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Homeowner Express Loan
Get funds for your home improvement projects at a fixed rate with no collateral
Call us at 800-341-9911 or visit an office
Royal’s Homeowner Express loan helps Wisconsin & Minnesota homeowners get funds for home improvement projects like a new roof, furnace, flooring, furniture, driveway, and more!
- Homeowner Express loans don’t require any collateral, so you don’t need to borrow against your home’s equity.
- Loans are limited to a maximum amount of $35,000 and a maximum loan term of 6 years.
- Rates are fixed and determined by credit score.
- Must be a homeowner or pay lot rent on a mobile home to qualify.
Because of these simpler borrowing rules, most Homeowner Express loan applications will receive fast, same-day decisions and have approved funds deposited to your account as soon as the next business day!
The Homeowner Express loan features fixed rates, eliminating the risk of a payment increase due to market changes and giving you confidence that your monthly payment will remain the same for the life of the loan.
How is the Homeowner Express loan different from a Home Equity Line of Credit?
| HELOC | Homeowner Express | |
|---|---|---|
| Collateral | Uses home as collateral | No collateral needed |
| Processing Time | 30–40 days from day of application to availability of funds | Same day decisions with funds available either same day or next business day |
| Uses | Anything | Home improvements |
| Repayment Period | 15 years | Up to 6 years |
| Rate | Variable rate | Fixed rate |
| Loan Amount | Your home's available equity | Max of $35,000 |
Homeowner Express Rates
Borrowing limits apply to unsecured loans: $700 or lower loan amount cannot exceed 37 months and $700.01-$1,400 loan amount cannot exceed 49 months.
Frequently Asked Questions
Royal's Homeowner Express loan helps homeowners get funds for home improvement projects like a new roof, furnace, flooring, furniture, driveway, and more. It offers fixed rates with no collateral required, so you don't need to borrow against your home's equity. It's a simple, fast way to finance improvements to your home.
Royal’s Homeowner Express loans are limited to a maximum amount of $35,000 and a maximum loan term of 6 years.
Homeowner Express Loan rates are fixed, eliminating the risk of a payment increase due to market changes. Your monthly payment will remain the same for the life of the loan which makes budgeting for your home improvement project predictable and straightforward.
Because of simpler borrowing rules, most Homeowner Express loan applications will receive fast, same-day decisions and have approved funds deposited to your account as soon as the next business day. This makes it one of Royal's fastest loan options for homeowners.
You must be a homeowner or pay lot rent on a mobile home to qualify. Rates are determined by credit score, and the loan is subject to credit approval. Royal Credit Union Membership is also required upon qualification.
Royal’s Homeowner Express loan does not require collateral, so you don't need to borrow against your home's equity. It offers a fixed rate and a maximum loan amount of $35,000 with terms up to 6 years. Royal’s home equity line of credit uses your home as collateral, typically allowing you to borrow larger amounts, and usually has a variable rate. The Homeowner Express loan is ideal for smaller projects where you want a fast decision and a predictable payment without tapping into your home's equity.
How To Get Started
We offer many easy ways to open an account with Royal Credit Union
Apply Online Now
Complete our easy online application and get a decision fast.
Visit An Office
Instead of applying online, schedule an appointment at an office to apply.
Need Help?
If you have questions or need help, call our lending team at 800-341-9911 or visit our contact page.
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