Do It Yourself Loans

Do It Yourself Loans

We provide do it yourself loan choices because no two property owners have actually the needs that are same. With no matter which option is best for your needs, you will enjoy benefits like:

  • 0.25% price discount with automatic re payments from the Frost checking or checking account
  • No pre-payment charges
  • No application charges or yearly fees*

We offer two kinds of do it yourself loans – one that calls for you to definitely make use of your house as collateral and one that does not.

Subject property should be based in Texas.

Home Improvement Loan (Collateral Needed)

This kind of loan has lower interest levels as it utilizes your property as security. It enables you to borrow for larger jobs that cost more.

AMOUNT/TERM/LTV (LOAN TO VALUE) APR (APR)
$2,000 or greater (second Lien) / 15 years / 90% LTV 5.49per cent
$2,000 or greater (2nd Lien) / 20 years / 90% LTV 5.74%
$2,000 – $20,000 (second Lien) / 15 years / 90.01% to 100per cent LTV 5.99percent

Payment Example: that loan of $50,000 for 15 years at an interest that is simple of 5.49% would yield a payment level of $408.28 every month† and a yearly portion price (APR) of 5.49per cent.

Simply How Much Could I Borrow?

100% of your property enhancement costs may be financed in the event that home loan stability in addition to the home improvements do not meet or exceed 90% for the market value of the home.

Home Improvement Loan (No Collateral Needed)

This particular do it yourself loan enables you to borrow without the need for your property as security. And, you could do all the ongoing work yourself since a specialist is not needed. This loan enables you to borrow the thing you need from $500 up to $10,000, for a price that is typically less than pay day loans or charge cards.

AMOUNT/TERM ANNUAL PORTION RATE (APR)
$500 – $10,000/Up to five years 9.99%

Payment Example: that loan of $2,000 for five years at mortgage loan of 9.99per cent would produce a payment quantity of $42.48 each month† as well as a percentage that is annual (APR) of 9.99per cent. *There is. 25% origination cost on do it yourself Loans surpassing $250,000. ? Read more