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Home Improvements:
No to low fee structure
No escrowing of tax and insurance
No loans sold to secondary market
In-house underwriting
Low documentation requirements
Quick approval process
Features of Home Improvements Loans
Max loan advance is 90% loan to value
Loans made for tangible improvements to homestead
Terms are similar to those involving other homestead loan products
For application or more information, call our Real Estate Department at 361-986-4500 or 800-622-331, option 3 or click
here
.
To process a Home Improvement loan, the following documents are required:
Completed application including assets and liabilities
Income verification: current and previous Yr. (W-2, Tax return)
Copy of deed of trust on property to be improved
Copy of property insurance policy
Contractors proposal for work to be done
Tax appraisal statement for valuation purposes
Mortgage holder(s) name(s) and lien balances
Payment
Calculator
Amortization
Calculator
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