Using a home equity loan for home improvements
Using a home equity loan for home improvements may offer several benefits. Here's how to get the most out of your home equity for home improvement projects.
Fund one big project or several small ones with a home equity loan starting at $35,000.
Our 100% U.S.-based customer service team is ready to help you get started.
Apply today to start your home improvement financing with $0 cash due at closing.
Ready to start planning?
If you have enough equity in your home, and you’ve been dreaming about improving your property, consider applying for a low, fixed-rate home equity loan or cash out refinance with no charges at closing.
Remodel or upgrade with a fixed-rate loan
Add to Your Space
A new home equity loan may help you boost your square footage, repurpose your basement, or build that shed.
Improve a Room or Two
With a low rate and monthly payment, you could add a home office, dream kitchen, or main bedroom suite.
Increase Your Green
Add sustainable materials, install energy-efficient appliances, and save some green because there are no costs required at closing.
Compare a home equity loan to a personal loan from Discover to help decide what works best for your home improvement projects.
Run the numbers with our calculators
Explore potential loan options.
Estimate your monthly payment.
Check out home improvement resources
Find your low,
fixed rate
Use our Monthly Payment Calculator to find a rate and payment that fit your budget.
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Start your application online or give us a call.
Discover Home Loans Restrictions and Details
We do not lend in IA or MD. You are not guaranteed approval. Once you apply and submit your credit and property information, we will confirm your eligibility. We don’t lend on cooperatives, condotels, investment properties, log homes, manufactured homes, mobile homes, or secondary homes. We will only originate one 1st lien mortgage per property per 12-month period. The maximum loan amount you qualify for will depend on additional factors, including type of loan, lien position, loan-to-value and your credit history. We may change rates, program terms, and conditions without notice. Discover Card accounts may not be paid off with this home loan. All loan programs are offered by Discover Bank, 2500 Lake Cook Road, Riverwoods, IL 60015. NMLS ID 684042.
Loan Payment Example Disclosure
For example, if you borrowed $60,000 for a 20 year term at 8.86% APR, your fixed monthly payments would be $534.45.
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