The City of Prairie Village, the Mid-America Regional Council’s First Suburbs Coalition and CommunityAmerica Credit Union have partnered to provide low-interest, fixed-rate home equity loans designed to fund the remodeling and modernization of qualified homes in Prairie Village and other inner ring of suburbs — the “First Suburbs.”
Loans provided through the program offer “fixed - interest rates” as low as 6.49% APR, with terms of 10 years or less and loan amounts up to $30,000.*
So go ahead, let your mind drift to that kitchen you've always wanted, the new master suite, the deck surrounded by lush landscaping, or even that extra bathroom that will add durability convenience and value to your home. Your dream home is closer than you think!
If you're looking for remodeling ideas, check out the First Suburbs Coalition’s Idea Book. It contains plans, drawings and suggestions for the best ways to make your home in the first suburbs as attractive, comfortable and valuable as possible.
If you’re interested in applying or have questions regarding the lending process, please contact CommunityAmerica at 913-905-6629. Funds are limited so apply now!
*APR=Annual Percentage Rate. Rates are subject to change with Prime and are based on applicant credit. Actual rate may vary. Minimum loan amount $5,000, maximum loan amount capped at $30,000. Tax assessed value of home may not exceed $200,000. Minimum and maximum loan amounts, and tax assessed value restriction set by First Suburbs Coalition. Applicant pays for mortgage tax (in KS $2.60 per $1,000). Homeowners insurance required. **Consult your tax advisor regarding deductibility of interest.
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