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Research and articles related to home renovations

Financial Advice


Articles and research about improving your home

Research and articles related to home improvements

Financial Advice


Articles and research about improving your home

Home Improvement Loans

Updated April 20, 2018

When you think about fixing up your house, you may picture yourself walking into the nearest home improvement store and whipping out your credit card to pay for everything you need to make your vision a reality.

There is a much cheaper, smarter way to handle that project, and it doesn’t involve cutting corners on construction. So before you load up one of those oversized shopping carts at the home improvement store, you should consider one of Amplify Credit Union’s home improvement loans.

Home Improvement Planning & Budgeting Tips

Step 1: Outline your goals and come up with a construction plan that includes all of the tasks you want completed.

Step 2: Window-shop online and in-store to create a budget. When you have established an estimate, you’ll know how much you need to borrow to make your dream project come true.

Step 3: Be sure the payback is affordable. You may need to scale back some of your project’s ambitions if it looks like your budget is getting too big.

Step 4: Choose the best home improvement loan option to suit your needs and get started with your application. Need help deciding? Let Amplify help you narrow down your best home improvement loan options.

Compare Amplify Home Improvement Loans

Whether your project is large or small, financing your home improvements with one of Amplify’s home improvement loans can save you money. With fixed interest rates and no prepayment penalties, you’ll soon wonder why everyone isn’t doing it this way. We actually wonder the same thing every day.

Benefits & Features Ideal If You...

Home Equity Loan

Funds available as lump sum, and has fixed interest rate with same monthly payment for entire term

  • Fixed interest rate
  • Fixed payments for entire loan term
  • 5, 10, 15, or 20 year term available
  • Learn more here
  • Want to make the same payment every month for the term of the loan
  • Want your funds as a one-time lump sum
  • Are doing a large-scale project
  • Want the lowest rate or lowest payment available

Home Equity Line of Credit

Funds available as line of credit, pay interest only on what you borrow

  • Variable interest rate during draw period
  • Interest-only payments during draw period
  • 10-year draw period, followed by 10-year payback period
  • Learn more here
  • Want to borrow funds only as needed
  • Want flexibility to re-borrow funds as balance is paid down
  • Are doing a large-scale project
  • Want a lower rate than other unsecured line of credit options

Homeowner Express Loan

Unsecured loan for homeowners that need their funds fast or need to supplement their home equity funds

  • No home equity required
  • No property lien required
  • Up to $40,000 available in 24 hours
  • Available in fixed terms up to 10 years
  • No closing costs
  • Learn more here
  • Need the funds quickly
  • Don’t have enough home equity to get the home equity loan you want
  • Already have a home equity loan and need additional funds

Home Improvement Loan

Fixed rate loan option with terms up to 15 years for homeowners who are working with a contractor on a large-scale project

  • Get funds in as little as 15 days
  • Available in fixed terms up to 15 years
  • Fixed rate for the life of the loan
  • Disbursements made payable to your contractor
  • Learn more here
  • Need $25,000 or more for your project
  • Will be using a general contractor to complete the project (no DIY options available)
  • Don't have enough equity in your home to get a standard home equity loan
  • Already have a home equity loan and need additional funds

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