Home Improvement Loan - Mascoma Bank

Home Improvement Loan

Interior shot of newly renovated kitchen with marble counters and stainless steel appliances

Improving Your Greatest Asset

Thinking of updating your kitchen or bathroom? Adding a deck or replacing windows? Mascoma Bank can help with the Home Improvement Loan. Borrow up to $25,000 to improve your home, increasing its value while increasing your own comfort. It’s the perfect time to make some changes!


Home Improvement Loan features:

  • Loans up to $25,000 (no down payment required).
  • Your home is not used as collateral.
  • Loan decisions made within 24 hours and distribution of funds often within 48 hours.
  • 10 year loan with an interest rate of 9.49 %* (rate subject to change without notice).
    • Example: A $10,000 loan at 9.49% for 10 years would result in Principal & Interest payments of $129.34 per month.

Home Improvement Loans

Rate APR Payment per $1000 Financed Max Term

Rates effective October 16, 2023
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice


Home Improvements Requirements:

  • Customer should have a quote/estimate, or materials price list.
  • Primary residence, second homes, and 1-4 family investment properties
  • Customer must meet standard underwriting guidelines.