Turn the house you like into the home you love.

Dream of making home renovations but have little equity? We use the appraised future value of your home to get you the loan you need.

  • Guaranteed, non-variable, fixed rate for the first 5 years
  • After the fifth year, the rate may change annually and is based on the Constant Maturity Treasury index (CMT) as published in the Wall Street Journal CMT plus a 3.00% margin
  • Your rate will never increase more than 6% over your initial rate and cannot increase more than 2% per year
  • Take up to 20 years to repay your loan with no prepayment penalties
  • We lend on primary residences in the state of lllinois
  • Borrow up to 90% of the future value of your home after renovations2skip to disclosure, with loans from $25,000 - $200,000

Today's Future Value Rates

Rates as low as:



APR1skip to disclosure

Construction project

How does it work?

We use an appraiser to determine what the value of your home will be after renovations, so that you’re able to borrow the money (up to 90% loan-to-value2skip to disclosure) that you need to complete the work now. Future Value may be right for you if you want to:

  • Transform a fixer upper into your dream home.
  • Build additional space for your growing family.
  • Add comfort and value to your home.
  • Time frame from construction to complete: 12 months.

Fee transparency

We don't charge an annual fee. Plus, with no prepayment penalties, you can feel comfortable paying off your loan early.

Future Value Home Equity Loan Fees
Application & Processing Fee3skip to disclosure$395
Prepayment Penalties$0
Closing FeeVaries by county
Annual Fee$0
Appraisal Fee$325-$555
Title Fees$685

Get help with Future Value Home Equity Loans.

Unlike a construction loan which is used to finance building a home from the ground up, a Future Value Home Equity loan is used to make renovations to an existing property. To qualify for a Future Value Home Equity Loan, we appraise what the home’s future value will be after renovations. This way, members who have very little equity in their home can use this loan to make renovations.

Please note that DuPage Credit Union does not finance construction loans.

With a Future Value Home Equity Loan, we use an appraiser to determine what the value of your home will be after renovations, so that you’re able to borrow the money you need now to complete them—all the while having the security of a low fixed rate, guaranteed for the first 5 years.

Future Value Home Equity Loans have a repayment term of 20 years with no prepayment penalties. So, you can feel comfortable with paying your loan off early.

With a Future Value Home Equity Loan, you can use the future value equity of your home—after projected renovations—to pay for home repairs now.

Apply online or give us a call.

  • Homeowners insurance required.

  • Single-Family dwellings only in Illinois.

  • No 2-4 family units or condos accepted.

  • We lend in DuPage, Cook, Kane, Kendall, Lake, Will and McHenry Counties on primary residence.

  • Consult a tax advisor regarding deductibility of interest.

  • Must have a Credit Union membership established and be in good standing.

  • Other restrictions may apply.

  • Future Value Home Equity APR = Annual Percentage Rate. 20 year 5/1 ARM: Adjustable Rate Payment Example based on a loan amount of $50,000: 5/1 adjustable rate with a 6.990% APR, the first 60 payments are $387.35, with 12 payments at $437.11 if the rate were to adjust to 8.99%, 12 payments at $487.18 if the rate were to adjust to 10.99%, 12 payments at $537.10 if the rate were to adjust to 12.99%. Payment example does not include taxes or insurance premiums and actual payment may be greater. Minimum loan amount $25,000; maximum $200,000.

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  • Qualified Members can borrow up to 90% of the future market value of their home, less the first mortgage owed.

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  • Application fee of $295 is only fee due prior to ordering appraisal. $100 processing fee is due at closing. Closing, Appraisal and Title fees will vary by county.

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