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.
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.