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Spring Into Action with our Projects Plus Home Loan

Published February 28, 2024

Spring Into Action with Our Project Plus Home Loan for Your Home Projects

As the winter chill fades away, homeowners everywhere are gearing up for springtime home improvement projects. Whether it's a long-awaited kitchen renovation, a backyard oasis makeover, or a bathroom upgrade, the warmer months offer the perfect opportunity to upgrade, improve, or shake up your living space. And with our unique Neighborhood Credit Union Project Plus Home Loan, making those dreams a reality has never been easier.

In this blog, we'll discuss what the Project Plus Home Loan is, examples of how to use it, how to apply, and other useful tips for tackling your projects this spring.

What is a Project Plus Home Loan?

Itching for a DIY project as it starts to warm up outside, or is your home in need of a makeover? Look no further than our Project Plus Home Loan, a spin on traditional credit union home improvement loans. Our unique loan is designed as a personal loan specifically for homeowners ready to take on projects big and small. Whether you're dreaming of a new swimming pool, refreshed landscaping to enhance your curb appeal, or a state-of-the-art kitchen remodel, our Project Plus Home Loan has you covered. 

Why a Project Plus Home Loan and not a HELOC?

Our Project Plus Home Loan offers a hassle-free experience with no home visit required, unlike other common home improvement loans, saving you valuable time and eliminating unnecessary hassle. With its simplified process, classified as a personal loan, you can avoid the extra steps often associated with traditional home-related loans. Additionally, the flexibility of our loan allows you to borrow larger amounts, making it ideal for tackling significant home repairs or renovations with ease.

What would I use a Project Plus Home Loan For? 

Outdoor Living Space Expansion: As the weather warms up, you may consider enhancing your outdoor living spaces to enjoy the fresh air and sunshine. This may involve projects such as building a deck or patio extension, adding outdoor seating areas, or installing a pergola or gazebo for shade and ambiance. With the Project Plus Home Loan, you can finance the materials, labor, and additional amenities like outdoor furniture, lighting, and landscaping to create the perfect outdoor oasis for relaxation and entertainment. 

Kitchen Remodel: Spring is an ideal time for homeowners to tackle kitchen remodels, as it allows for fresh starts and renewed energy in the heart of the home. Whether it's updating outdated cabinets and countertops, installing new appliances for energy efficiency, or redesigning the layout for better functionality and flow, a kitchen remodel can significantly improve the value and enjoyment of a home. Our Project Plus Home Loan can cover the costs of renovations, including materials, labor, and any necessary permits without the need for a home visit or extensive paperwork.

Energy-Efficient Upgrades: With sustainability and energy efficiency becoming increasingly important to homeowners, spring is an opportunity to invest in green upgrades that reduce utility costs and environmental impact. This may include projects such as installing solar panels, switching energy-efficient windows and doors, or replacing outdated HVAC systems with more efficient models. While these upgrades can lead to long-term savings on energy bills, they often require a significant upfront investment.

The Project Plus Home Loan offers homeowners the financial flexibility to fund these projects upfront, with the potential for substantial returns in the form of reduced energy costs and increased home value over time.

Tips for maximizing the benefits of the Project Plus Home Loan

Create A Timeline: Planning ahead involves creating a comprehensive budget and timeline for your project, ensuring you have a clear understanding of the costs involved and a realistic timeframe for completion. This allows you to prioritize expenses, allocate funds efficiently, and avoid overspending or delays. 

Research Contractors: Researching contractors entails finding reputable professionals or DIY resources for your project. Take the time to read reviews, ask for recommendations from friends or family, and request quotes from multiple contractors to compare pricing and services. For DIY projects, utilize online tutorials, instructional videos, and home improvement forums to learn new skills and techniques. 

Do your Research: Exploring cost-saving measures involves identifying opportunities to stretch your budget without compromising quality. This may include negotiating with contractors for better pricing, opting for high-value upgrades with long-term savings, and prioritizing essential improvements over purely cosmetic enhancements. By being strategic and resourceful, you can achieve your home improvement goals while staying within budget.

Apply for a Project Plus Home Loan

Apply online today in under 10 minutes! When completing your application, please specify the purpose of the loan. But remember, unlike other financial institutions offering similar loans, there is no need for a contractor's home visit before loan funding. For any questions, feel free to contact us today.  

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


As spring arrives and homeowners across the country embark on their home improvement projects, our Neighborhood Credit Union Project Plus Home Loan stands ready to support their endeavors. With its streamlined process, flexibility, and competitive rates, the Project Plus Home Loan is the ideal solution for those looking to tackle their projects with ease. Whether you're planning a small renovation or a major overhaul, let our loan empower you to bring your vision to life. Apply today and take the first step towards achieving your dream home this spring! 

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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Skyler has been a Marketing Content Specialist at Neighborhood Credit Union since 2019. 

Who We Are 

As an active part of the community for 93 years, Neighborhood Credit Union is a not-for-profit financial organization serving the state of Texas with branch locations in Collin, Dallas, Denton, Ellis, and Tarrant counties. With assets topping $1 billion, Neighborhood Credit Union has a continuously growing membership of over 60,000. For more information, call (214) 748-9393 or visit our homepage