Renovation Loans

The Loan to Help Make Your House a Home

When you see potential in a home that needs work, BHFCU's Renovation Loans provide specialized financing for your project. You can either use this loan to purchase a home or to refinance your existing home and access money for your renovation. Like traditional mortgages, once you close, you begin making loan payments and you've got access to cash for your renovation.

• With a Purchase Renovation Loan, you can buy an existing house and use up to 100% of its appraised value to make major improvements before you move in.
• With a Refinance Renovation Loan, you can access up to 97% of your home’s appraised value for remodeling and repairs.
• You'll always work with BHFCU experts because we make decisions here and have the option to service your loan in-house.

Black Hills Federal Credit Union provides mortgage solutions that help you buy or build the home of your dreams with the trusted, local support of our South Dakota and Montana lending teams. Find a local lender to begin your homeownership journey.