Cover the cost of your home projects with a Home Improvement (Home Equity) Loan from First Nebraska!
What can I use a Home Improvement Loan for?
A Home Improvement Loan helps you pay for big projects you have for your home.
Here are some examples of how you can use your Home Improvement Loan:
- New roof
- Addition to your house
- Deck, Fence, or Landscaping
- Build new garage
- Remodel kitchen or basement
Funds for your project
Home Improvement (Home Equity) Loan amounts from $25,000 to $75,000 with 90% Loan to Value (LTV). Proof of home improvement, such as a bid or quote, will be required before funds are disbursed.
Tap into your home’s equity to make improvements!
* Rates subject to credit and amount of equity in your home. The Home Improvement Home Equity Loan is available for primary residences located in Nebraska or Pottawattamie County, in Iowa. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. Minimum loan amount of $25,000 and maximum loan amount of $75,000 (85.01% LTV – 90.00% LTV). Proof of home improvement, such as a bid or quote, will be required before funds are disbursed. Other restrictions may apply. All loans subject to approval. The actual amount of your loan will be determined by the amount of equity in collateral. Applicants are responsible for cost of appraisal, if required. The closing costs depend on the location of the property and the amount of the equity loan. For loans up to $75,000, closing costs typically range between $225 and $1,000. Property Insurance is required. Consult your tax advisor for deductibility of Interest. You must be a member of the Credit Union to obtain a loan. There is a $5.00 minimum balance required in your share savings when you become a member. Interest accrues from the date of funding. Election of 60-day first payment due date may increase finance charges. Offer is valid for new loans only and is not available on refinances of existing FNCU loans. Rates as of 4/28/2023.
APR=Annual Percentage Rate.
1) Payment Example: For a $25,000 dwelling secured loan for a term of 60 months at 7.24% APR, the monthly payment will be $497.43. All payments calculated with loan-to-value of 85.01-90% LTV. Must have FNCU checking account with direct deposit and automatic loan payment. Members without a checking account, direct deposit and automatic loan payment may receive a slightly higher rate (.25%). Payment example does not include amounts for taxes and insurance premiums, if applicable, the actual payment obligation will be greater. Limited time offer.
