Don't Relocate, Renovate!

It takes time and a lot of money to find a new house, and moving is a hassle, too! Instead, turn your existing house into your dream home with a CommonWealth One Home Improvement Equity Loan. It’s an affordable and easier way to get the home you fantasize about on the cover of those magazines.

Borrow up to 133% loan-to-value (LTV) of your home.1  That’s well over the 80% LTV available elsewhere.  Plus, you can borrow up to $250,000!  With terms like these, you’ll have the funds you need to do just about any home improvement project your heart desires - update the kitchen, add a bathroom, redesign the yard, or turn the basement into a plush hideaway. 

  • Borrow up to 133% LTV of your home1
  • Loan amounts up to $250,000
  • Fixed Rate as low as 6.99% APR*
  • Terms up to 15 years

Make Your Home A Keeper!

Apply for a CommonWealth One Home Improvement Loan today! 

1LTV = Loan-to-Value. The 133% LTV only applies to the Home Improvement Equity Loan. Home equity loans are available on primary residences located in Virginia, Maryland, Washington, DC, North Carolina, Tennessee, Kentucky, and West Virginia. Please check with your tax advisor regarding loan interest deductibility. Closing costs include credit reports, appraisal fee, flood certification, title search, recording fees and mortgage transfer taxes. Members will be obligated to pay the closing costs associated with the closing of this loan request. If a drive by or a full appraisal is required to support the loan request, this expense will paid by the member. Total closing costs generally range from $100 to $1,000 based on the loan amount. Closing costs can be incorporated and paid with the loan proceeds. Members should retain a copy of the home equity disclosures. Member may receive a refund of any fees if the rate changes and the member decides not to complete the process. Property insurance is required and flood insurance may be required. Loan is for home improvements only and documentation of bid/material list/ invoice will be required before loan disbursement. Granting of a home equity loan may result in the credit union acquiring a security interest in the property. Certain restrictions apply.

*Annual Percentage Rate (APR).  Rates are subject to change at any time. Rates and terms are based upon the evaluation of applicant(s) credit. Your actual rate may vary. Rate is also tiered on loan terms. Maximum loan term is 15 years and minimum loan term is 5 years.

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