Skip to content

Home Improvement


house keyring with keys attached

Make your house feel more like home, with a Home Improvement Loan

Whether you're due for a new roof, looking to update your home, or want to spruce up your home to sell, we'll help you build up your home's value. Education First's Home Improvement Loans allow you to borrow at a great interest rate and improve upon something that you have worked so hard for. 

remodeled bathroom with twin sinks

Home Improvement

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

  • Money may be used for home improvements only
  • Low, fixed interest rate
  • Repayment terms of up to 20 years
  • Borrow up to $300,000*
  • No pre-payment penalties
  • Interest may be tax-deductible*
  • Make automatic payments from Education First accounts

* Always consult with your tax advisor on loan interest deductibility 

Apply Now

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.  

Handy Tools at Your Disposal.

Calculate your budget, see and compare the latest rates and discover what perks you gain for being a member of Education First Federal Credit Union.



Calculate the best loan amount that fits your budget.

Learn More >


Check current rates and find out which ones adhere to your loan type.

Learn More >

Mortgage Advisors

Our team of seasoned mortgage experts are here to help you through your new journey

Learn More >

Have Questions? We're Here to Help.

8726212_phone_alt_icon (1)


Learn More

Find A Branch

Learn More


Learn More

Make An Appointment

Learn More