Couple planning home improvements

Home Improvement Loans

A home improvement loan may be an option if you don't have equity in your home.

Home Improvement As Low As

APR Effective 2/1/2024*

8.99
%
APR

Home Improvement Loan

*See important information about rates, fees and other costs

Upgrade Your Home

A home improvement loan can be used for financing home upgrades, maximizing your home's potential and comfort. No equity, no problem — home improvement loans are not secured by property.

If you have projects on your list but you don't need a big loan, a home improvement loan could be the right choice for your needs.*

Energy Efficient
Energy-Efficient Projects

Windows. Weatherize/insulation. Tankless water heater. High-efficiency HVAC.

Kitchen and Bath
Kitchen & Bath
Cabinets. Tile. Flooring. Counters.
Outdoor Projects
Outdoor Projects
Deck. Fencing. Landscape. Outdoor kitchen.
Home Exterior
Home Exterior
Roof. Paint. Siding. Gutters.

Features and Benefits

  • Rates are fixed, so your payment won't change.
  • Borrow up to $35,000.
  • Loan terms up to seven years.**
  • No origination fee and no equity required.
  • No appraisal needed.

Frequently Asked Questions

A home improvement loan can be used for most home projects such as a fresh coat of paint on your home, to make your home more energy efficient with a backup permanent generator, or an unexpected home repair.

A home improvement loan does not use your home as collateral while a home equity line of credit (HELOC) is borrowed against your home's equity. Because of this, home improvement loans have a loan maximum of $35,000 compared to HELOCs — that can range from $35,000 to $350,000.

New windows and doors, better insulation, new HVAC, replacing less efficient appliances or installing solar panels are a few projects of having a more energy-efficient home. Lowering your energy bill while protecting the inside of your house from outside temperatures are just a few benefits of a more energy-efficient home.

You can borrow up to $35,000. However, the amount of money that you're eligible to borrow will depend on several factors, including your credit history and debt-to-income ratio.

Yes. Primary and secondary residences are eligible. The borrower or co-borrower must be on the title of the property for the home improvement loan to be funded.

Visit the Puget Sound Energy website for more information: PSE | Solar 101 and PSE | Solar Power and Solar Energy Systems.

Loan Payment Protection Program

The Loan Payment Protection program (LPP) provides financial assistance during times of hardship. LPP is an optional benefit offered through BECU.

  • Provides monthly auto loan payments in case of involuntary job loss, disability or loss of life.
  • Monthly program cost is based on loan balance and package options.

To apply, call 800-233-2328 and ask about getting LPP added to your loan.

View the Consumer Loan Payment Protection Contract

*Financing is subject to BECU membership, credit approval, and other underwriting criteria; not every applicant will qualify. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, loan-to-value, loan amount) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Actual APR will be based on applicant creditworthiness, loan amount, and loan term and may be higher than the lowest rate advertised above. Loan program offered including rates, terms, and conditions are subject to change without notice.

**Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term and loan amount) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Advertised APR in effect as of 11/20/2023 and is based on a BECU member with an excellent credit score and a loan amount of $20,000 or greater. Actual APR will be based on applicant creditworthiness, loan amount, and loan term and may be higher than the lowest rate advertised above. Loan program offered including rates, terms, and conditions are subject to change without notice. Payment example for a 4-year, $25,000 loan with an interest rate of 8.99%, the APR would be 8.99% APR with monthly payments of $622.01.

A member may have more than one home improvement loan at one time, subject to credit approval and unsecured aggregate maximums.