Home Improvement Loans
Make home your happy place.
Your home is your sanctuary. Let us help you make it better.
Looking to build a better office space to work from home? Or what about a living room that accommodates your growing family? Our Home Improvement Loan is exactly what you need to get started.
Increase the value of your home
You can borrow anywhere from $5,000 to $75,000 to make all kinds of improvements to your home — without using your home’s equity.
Make repairs early
From buying new appliances to replacing your HVAC system, our loan gives you the opportunity to make affordable repairs now so you don’t have to worry about a costly replacement later.
Easily repay your loan
With low rates and terms up to 180 months, we help you craft a repayment plan that aligns with where you are in life.
Today’s rates
|
Term |
APR1 |
Loan Amounts |
|---|---|---|
|
¹APR = Annual Percentage Rate. Rates and terms subject to change without notice. Stated APR is the lowest rate available for qualified members. Actual rate may be higher based on income, credit worthiness, and extended loan terms. APR reflects 0.25% discount for automatic payment made from member’s LFCU account and established qualified direct deposit² into member’s LFCU checking account. ²Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 2.04% APY on LFCU checking account balances up to $25,000 and 0.025% APY on checking balances over $25,000. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal is an equal opportunity lender. The rates and terms shown are effective as of February 1, 2025. |
||
|
Term 5 years |
APR1 10.74% |
Loan Amounts Up to $15K |
|
Term 10 years |
APR1 10.74% |
Loan Amounts $15.1K to $20K |
|
Term 12 years |
APR1 10.74% |
Loan Amounts $20.1K to $30k |
|
Term 15 years |
APR1 10.74% |
Loan Amounts $30.1 to $75k |
Let’s run the numbers.
Estimate your monthly payment when you finance your next home improvement project with Lafayette Federal.
Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.
Our members say the nicest things.
LFCU has been a lifesaver. I originally had a mortgage on my home with Merrill Lynch (ML). Although ML gave me a mortgage, they not only reserved the right to foreclose on the loan if I defaulted, but they also took an additional security interest on my actual ML account! This means that ML could have foreclosed and/or liquidated my brokerage account with them. After a few years, I had enough and moved over to LFCU. The transition was painless, worry-free and there was no double-dealing! I’ve been a loyal member since 1988, and plan to be one forever. The LFCU folks are always friendly, helpful and courteous. Thanks a million!
Rumu S.
Home financing advice
Explore our blog for homeowner tips, practical advice, and financial guides on how to achieve your goals.
Valentine’s Day Budgeting: Show love without breaking the bank.
Valentine’s Day is a time to celebrate love, but it doesn’t have to come with a hefty price tag. Whether you’re navigating tight finances or simply prefer to be smart with your money, there are plenty of ways to make the day special without overspending. Read on for our suggestions on how to create a…
Read more
Student Loan Management: A how-to guide for uncertain times.
Managing student loans effectively is crucial for college students, recent graduates, and their families. This is especially true today, when the costs of a college education have never been higher, interest rates on loans are higher than they’ve been in decades, and sources of private and public support can be hard to obtain. It’s understandable…
Read more
Savvy Saving Strategies: Emergency funds vs. rainy day funds.
Looking to boost your financial security? A solid savings strategy is the key. Two essential components of success are creating emergency funds and rainy day funds. While often confused, these savings tools serve distinct purposes and have different benefits. This guide explores those differences, recommends savings amounts appropriate for different life stages, and provides actionable…
Read moreThere’s even more to explore.
Mortgage Refinance
Refinancing your mortgage can be a big financial decision, but you don’t have to do it alone. Our mortgage officers are here to help you secure a lower interest rate, change the terms of your loan, and figure out if a refinance is the right choice for you.
Construction to Permanent Mortgage Loan
Our Construction to Permanent Mortgage Loan is designed to help you build or renovate your home, our loan covers construction while you’re building, then converts to a mortgage you can rely on.
Ready to improve your home?
Back to top Disclosures
Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Lafayette Federal is an Equal Opportunity Lender.
Equal Housing Lender. NMLS#: 464425
