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Make your dreams come true today with a loan from the BECU.
Ensure that your most valuable asset keeps working for you with an affordable Home Improvement Loan. The loan can be used for needed repairs or enhancements that will contribute to future capital appreciation of the asset.
HIL offers members a maximum loan of $80,000. This must be 60% secured by collateral comprised of a minimum of 25% of loan value in unencumbered shares.
Improvement must be to an existing structure that is either fully paid for or currently being paid for under a mortgage agreement.
Proof of home ownership is required – a copy of the Deed of Title
A recent valuation of the property must be provided for loans in excess of $40,000
If real estate is to be assigned as security for the loan, then the member is to bear the cost of any conveyance required and also of any site inspection that may be required
An estimate for improvement works must be submitted
Structure must have existing insurance coverage which must be upgraded upon completion of works to include the value of such works
BECU's goal is to foster a resilient and dynamic environment in which to cultivate enhanced financial security and prosperity for our membership, and the credit union movement overall. Read more.