The best improvement loan

Have you found a home to purchase in the perfect location, but it needs some updates? Do you own your home but are starting to outgrow your space? Want to remodel your kitchen or add a bathroom? A renovation loan would be perfect for you to accomplish all your fixer-upper needs! This loan is designed for those who want to purchase or refinance with repairs or improvements having only one loan and one closing.

95% financing up to $806,500 loan amount
Primary residence and 1-unit single family dwellings only
Fixed-rate and adjustable-rate options available
Cosmetic and structural renovations are permitted

Must have itemized bid, plans, and specifications for the renovation
Renovation must be completed by a licensed general contractor
General contractor/contractor must be approved by Liberty FCU

Take the first step toward your new home. Apply today!

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©2004 - 2024 Liberty Federal Credit Union. All rights reserved. Liberty FCU mortgage lending product availability may vary based on property location. Loans are subject to credit review and approval. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Loans are subject to credit review and approval. Loan amounts of $726,200 – $2,500,000.

Up to 95% LTV determined by appraisal subject to improvements. General Contractor/Contractor must be approved by Liberty FCU. Principal and interest payment begins at the closing of the loan. Construction administration fees may apply. Product offerings may vary by state or region.

An ARM is an adjustable-rate mortgage that has an initial interest rate for the first three, five, seven or ten years and an adjustment interval of 6 months thereafter. The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first seven years (84 payments). After the initial seven year period, your interest rate can increase or decrease semiannually based on the Secured Overnight Financing Rate (SOFR) index as published on the New York Federal Reserve website, plus our margin, which varies among Liberty FCU adjustable-rate mortgage products. Any change may significantly impact your monthly payment. The rate on 80% adjustable-rate home equity line of credit is the prime rate as published on the first business day of each month in the Wall Street Journal. Our 90% adjustable-rate home equity line of credit has the same benefits and uses the same index with a rate of 1.5% above the prime rate. There is a maximum cap of 18% APR. Offer available for new primary mortgage loans and mortgage loans already established at Liberty FCU when refinanced with at least $10,000 new money. This offer is available on conventional conforming financing of purchases for primary residences only. Contact a Liberty FCU mortgage loan officer for details.

Federally Insured by NCUA, Equal Housing Lender NMLS #518136

Loans are subject to credit review and approval. Loan amounts of $726,200 – $2,500,000.

Federally Insured by NCUA, Equal Housing Lender NMLS #518136

The best improvement loan

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