TLC Community Home > Loan Products > Other Home Loans

Construction Loans

Construction loans are available to members who want to build their own home. A construction loan helps you pay for the work being done while your house is being built. When construction is finished, the loan can roll into a TLC First Mortgage. TLC does not finance owner built projects; however, you may act as your own general contractor.

Second Home-Loans

You’ve lived your life well and are ready to invest in a vacation home. Second home loans give you the same great rates as traditional first mortgages. The lending area is anywhere in Michigan and you can choose from many different mortgage programs. 

Home Improvement Loans

Home improvement loans are used most often for needed repairs. Use a home improvement loan to remodel a bathroom, or put on a porch.  The amount you borrow is less than what you could borrow with a standard home equity, however it has a quicker repayment period. 

Second Mortgages 

Second mortgages are additional loans placed on property already mortgaged. The first mortgage can be through TLC or another financial institution. A second mortgage may be used for a variety of purposes such as debt consolidation, educational purposes, or home improvements.

Protect your investment in your home by taking care of those needed repairs or bills right now.  Our low loan rates make it affordable.  Depending on your situation, the interest may be tax deductible (consult your tax advisor). For additional information, call or stop by the TLC office near you.

Great Tax Benefit

Interest paid on a mortgage or home equity may be tax deductible.  Consult with your tax attorney or preparer regarding specific rules and regulations on eligibility.

I'd like more information on these services...