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Home Improvement Loans
It’s time for an upgrade.

Looking to remodel your kitchen, replace your roof, or get started on a smaller project without the need to refinance, utilize your equity, or rack up credit card debt? A home improvement loan with Red River Credit Union can help.

Your home is an investment. Enhance your property with renovations, updates, and repairs with a RRCU home improvement loan. No closing costs, inspections, or equity needed. You can borrow up to $50,000* to help increase the value of your investment.

*With approved credit.

A few things will be needed to get you qualified for your home improvement loan.

  • Individual applicant must have a credit score of 700 or higher, joint applicants must average 700 or higher with neither being under 660.
  • Proof of employment for 4 years.
  • Income verification with W-2 and pay stub dated within the last 30 days. If you are self-employed, you must provide the last two years tax returns. For those who are retired or on social security, verification must be made by a third party such as a social security letter or retirement award letter. Income may be verified though RRCU direct deposit.
  • Proof of residence for 4 years or home ownership of 4 years prior to current residence. Copy recorded Warranty Deed on present residence.
  • List of improvements or work estimates. Loan may not exceed the total amount of improvement estimates provided by the member.

Rates Effective: 5/18/2022

Consumer Home Improvement Rates

Loan Type Term APR* As Low As
Up to $10,000 up to 60 months 4.75 %
$10,001-$15,000 61-84 months 5.25 %
$15,001-$25,000 85-120 months 6.25 %
$25,001-$50,000 121-144 months 7.25 %

* APR=Annual Percentage Rate. With approved credit. Rate based on term and credit score. Rates subject to change.

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