Purchase and Improvement Loan

Buy it good. Make it great. All under one mortgage loan.
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The Purchase + Improvement loan allows you to buy a house and then make the improvements with one mortgage loan.  Simply submit bids for your improvements at the time of the loan application, and Capitol Federal® will appraise the house taking your bids for improvements into consideration.  This allows you to borrow for your improvements now by taking advantage of the higher home value.

Purchase + Improvement Highlights:

  • One loan for both the purchase and improvements
  • Lower monthly payments than a Home Equity Line of Credit

A Purchase + Improvement Loan works like this:

Purchase + Improvement Loan table example

Protect Your Home with Customized Insurance Coverage

Protecting your home, your biggest investment, requires tailored coverage. Randomly chosen coverage amounts can lead to disastrous outcomes. We help you determine rebuilding costs, replace belongings, and safeguard against liability lawsuits. Get personalized insurance for your home, apartment, condo, or rental property, ensuring comprehensive protection for your property and loved ones.

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Refinance with Improvements

Ready. Set. Renovate.

The Refinance + Improvement loan allows you to refinance your current home with Capitol Federal® and then make home improvements with one mortgage loan. Simply submit bids for your home improvements at the time of the refinance application, and the appraiser will take the proposed improvements or repairs into consideration.

  • One loan for both the refinance and improvements
  • Loan amount is based on the home value after improvements or repairs are made; 
  • Lower monthly payments than a home equity line of credit
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Convenient Automatic Payment Option

Simplify your mortgage with Capitol Federal’s Automatic Payment Option (pre-authorized payments). Enroll once, choose your payment date, and enjoy worry-free, on-time payments from your checking account—no checks, no postage, no missed due dates.
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