New Look Home Improvement Loans

Build your vision on our foundation.

Make your dream reality with a New Look Home Improvement Loan

A home improvement loan works by providing the money you need to maintain, repair or improve your home. With our secured home improvement loan, you can borrow funds using your home as collateral with an up to 100% loan to value (LTV). You can use this type of loan to upgrade your kitchen, repair your roof or complete any home improvement project you’ve been putting off.


  • A specialty loan product designed for low to moderate income borrowers or those who live in low to moderate income areas.
  • Fixed-rate, fixed-term loan*
  • Simple qualification guidelines for a variety of credit backgrounds (600 minimum credit score)
  • Up to 100% LTV
  • Available only for loans on primary residence (rental properties do not qualify)


  • Schedule monthly fixed payments with a final payoff on your last payment.
  • We have alternative credit methods to make qualifying easier for those who have limited or no credit history.

First Merchants Bank is committed to helping you and your household prosper by providing simple qualification guidelines to reach a variety of credit backgrounds. Stop by one of our banking centers to apply for the New Look Home Improvement Loan today.


*Maximum $25,000
Subject to credit approval. Eligibility requirements apply. Product guidelines subject to change. Alternative credit history is allowed for individuals with no credit or less than three trade lines that have at least 12 months payment history. Alternative credit sources must be currently active or active within the last 12 months. Maximum debt to income 47%. Other restrictions may apply. Please see a banker for details.