Your home has a to-do list. Let's fund it.
Because "we'll figure out how to pay for it later" isn’t a good plan.
The right project deserves the right home improvement financing.
Whether it’s a personal loan, home equity, or a HELOC, we'll help you weigh your options, so you can choose the one that fits your project, your timeline, your budget, and your payment.
No guessing games
Compare home improvement loan options side by side. Know your payment before you call anyone.
Different ways to borrow
Personal loan or home equity. Compare the differences before you decide.
Real human support
Questions mid-project? We're online, by the phone, or at a branch near you.
If your home has equity, you may be able to borrow against it for a larger renovation. Home equity loans offer a lump sum at a fixed rate. A HELOC gives you a line of credit to draw from as your project unfolds. Both use your home as collateral. Questions? Stop into an LMCU branch and we’ll walk you through it.
A personal loan for home improvement works like a financial handshake: A fixed rate, a set amount, and equal payments. Great for kitchen updates, bathroom remodels, roof repairs, and decks, where you know the cost upfront. No collateral. No equity required. Clear payoff timeline.
Wondering which home improvement loan fits your project?
Project size, equity, timeline, and whether you want a fixed payment all factor in. These are the questions most borrowers ask first.
Think of it like a home repair fund you don’t have to build from scratch. A home improvement loan is financing used for repairs, renovations, remodels, or upgrades — anything from a new roof to a kitchen overhaul to an emergency furnace replacement. Depending on the option you choose, it may be unsecured (no collateral required) or secured by your home’s equity through a home equity loan or HELOC. LMCU helps you compare the options so the financing fits the project — not the other way around.
Not necessarily — that’s one of the most common misconceptions. An unsecured home improvement loan lets you borrow without putting your home on the line. It’s based on your credit and income, not how much equity you’ve built up. If you do have equity, a home equity loan or HELOC may offer a lower rate on a larger amount. The right answer depends on your project, your timeline, and how comfortable you are using your home as collateral. We’ll help you think it through.
Smaller projects and borrowers who’d rather not use their home as collateral tend to be a better fit for a personal loan. Larger home remodel loans — a whole-kitchen renovation or an addition — may make more sense with a home equity loan or HELOC if the rates work in your favor. These types of loans use your home as collateral. Compare monthly payments, rates, and payoff timelines before deciding. The calculator can help.
Start with your project. What does it cost? What’s the timeline? Once you’ve got a rough number, the home improvement loan calculator can show you what different loan amounts and terms look like as a monthly payment. From there, comparing a personal loan against home equity options — or Michigan Saves if the project qualifies — gets a lot easier. If you’d rather talk it through first, schedule an appointment.
Michigan Saves is a nonprofit energy-efficient home improvement financing program that connects homeowners with funding for qualifying upgrades. LMCU offers financing through Michigan Saves for eligible improvements — insulation, HVAC systems, windows, water heaters, solar, and other approved projects. If you’re planning an energy upgrade, ask whether your project qualifies. It could change how you finance it.
Explore related home financing options
Disclosures
For well qualified borrowers; subject to credit approval.
