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Renovate. Repair. Refresh.

Home Improvement Loans

Whether you're remodeling a kitchen, updating your home, financing repairs, or buying a fixer-upper, Horizon Bank offers home improvement loan options to help bring your vision to life. Our local experts will help you find the right financing for your project.

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Explore Home Improvement Loan Options

Whether you're financing renovations to your current home, purchasing a home that needs updates, or exploring affordable homeownership programs, Horizon Bank offers a variety of financing solutions to help bring your project to life. Explore the options below to find the program that's right for you.

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Homeowner Ready Cash Program

The Homeowner Ready Cash Program offers affordable financing to help you complete home repairs and improvement projects with predictable monthly payments and support from local lending experts.

Finance repairs and renovations
Predictable monthly payments
Local mortgage expertise

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Homeowner's Improvement Loan¹

A Homeowner’s Improvement Loan may be a good option if you:

need a home improvement loan but do not have enough credit history for a traditional loan
have non-traditional credit
are looking for affordable payment options
have a debt-to-income ratio of 55% or less

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HomeStyle Renovation Mortgage

Bring your vision to life with a mortgage that helps you finance both your home and eligible renovations in one convenient loan.

Finance your home purchase or refinance, and eligible renovations with one loan
Enjoy one monthly payment and one closing
Increase your home's comfort, functionality, and potential value.

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HomePride Plus Loans

Benefits of a HomePride Plus Loan:

Up to $6,500 Horizon Bank down payment assistance towards closing costs and down payment funds for qualified applicants.²
Down payment can be from a gift, down-payment assistance program, or borrowers' own funds.
No private mortgage insurance (PMI) requirement.
Participate in the Fannie Mae HomeView® course to prepare for sustainable homeownership.

Option for those who:

Have no other property ownership at the time of closing.
Are purchasing a home in a designated low-to-moderate-income area.
Have reported income of 80% or less of the HUD Area Median Income.
Have a minimum credit score of 600.
Have non-traditional credit.
Have a minimum of $500 of own funds.

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low down payment loan options

HomeReady® Mortgages

The HomeReady® Mortgage is a Fannie Mae conventional loan designed to help eligible low- to moderate-income homebuyers achieve homeownership with flexible qualifying options and as little as 3% down. With expanded eligibility, support for non-traditional credit, and the ability to combine down payment assistance programs, HomeReady makes buying a home more affordable.

Take the Fannie Mae HomeView™ course to prepare for sustainable homewownership.

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Homeownership Opportunity Program (HOP)

The Homeownership Opportunities Program (HOP) is a grant to help first-time homebuyers with down payments and closing cost assistance. Since these funds are available through this grant program, it may make them fully forgiven! No interest accrues, and there are no payments to make on the grant.

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Michigan State Housing Development Authority Grant (MSHDA)

Eligible homebuyers may qualify for up to $10,000 in down payment assistance through MSHDA for closing costs and other eligible expenses. The loan has 9% interest and no monthly payment, subject to terms and conditions.

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Why Finance Your Home with Horizon Bank?

Whether you're buying a home, tapping into your home's equity, or financing improvements, Horizon Bank is here to help every step of the way. Our experienced mortgage advisors provide personalized guidance, competitive loan options, and a straightforward lending process designed to help you achieve your homeownership goals with confidence.

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Home Improvement Loans