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Home Improvement Lending

Home Improvement Financing Options

Whether your project is large or small, we can help you find the financing option right for you.

Your home is an important part of your life. Our home improvement financing options can help you change your home now and pay for it over time. Whether necessary or optional, a small weekend project, or a large renovation, we can help you finance your vision.


If I have limited home equity, I won't be able to finance a home improvement project.


Personal loan and line of credit options may be available for qualified borrowers with limited or no home equity.

View financing options

Consider all your options so you can make an informed decision. The following questions can help get you started:

  • How much do you expect to borrow for this project and how long do you estimate it will take to complete?
  • What type of repayment options fit your budget and how long do you plan to take to pay off what you borrow?
  • Does one-time access to funds or ongoing access to credit better fit your home improvement needs?
  • Do you plan on hiring a contractor to renovate your home or will you complete the project yourself?

Your home improvement ideas are as unique as you are and our range of financing options can help you realize those ideas in the way that makes the most sense for you. Narrow down your options using the information below and remember our financing representatives are available to answer any questions. Be sure to consider the costs associated with each option, including interest rate, when choosing a product.

Loan type 
Amount available Ongoing access to funds Key features and benefits
Secured - Mortgage and home equity options
Cash-Out Refinance
  • Pays off current mortgage balance
  • Provides additional funds for other purposes
Home Equity Line of Credit
$25,000 +
  • Flexibility to change between a fixed-rate advance and variable rate
  • Interest may be tax deductible if the home equity financing is used to improve, buy, or build a home. Consult your tax advisor about the deductibility of interest.
Unsecured - Personal credit options
Credit Cards
$500 +
  • Earn rewards for home improvement and day-to-day purchases
  • Use for large or small purchases
Personal Loan
$3,000 - $100,000 
  • Competitive fixed rate, fixed term, and fixed monthly payment
  • Get your funds, often by the next business day, if approved
Personal Line of Credit
$3,000 - $100,000 Yes
  • Low annual fee of $25, with no cash advance or balance transfer fees
  • Get your funds, often by the next business day, if approved

Making improvements to your home can be exciting and rewarding. Proper planning helps you prioritize your efforts to create a home that fits your wants and needs. Remember that not all home improvement projects increase the overall value of your home, so be sure to carefully consider your reasons before moving forward.

How do I define the goals of my home improvement project?

To help define your project:

  • Create a list of things you would like to accomplish.
  • Prioritize your list in the order of most important to least important.

Remember, your budget might not allow you to complete everything on your list so it's important to determine your priorities.

How do I create a budget?

To create a basic budget for your project:

  • Calculate how much you can contribute to the project.
  • Determine how much you may need to borrow.

If you obtain financing for your home improvement, it is an additional expense beyond your current monthly mortgage. Be sure you can comfortably manage the payment.

How do I select a contractor?

When selecting a contractor:

  • Keep in mind that the contractor with the lowest price may not always be the right person for the job. Balance long-term quality against cost.
  • Select a contractor who has proven expertise in your type of project and the appropriate licenses and insurance. Always check references and the Better Business Bureau.

How do I decide if my home improvement is worth it?

Only you can decide if your home improvement or repair is worth it to you. Some homeowners place a higher personal value on enjoying their living space while they occupy the home; for some, it is important to recover a greater percentage of renovation costs when they sell the home. Remember, a number of factors may determine whether you recover some or all of your expenses.

Learn if you have options for paying for your home improvements

Explore My Credit Options Guide