Competitive Rates
Competitive Rates

With low credit union rates, home improvement loans are affordable and offer an easy, low-stress way to get the money you need.

Affordable Monthly Payments
Affordable Monthly Payments

With fixed rates, you’ll know exactly what to pay each month. Home improvement loans fit into your budget.

Increase Your Home’s Value
Increase Your Home’s Value

Making improvements to your home now can translate to bigger profits when you sell. Whether you want to remodel, build an addition, or upgrade your flooring, a home improvement loan is the solution.

Build a Sanctuary
Build a Sanctuary

Your home should be somewhere you love to be. With a home improvement loan, you can add the features and upgrades that will turn your home into your dream.

Rates as Low as 5.34% APR
Request Information
Home Improvement Loan Features
Rates as Low as 5.34% APR
Request Information

Three Easy Steps to Home Improvement

Step 1
Step 1

Start the online application by clicking the button below.

Step 2
Step 2

We'll be in touch to let you know if you're application is pre-approved.

Step 3
Step 3

We'll be there the entire process – walking you through the steps to start home improvements!

Get Started

Get Started

Home Improvement Loan FAQs

Can I use money from my Home Improvement Loan for other purposes?

The money from your Home Improvement Loan must be used for home improvement expenses, including renovating, remodeling, or putting an addition on your home.

Will home improvements increase the value of my home?

Yes, in most cases, making upgrades or improvements to your home will increase its market value.

What are the requirements to be approved for a Home Improvement Loan?

The decision to approve someone for a Home Improvement Loan is based on various criteria, including credit score, collateral, and your Loan-to-Value ratio.

What determines my credit score?

Your credit score, or FICO score, is a number that reflects your financial responsibility and helps lenders decide if you're a credit risk or not. Your score is based on - but not part of - your credit report. It's generated at the time of the request, then included with the report.
The five factors that determine your Credit Score are:

  • Payment History - (approximately 35% of your score) The factor that has the biggest impact on your score is whether you've paid past credit accounts on time.
  • Amounts Owed - (approximately 30%) Having credit accounts and owing money doesn't mean you're a high-risk borrower. But owing a lot of money on numerous accounts can suggest that you are financially overextended and more likely to make some payments late or not at all. Part of the science of scoring is determining how much debt is too much for a given credit profile.
  • Length of Credit History - (approximately 15%) In general, a longer credit history will increase your FICO score. It shows that you can responsibly manage your available credit over time.
  • New Credit - (approximately 10%) Opening several credit accounts in a short period of time can represent greater risk; especially for people with short credit histories. Requests for new credit can also represent greater risk.
  • Types of Credit in Use - (approximately 10%) Your FICO score will reflect a combination of credit cards, retail accounts, installment loans, finance company accounts, and mortgage loans. While a healthy mix will improve your score, it is not necessary to have one of each, and it is not a good idea to open credit accounts you don't intend to use.

Learn more about what determines your credit score and how your score is interpreted.

Learn Why Our Members Love PrimeWay

We make your dreams our mission – every day. Read what our members have to say about how PrimeWay membership has helped them achieve their dreams.

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Jim Vo
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Education

"I never feel like a customer, more like family. Over my years of membership, the bankers have taken the time to educate me about my money – they have made the process easy."

Sharian Nero
Sharian Nero Member since 2001

Trusted

"My parents have been members for years. My family trusts PrimeWay."

Danielle Blankenship
Danielle Blankenship Member since 2012

Easy Process

"PrimeWay helped with my daughter's college tuition. The process was easy."

Janesha Shoulders
Janesha Shoulders Member since 2018

Rock Solid

"I've been a member since 1968. My relationship with PrimeWay has been rock solid."

Doris Stauffacher
Doris Stauffacher Member since 1968

Great Rates

"Originally I joined PrimeWay because of a great rate on a personal loan. I've remained a member ever since."

Jim Vo
Jim Vo Member since 2005

Community

"We live in this community and the new branch location is perfect and the promotional CD rate is even better."

Joe Darensbourg
Joe Darensbourg Member Since 2011

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APR=Annual Percentage Rate. All rates are listed as Annual Percentage Rate (APR). Certain credit criteria and restrictions apply. Loans subject to credit approval. Qualifying rates may be based on a combination of your credit score, the term you select, collateral, lien position, loan-to-value ratio, and other normal lending criteria. Rates are subject to change without notice. Your final APR may vary based upon customary fees and closing costs, which are treatable as interest when calculating your final APR. For more information, please contact a PrimeWay representative at 713-799-6200.

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