Home Improvement Loans | RBFCU - Credit Union
Schedule an Appointment
ATMs & Locations
Rates
Apply for a Loan
Open an Account
Routing Number
314089681
Join
Find Your Next Car
Search New & Used Vehicles
Preferred Dealers
Loan Protection
GAP Plus
Mechanical Repair Coverage (MRC)
Credit Insurance
Home Loans & Realty
You found your dream home, now find financing that fits you
Mortgage Overview
Purchase
Refinance
Loan Options
Fixed-Rate
Adjustable-Rate
FHA & VA
Jumbo
New Construction
Land
100% Financing
100% Financing for Medical Professionals
First-Time Homebuyers
Home Equity/HELOC
Home Improvement
Homebuying & Selling Services
Realty Services
Title Insurance
Home Appraisal
Mortgage Retail Team
Retirement
Helping school employees plan for the future with confidence
Retirement Program Overview
Schedule an Appointment
403(b)
Roth 403(b)
457(b)
Roth 457(b)
RBFCU Freedom Retirement Plan
Enroll Online
Manage Your Account
Investments
Helping you invest in life's big moments
Investments Overview
Schedule an Appointment
Financial Advisors
Virtual Advisory Center
Investment Strategies
Financial Health Check
Wealth Management
Trust Services
Insurance
All the coverage you need in one place
Insurance Overview
Request a Quote
Homeowners Insurance
Auto Insurance
Personal Insurance
Business & Commercial Insurance
Health Care Plans & Insurance
Medicare Supplement Insurance Plans
Business
Earning your trust by serving your business
Business Overview
Business Loans
SBA Loans
Business Credit Card
Business Accounts
Business Checking
Business Services
Select Group Membership
Learn
Learn more, earn more, save more with RBFCU
Learn About Finances With RBFCU
Budgeting & Saving
Credit Scores & Credit Reports
Buying a Car & Vehicle Loans
Student Loans & Paying for College
Mortgage Loans & Homeownership
Investments & Financial Planning
Security & Fraud Center
Financial Education
Request a Financial Presentation
GreenPath Financial Wellness
Virtual Financial Coach
Financial Counseling & Education
Debt Management
Calculators
It's a Money Thing
Video Series
Junior Series - Ages 4-10
En Español
Seminars & Webinars
Youth Ambassador Program
FAQs
RBFCU Mobile
app
Download our app for a better mobile banking experience.
Get
Home Improvement Loans
Home improvement loans can open up new possibilities for your property
A home improvement loan allows you to maximize the potential in your current property by financing updates and upgrades. You can use a home improvement loan to add square footage, update flooring or countertops, install energy-saving enhancements, add
a pool and more.
To speak to the Mortgage Department, call
210-945-3300
Home Improvement
4 year
View Details
Home Improvement
7 year
View Details
Home Improvement
10 year
View Details
Home Improvement
15 year
View Details
More Rates
Is there anything I should know before considering a home improvement loan?
Home Improvement loan terms begin at four years and vary depending on how much you owe on your property, the cost of your proposed improvements, the expected value of those improvements and the total property value. We can finance up to 125% of your home’s fair market value. A 15-year term requires a minimum $40,000 loan amount.
In order to secure a home improvement loan, you will be required to hire a contractor and provide a contract agreement outlining the improvements and showing the cost. If improvement work has already begun on your property, you may not be able to secure a home improvement loan and may want to seek a different financing method (like a personal loan).
Why might a home improvement loan be a good choice for me?
A home improvement loan can open up new possibilities for your property. If you do not currently have equity built up in your home, a home improvement loan can give you the financing you need to move forward with desired improvements.
Ready to apply for a loan? Here’s what you’ll need to complete the application:
The amount you would like to borrow
The number of years you want to finance your loan (term length)
Your current employment and income information
Your phone number and email
Information for joint borrowers you plan to include on the mortgage loan (including date of birth, address, income and employment, Social Security number and contact information; if applicable)
An idea of the total amount you would like for your loan and monthly payments
For a list of all the documents often required to complete your purchase, download our Mortgage Application Checklist.
Calculators
How much will my mortgage payments be?
FAQs
Can I use a home improvement loan to finance an addition to my home?
Yes, a home improvement loan can be used to finance a home addition.
Can I build a pool with my home improvement loan?
Yes, our home improvement loans can be used to build pools as well as to do other outdoor projects like landscaping.
Can I be my own contractor with a home improvement loan?
No, our home improvement loans require a contract be executed with a third-party. The contractor cannot be an owner of the property.
I've already started work on my home. Is it too late to apply for a home improvement loan?
Another loan option may better suit your needs. In order to qualify for the home improvement loan, work could be required to cease for up to 30 days. If you are already in process, you may wish to consider a personal loan or home equity loan.
Can I use a home improvement loan to pay off additional debts or consolidate debts?
No, a home improvement loan can only be secure for the improvement contract price. However, a
home equity loan
or
personal loan
might fit your needs for debt or debt consolidation.
Still have mortgage questions?
Personal Loans
Home Equity Loans
Credit Cards
Mortgage Loans
Loans subject to credit approval. Rates and terms subject to change without notice. RBFCU mortgage loans are available only on property in Texas. As a safeguard, a 5-day cooling-off period is required by Texas law before home improvement loans may be
closed. A 3-day right of rescission is also required after closing before the funds may be disbursed. NMLS# 583215