Home Improvement Loans | Texas Credit Union

Home Improvement

With Education First's Home Improvement Loans, boost your home's market value, create your dream kitchen, add an extra bedroom, or put a new roof over your head.

Upgrade Your Space: Funds can be used exclusively for home improvements—invest in the value and comfort of your home.
Budget-Friendly Borrowing: Enjoy a low, fixed interest rate
Flexible Repayment: Choose terms of up to 20 years
Borrow with Confidence: Access up to $300,000 to bring your renovation plans to life.
Pay Off Early, Worry-Free: No pre-payment penalties—ever.
Potential Tax Perks: Interest may be tax-deductible—check with your tax advisor.*

Apply Now

Home Improvement Loan Rates

* APR = Annual Percentage Rate. APR shown is the lowest available rate. Rates depend on individual creditworthiness and are subject to change without notice.
Terms	Rate
60 Months	5.800%
120 Months	5.925%
180 Months	6.250%
240 Months	6.375%

Home Improvement FAQs

Home improvement loans are dispersed in allotments to the general contractor, with the final amount released only when work is complete and the member is satisfied. Two full appraisals are required - one prior to work beginning, and one after completion.

All rates and terms are subject to change without notice. Loan rates are subject to credit approval and based on individual creditworthiness, amount financed, and loan term. Your Annual Percentage Rate (APR) will be determined by factors, such as credit score, debt-to-income ratio (DTI), and other qualifications. View our home improvement rates here.

A construction loan is used to fund the expenses of building a new construction home. If you are looking to improve your existing home, a home improvement loan would be the best option.

A home equity loan is using the equity in your home for anything that you would like. A home improvement loan is borrowing money and only using those funds to improve your property.

The property must be the borrower's primary residence and occupied by the borrower. Other requirements are homestead exemption, homeowner's insurance including windstorm, and construction cannot already be started on the residence.

There are two major advantages to a home improvement loan over a personal loan. Home improvement loans typically have longer terms than personal loans and usually have a lower interest rate than those of personal loans.

Home Improvement loans with Education First have repayment terms of up to 20 years.

Borrowers can receive 90% appraisal value minus any existing liens. Closing costs are paid out of pocket.