Lenexa and Community America Credit Union have partnered to create the new low-interest home-equity loan program. Any Lenexa resident who owns and occupies a home is eligible for a 10-year fixed-rate home-equity program, depending on credit history.
Residents may be eligible for loans from $5,000-$30,000 for exterior improvements or interior remodeling projects. Real estate taxes must be current, adequate homeowner’s insurance must be in effect, and improvements must conform to city and other applicable building codes.
Lenexa is supporting a 2-percent buy down for residents who live in the neighborhood revitalization district and meet program criteria. One of the criteria for qualification for the reduced interest rate is that the home must have a tax appraised value of less than $250,000. There are a limited number of two percent buy downs and are available on a first-come, first-served basis.
How to apply
To apply for a low-interest loan, or for more information about this program and rates, call Ryan Ash at CommunityAmerica Credit Union at 913.905.8437.