Home sweeter home.

With a mortgage + home improvement loan.

Ask Us How

Afford a home purchase…
plus improvements!

How it works

Let’s say you find a fixer-upper that you love. It’s a steal at just $400,000 because some essential part of the home needs to be renovated. Maybe it will cost an extra $30,000 to update the kitchen and install draft-free windows, but all your savings are earmarked for your down payment and closing costs.

If you don’t have the extra money to tackle home improvements in advance, Purchase Plus Improvements (PPI) can fund your renovations upfront!

Start by securing a PPI-qualifying mortgage from Osoyoos Credit Union. You can qualify with a down payment of as little as 5% of the home’s purchase ($400,000) plus renovation costs ($30,000). In this case, that would be a down payment of $21,500.

Your renovation costs are disbursed once the work is complete, and repayment is included in your manageable, monthly mortgage payments!

Simply put, this is an easy, affordable and efficient way to turn that fixer upper into a head turner and get the home you want, sooner!

Essential Home Improvements

How would you transform that “DIY special” into your dream house? These high-impact renovations, retrofits and upgrades will increase your home’s comfort and style. In some cases, they may add value and lower carrying costs via lower utility bills, too!

 Flooring upgrades

 Kitchen renovation

Bath renovation

New windows & doors

Finished basement

Roof replacement

Family room makeover

Energy-efficient upgrades

Boost comfort & Style Add value Save Energy

Flexible & Easy Home Improvement Financing

Your home is one of the biggest investments you’ll ever make, so finding the best home improvement loan or mortgage that suits your needs is essential. 

Here are a few other easy and flexible home improvement financing options to choose from:

  • Home Equity Loans
  • Line of Credit
  • Mortgage Refinancing

The type of financing you’ll want to choose for your project has a lot to do with the type and cost of the renovations you are doing. Your OCU financial advisor can help you find the financing solution that’s right for you!

Start your home renovations.

Talk to an advisor.

Osoyoos Credit Union has been providing a variety of mortgage plans to its members for seventy-five years. These include open and closed mortgages, variable or fixed rates, with a variety of terms and amortizations.

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