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Ardent Renovation Loan

Use your after-renovation value to boost your borrowing power

Swoon-worthy homes start with Ardent Credit Union’s unique Home Renovation Loan.

Our Renovation Loan is the only home improvement loan that calculates the after-renovation value of your home to determine how much you can borrow. Even if you don’t have tons of equity built up yet, you can start planning the glow up your home deserves today. No cobbling together funding. Complete your project now with just one loan. No mortgage refinancing required.

The line-to-loan difference
Unlike typical financing options, our Home Renovation Loan starts as a line of credit you can borrow against to cover your renovation costs for up to 2 years. Make withdrawals against your line as needed and when your project is completed, your line will convert to a low fixed-rate loan. 

  • Loan amounts from $20,000 to $250,000
  • 20-year fixed-rate repayment and no pre-payment penalty
  • Borrow up to 95% of the after-renovation value*

Get all your ducks in a row
RenoFi provides a free concierge service to help you stay on track. Their team of experts will help you nail down your budget, set your project timeline and assist with vetting contractors. 

Ready to get started?
Start by filling out the form on this page. A member of Renofi’s team will contact you to evaluate your project and collect some required documentation.

Once your renovation plans are finalized, we’ll start the lending process, which takes about 30 days on average from application to closing.

Think you might already have enough existing equity for your project?
Check out our Fixed-Rate HELOC, which offers the same financing flexibility at lower interest rates.

Your home’s glow up starts here

Provide your information and we’ll have a concierge team member from our partner RenoFi contact you.

Please do not submit confidential account or personal information, such as social security, driver’s license, account or member numbers.

An Ardent Renovation Loan can significantly increase your borrowing power. Unlike a traditional home equity loan that calculates your available equity based on your current home value, our Renovation Loan allows you to borrow against your home’s after-renovation value. 

There are two main differences. First, an Ardent Renovation Loan does not require you to refinance your first mortgage. Second, there is no excessive paperwork, cumbersome inspections and complicated draw processes. With the Ardent Renovation Loan, the homeowner receives the money and pays for the work as it is completed.

Homeowners taking out an Ardent Renovation Loan will work with RenoFi to review their plans or blueprints, check their homeowners insurance, and assess their contractor - all with the aim of ensuring our members are put in the best position to successfully complete their renovation.

To start, complete the form above. Our partners at RenoFi will contact you to discuss your project and collect the necessary renovation related documents. Once renovation plans are finalized, the lending process can begin. From loan application to closing takes about 30 days.

The maximum loan amount is $250,000. However, not everyone will qualify for the maximum amount.  Your home’s after-renovation loan-to-value ratio, your credit worthiness and your income, will determine your maximum loan amount.

*Your home’s after-renovation loan-to-value ratio, your credit worthiness and your income will determine your maximum loan amount. Subject to credit approval. Not all applicants will qualify for the lowest rate. The amount borrowed for renovation together with any other mortgages cannot exceed 95% of the after-renovation property value on 1-to-4 family owner-occupied primary properties. Among the ineligible property types are investment properties (defined as non-owner-occupied), co-ops, mobile homes, manufactured houses and properties located in the state of Texas. Homeowners property insurance is required. Flood insurance may be required.  Fees and charges may apply. Minimum Payment Example: If you made only the minimum monthly payment and took no other credit advances it would take 20 years to pay off a credit advance of $20,000 at an annual percentage rate of 5.49%. During that period, you would make 240 payments of $137.46. Membership eligibility is required.