Couple planning home improvements

Home Improvement Loans

A home improvement loan may be an option if you don't have equity in your home.

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Home Improvement As Low As

APR Effective 9/13/2023*


Home Improvement Loan

*See important information about rates, fees and other costs

No Equity Home Improvement Loan

If you have a DIY project, a home improvement loan may be the way to go. No equity, no problem—home improvement loans are not secured by property.

Home Equity
No Equity Needed
Up to $35,000

Features and Benefits

  • No appraisal needed
  • No cost or fees
  • Low fixed rate and fixed monthly payments
  • Quick access to funds
  • Easy application process
  • Flexible loan terms

Frequently Asked Questions

While a HELOC is borrowed against your home's equity, a home improvement loan does not use your home as collateral. Because of this, home improvement loans have a loan maximum of $35,000 compared to HELOCs—that can range from $35,000 to $350,000.

A home improvement loan can be used for any smaller-scale (less than $35,000) home project such as new deck, landscaping, home office, kitchen or bathroom updates or a fresh coat of paint for the house.

You can borrow up to $35,000. However, the amount of money that you're eligible to borrow will depend on a number of factors including your credit history and debt to income ratio.

Yes. Primary and secondary residences are eligible. The borrower or co-borrower must be on the title of the property for the home improvement loan to be funded.

Loan Payment Protection Program

The Loan payment protection program (LPP) provides financial assistance during times of hardship. LPP is an optional benefit offered through BECU.

  • Provides monthly auto loan payments in case of involuntary job loss, disability or loss of life
  • Monthly program cost is based on loan balance and package options

To apply, call us at 800-233-2328 and ask about getting LPP added to your loan.

View the Consumer Loan Payment Protection Contract

*Financing is subject to BECU membership, credit approval, and other underwriting criteria; not every applicant will qualify. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, loan-to-value, loan amount) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Actual APR will be based on applicant creditworthiness, loan amount, and loan term and may be higher than the lowest rate advertised above. Loan program offered including rates, terms, and conditions are subject to change without notice.

A member may have more than one Home Improvement loan at one time, subject to credit approval and unsecured aggregate maximums.