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Property Improvement Loans

Property Improvement Loans

If you need to make some repairs on your home, whether large or small, the Texas Trust property improvement loan may work for you. Dedicated to upgrading your home, the property improvement loan fits for a multitude of home projects. Remodeling a bathroom? Laying down new flooring? Need to remove mold from your home? The property improvement loan can help you finance these projects. Enjoy low interest rates and flexible terms, from one to ten year terms.

Eligible Home Improvements

Must be permanently affixed to home or property, such as:

  • Remodeling
  • Additions
  • Flooring
  • Windows
  • Landscaping
  • Plumbing
  • Driveways
  • Pole Barns
  • Roofing
  • HVAC Systems
  • Sump Pumps
  • Asbestos Removal
  • Mold Removal
  • Insulation
  • Cabinets
  • Gutters
  • In-ground pools
  • Remodeling improvements
  • Fences

Property Improvement Criteria

Program Criteria
Loan Purpose Property Improvements
Maximum combined loan-to-value ratio 97%
Eligible loan type Closed-end, fully amortizing
Documentation requirements Full-doc
Stated income, stated values are not eligible
Property requirements All properties must be owner-occupied
• Borrowers must be on the title to the property
Eligible property types Single-family detached house
Duplex
Townhouse
Condominium
Loan term 1-year minimum/10-year maximum
Minimum monthly payment Principal and interest
Loan Parameters
Credit Scores of 660-679 Credit Scores of 680+
Maximum loan amount $15,000 $20,000
Maximum debt-to-income ratio 45% (of gross income) 45% (of gross income)

*Loan programs subject to change without notice. Not all members may qualify for all programs.

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