Home Improvement Loans

HomeHome Improvement Loans

Maintain and Improve Your Home

TRP’s Home Improvement Loan Program allows homeowners throughout Cook County to borrow up to $30,000 at a 4% fixed interest rate for home repairs, home improvements, and energy efficiency-related upgrades.


Home Improvement loan general overview

  • Home improvement loans up to $30,000
  • Low interest rate of 4%
  • Estimated APR 4.459%
  • Financed up to 15 years (dependent on ability to repay), resulting in low monthly payments
  • No equity needed
  • Credit scores of 620 and above
  • Appraisals not typically required
  • Property must be primary residence


Use our Home Improvement Loan for Any Home Renovation Project or Energy-Efficient Repairs

 General Home Improvements

  • New kitchen
  • New roof
  • New siding
  • Central air-conditioning, etc.

Energy Efficiency Improvements

  • Comprehensive air sealing
  • Installing new or increasing insulation
  • Updating to a more efficient furnace or boiler

Home Safety Improvements

  • Correcting dangerous electrical problems
  • Updating hazardous heating systems

Vintage Home Improvements

  • Masonry re-pointing and repair
  • Restoring original wood windows
  • Repairing decorative metal cornices


When you decide to move forward with a home improvement loan, you will need to provide the following documents:        

  • Proof of income for all members who reside in the household. This should include:
  • 2 months of recent pay stubs
  • If Self-Employed, provide 2-year tax returns and Year-to-date profit and losses
  • If income is received from retirement, provide most recent award letter to document your retirement income
  • Benefit letter for SSI, Social Security, pension, unemployment, disability, etc.
  • If a household member does not have any income, including workers compensation, unemployment, etc., please submit a signed and dated written statement from that person attesting that they do not have any income.
  • If a household member is a full-time student over the age of 18, please provide a current semester course schedule showing name and number of credits being taken.
  • Copy of Federal Tax Returns from the last 2 years. If you do not file Federal Tax Returns, please submit a signed and dated written statement attesting that you do not file.
  • Bank Statements from the last 3 months
  • Copy of picture I.D. (e.g., driver’s license)
  • Copy of declarations page of your homeowner’s insurance policy stating current policy period, amount of coverage, and listing of all mortgages against the property
  • Copy of the recorded deed to your home with legal description attached (Schedule A)
  • At the time of loan application, we will need a copy of at least one of the following: Contractor’s Bid, invoices or estimates of work to be completed.


We also offer standard Purchase and Refinancing options.

Click here for more information.


Call us at 312-666-1323 for more information.


TRP Lending, LLC
1805 S. Paulina St.
Chicago, IL 60608
NMLS# 1434425



All loans are originated by TRP Lending, LLC, an Illinois Mortgage Licensee #MB.6761143.


As a certified Community Development Financial Institution (CDFI), we are committed to providing high-quality financial services and resources that increase homeownership within our community. We offer trusted and affordable products that allow individuals to achieve their homeownership goals.