and deposited the rest into a checking... 
— Thomas Been a member since I moved to the Queen City in 1978. Cinfed has always provided customer service that other financial institutions only dream about. Thank you for almost forty years of outstanding... 
— Tim Grabenstein I recently became a member here at CINFED and it was the best decision I have ever made. I walked in with tears and despair and left with dry eyes, a smile, and I even received a hug from the branch... 
— Melanie As a long time member, I have always received great service from all CinFed employees. I just wanted to say a special thank you to Dee Dee Day and Dawn Strickland. I had to make some changes to... 
— John-Member since 1990 Earlier this year my much younger sister passed away and with that many obligations were to be met by my husband and myself ..My sister was survived by a daughter and son. We have since then taken on... 
— Vonda How lucky I am to have Liz Frey managing the office I use! I live in Florida but maintain Cinfed as my main banking office. Everytime I need special help a simple email or call to Liz and it is... 
— Debbie G Emily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was... 
— Sarah Amyotte I have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service.... 
— Marian Dudley I have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support . Hope Dee Dee is... 
— Robert Olguin I have been a member at the Roselawn Branch for a long time and I couldn't be more satisfied with the customer service. No matter how often I come in with a question or issue and no matter what... 
— Andreya T Williams I been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent.
— Edward, member since 1985

NOTE: You are leaving Cinfed Credit Union's web site. Cinfed is not responsible for content or security policies of this external, linked web site.