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Horizon Bank

Fresh Start Loan Program

The Horizon Bank Fresh Start Loan Program is perfect for you if you're ready to start establishing credit or get your credit history back on track.

  • Loan Amounts directly transferred into a Certificate of Deposit for secure payment, establishing your credit and improving your Credit Score
  • Certificate of Deposit Funds available as soon as loan is paid off
  • Your income is verified, but your credit score will not be considered for underwriting1
  • Loan advances available from $1,000 to $10,000
  • Loan terms available from 24 to 60 Months

Note: Your ability to repay determines your actual loan amount. The maximum overall debt you have compared to your income cannot exceed 50%.

1 Before you can qualify for the Fresh Start Progam, we will verify your income, as well as consider your most recent 24-month credit history or other payment history indicators such as utility and phone bills. Your credit score will not be considered.

 

Homeowners Improvement Program

The Horizon Bank Homeowners Improvement Program is perfect for you if you need a home improvement loan but lack the credit history to qualify you for a traditional loan. Through this program, we will use your mortgage on your residence to secure payment for a loan uniquely tailored to your home improvement needs.

  • Mortgage-secured loan with an Affordable Payment Plan1
  • LTV will not be considered in underwriting - copy of tax assessment or beacon will be needed for file
  • Loan Advances available up to $10,000, determined based on your needs and finances2
  • Loan Terms available up to 60 months
  • Unsecured loans also available up to $1,500

1 Before you can qualify for the Homeowners Improvement Program, we will verify your income, as well as consider your most recent 12-month credit history or other payment history indicators such as utility and phone bills. Your credit score will not be considered.

2The maximum overall debt you have compared to your income cannot exceed 50%. Your loan to value, or the value of your loan as a percentage of your home's value, will not be considered in underwriting. You must have been living in your home for at least 12 months. Required documentation includes verification of home ownership, insurance coverage and home improvement affidavit.

 

 

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Horizon Bank