About Home Improvement Loans
Home improvement loans are available from banks, credit unions, and other lenders and are designed to cover renovations, repairs, and other upgrades to your home. These loans can be separated into secure loans, including home equity loans and home equity line of credit (HELOC), and unsecured loans, including personal loans and credit cards.
Types of Home Improvement Loans:
01
Home Equity Loan
Also known as a second mortgage, a home equity loan allows homeowners to borrow against the equity they have built up in their property
02
Home Equity Line of Credit (HELOC)
HELOCs function similarly to a credit card that is secured by the homeowner’s equity
03
Cash-Out Refinance
With a cash-out refinance, you can replace your mortgage with a larger loan and cash out the difference
04
Personal Loans
Personal loans are approved based on your credit score and income. Approval is typically a faster process than secured loans
Requirements
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Credit score of approximately 670 or more
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Debt-to-income (DTI) ratio of less than 36%
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Proof of stable income
Secure Your Loan With Everest Lending
Ready to buy or refinance? Contact Everest Lending to find out if a Home Improvement Loan is right for you. With over 25 years of home loan experience, our team guides you through your mortgage options and the application process, helping you secure funding for your new home.
Why Choose Everest Lending?
Wide Range of Loan Options
Personalized Assistance
Competitive Mortgage Rates
Virtual & In-Person Consultations
Service Areas
Trusted Mortgage Solutions Near You
Everest Lending proudly serves clients across Pennsylvania with a full range of mortgage and lending solutions. Whether you’re purchasing a new home, refinancing, or securing funding for a property investment, our trusted team is here to guide you every step of the way. And since we’re local, we can even attend closings in person to ensure everything goes smoothly.