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Home Improvement Loan with Fixed Rates and Flexible Terms

Get the funds you need for renovations and repairs with fixed rates, no home appraisal, and flexible repayment terms without tapping your home equity.

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What is a home improvement loan?

A home improvement loan is an unsecured personal loan used to pay for home renovations, repairs, or upgrades without using your home as collateral. Because no collateral is required, there is no appraisal.

A home improvement loan is useful when you:

  • have limited equity or early stage in your mortgage
  • have a defined project cost
  • prefer fixed monthly payments

Your home is more than a place, it’s where life happens. Whether you’re planning a roof replacement, room update or tackling essential home repairs, a home improvement loan from St. Mary's Bank gives you a straightforward, affordable way to move forward.

  • Borrow up to $25,000
  • Fixed interest rate for predictable monthly payments
  • No appraisal required
  • Flexible repayment terms

Members may receive a rate discount when they set up automatic payments from a St. Mary's Bank checking account.

A Home Improvement Loan can be used for a wide range of projects, including:

  • Kitchen or bathroom renovations
  • Flooring, painting, or cosmetic updates
  • Roof replacement or exterior repairs
  • Heating, cooling, or electrical upgrades
  • Accessibility or safety improvements

Apply for a Home Improvement Loan

Ready to finish or check the status of your application? Click here.

How does a home improvement loan compare to a home equity line?

A home improvement loan is unsecured, meaning your home is not used as collateral, and a home appraisal isn't required. It's a good fit when your project has a fixed cost under $25,000 and you want a set monthly payment with a clear payoff date.

A home equity line of credit uses your home's equity as collateral, which allows for larger borrowing amounts, and requires an appraisal. St. Mary's Bank's Home Equity Line of Credit with Lock Option is a good option if your project is larger or open-ended in scope.

Green Rate Home Improvement Loan

A Green Rate Loan is a fixed-rate home improvement loan offered at a lower interest rate to finance energy-efficient upgrades.

St. Mary's Bank's Green Rate Loan lets you borrow up to $25,000 for improvements like new HVAC systems, insulation, windows, doors, solar upgrades, and EPA-certified appliances. The reduced rate makes this a cost-effective option for homeowners who want to lower utility costs and add long-term value to their home without tapping their home's equity.

  • Borrow up to $25,000 to cover qualifying improvements
  • Predictable monthly payments
  • Flexible repayment terms

Common qualifying projects include:

  • Energy‑efficient heating and cooling systems
  • New windows, doors, and insulation
  • Solar improvements
  • Energy efficient/EPA certified appliances

Apply for a Green Rate Loan

Ready to finish or check the status of your application? Click here.

To see important details, including additional rates and terms, visit the Consumer Loan Rates Page.

FAQs

How do I check the status of a recent loan application?

To check the status of a consumer loan (home equity, credit card, personal loan, or vehicle loan) in progress, visit here.
How do I get a loan rate discount?
Set up automatic payments from your St. Mary's Bank checking account. Ask about the discount when you apply or contact us to add it to an existing loan.
What documents do I need to apply for a loan?
You may be asked to provide documents that help verify your identity, income, and other details related to your application. See a complete list here.
What payment options are available?
Check out our Consumer Loan Payment page for your options here.
home renovation

Use Your Home's Untapped Equity

Taking on a bigger project? Explore a Home Equity Line of Credit with Lock Option (HELLO) for greater borrowing power and flexibility.


Learn More about HELLO

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