Here, I am in the precarious position of having to replace my heat pump/air filtration system AND roof at the same time. I don't have the cash to pay for it out of pocket. I'm thinking a home improvement loan might be my best option. The loan rates/terms available through my local credit union are mentioned below. Obviously, the shorter terms are better, but if someone can explain the difference between up to 80% LTV/CLTV and from 80.01% to 100% LTV/CLTV it would be much appreciated. And further, if you have any suggestions for a better approach to paying for everything please let me know. I've already looked into paying with a credit card, borrowing from my 401k, and financing provided by the contractors. Let's see 7 practical steps you can take to get a home improvement loans with bad credit approved . 1. Ability Much Money You Need to Get from Lenders. Figure out which zones of the house need upgrades. Get temporary workers to give you a gauge of what should be don...