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Projects Plus Home Loan

Just what you need for a swimming pool loan, solar panels, or to start home improvements.


The Projects Plus Home Loan is ideal for:

  • Patio upgrades

  • Outdoor kitchen installation

  • Kitchen and bath remodels

  • Swimming pool loan

  • Landscaping projects

  • Solar panels

  • BEV/PHEV charging station installation


Benefits of a Projects Plus Home Loan

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Competitive Rates

Simple Personal Loan Structure

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Apply Online in Under 10 Minutes

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Home Visit Not Required for Approval

Projects Plus Home Loan Rates

Rates Effective: October 2, 2023. All rates quoted are Annual Percentage Rates (APR). See disclaimers for more details.¹ 

Term in Months

Rate & Loan Amount

$5,000 - $9,999 $10,000 - $19,999 $20,000 - $39,999 $40,000 - $59,999 $60,000 - $100,000
24 - 36 11.00% APR 10.75% APR 10.50% APR 10.25% APR 10.00% APR
37 - 48 11.25% APR 11.00% APR 10.75% APR 10.50% APR 10.25% APR
49 - 60 11.50% APR 11.25% APR 11.00% APR 10.75% APR 10.50% APR
61 - 72 11.75% APR 11.50% APR 11.25% APR 11.00% APR 10.75% APR
73 - 84 n/a 11.75% APR 11.50% APR 11.25% APR 11.00% APR
85 - 144 n/a n/a 11.75% APR 11.50% APR 11.25% APR

Your Application & Funding

  • We are unable to provide loan pre-approvals and you must apply online.
  • If you are approved, you are under no obligation to accept the loan.
  • Projects Plus Home Loans will only be funded to a personal bank account and not to a commercial or business account. 
  • Loan Payments must be made from a personal banking/credit union account. 

Good to Know

  • The Projects Plus Home Loan is classified as a personal loan, making it a simple lending process on both borrower and lender.
  • You and any joint applicants must have a credit score of 680 or higher and at least 7 years of credit history. For any credit score under 720, an extra 0.50% will be added to the standard APR.
  • This loan is for improving your primary residence and funds must be used for the purpose stated on the application.
  • If you are approved, you are under no obligation to accept the loan.
For the full list of loan qualifications and limitations, read our FAQs.

Apply Now

¹Projects Plus: Must be 18 years or older and a home owner with a valid email address. Applicant must have a minimum 680 credit score, at least seven [7] years of credit history, credit history shows a variety of credit types (credit cards/installment loans/vehicle loans/etc.), and credit history displays an excellent repayment history. Loan purpose must be for improving primary residence and funds must be used for purpose stated on application. Loan application required. Subject to credit review and approval. Projects Plus Home Loan application for credit must be completed and submitted online at Only one Projects Plus Home Loan per member can be open at a time. Your loan terms, including APR, may differ based on, amount, term length, and your credit profile. Lowest rates require excellent credit. Minimum loan amount $5,000. Not eligible for Skip-A-Payment or refinancing. Loan amount cannot be added to after funding. (Repayment Example: The payment on a $5,000 loan would be $163.69 per month at a non-variable interest rate of 11.00% APR with a 36-month term. This equates to $5,892.97 over the life of the loan.) Additional conditions and limitations may apply. Advertised rates and terms are subject to change without notice. Equal Opportunity Lender.
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Refer a Friend, Earn $200 Cash

Through our Loan Referral Program, when you refer a new or existing member to Neighborhood CU for an Auto loan, you can earn $200!

Apply Online Today

Explore Neighborhood Credit Union Products

From banking to borrowing, we have everything you need.
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Auto loan rates as low as 5.99% APR*

Get up to 120 days of no payments and apply online in less than 10 minutes.

Frequently Asked Questions

Since the Projects Plus Loan is what is called an unsecured loan, there are a few more requirements we have to determine who is a qualified borrower. To qualify, you'll have Excellent Credit as defined, but not limited to, the following:

  • Credit score of 680 or higher. If you are applying jointly with someone, both scores must be over 680. For credit scores under 720, an extra 0.50% will be added to the standard APR;
  • Seven (7) or more years of significant credit history;
  • A credit history with a variety of account types such as:
    • Major credit cards, such as Visa, MasterCard, American Express
    • Installment debt
    • Vehicle loans
    • Mortgage loans;
  • An excellent payment history with no delinquencies or other problems repaying debt obligations;
  • A proven ability to save, evidenced by the following:
    • Liquid assets (stocks, bonds, bank or credit union deposits, etc.)
    • Cash down payments on real estate
    • Retirement savings;
  • Little, if any, revolving credit card debt (a ratio of revolving debt balances to revolving debt limits of 25% or less);
  • Stable and sufficient verifiable income and assets to easily repay current debt obligations and any new loan with Neighborhood Credit Union;
  • The property being improved must be the borrower’s primary residence.
There are a few things to keep in mind as you apply for the Projects Plus Loan:

  1. Loans are made to individuals, not to businesses.
  2. Loan documents can only be executed electronically, therefore you must have a valid individual email address.
  3. The loan must be paid off completely before another loan of this type can be obtained.
  4. The loan cannot be refinanced to add additional amounts.
  5. This loan is not eligible for the Skip-A-Payment program.
  6. The applicant must be the owner of the property and the property must be their primary residence.
  7. This loan cannot be used to refinance an existing Neighborhood Credit Union loan, to purchase bonds, stocks, stock options, or pay back a loan against a stock option.

We built the Projects Plus Home Loan for those wanting to skip all of the hoops and paperwork associated with home-related loans but want to borrow larger amounts for home repairs or improvements. Our Projects Plus Home Loan is technically classified as a personal loan, which makes it a very simple process for both borrower and lender.

Why Neighborhood Credit Union is a great choice for checking, savings, and loans.

With over 90 years of experience, Neighborhood Credit Union knows how to help people reach their financial goals.

We now have several branches across the DFW Metroplex. We proudly provide our members with customized savings accounts and competitive rates.

As a not-for-profit, we pass savings on to you through greater returns. We also invest in technology to offer a top-of-the-class online and mobile banking experience. You can manage your accounts easily through online banking or our mobile app for iOS or Android.

At Neighborhood Credit Union, we’re committed to guiding you every step of the way toward financial security.

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