There are no equity requirements for our FHA Title I Home Improvement Loan program. It was designed to allow homeowners a safe, affordable and flexible option to improve the value of their home through renovations.
Frequently Asked Questions
What if I don't have equity in my home?
Can we use it for any home improvement?
Just about. Out-and-out luxuries (like a built-in swimming pool) aren't allowed. But just about anything else is.
- Upgrade an existing bathroom
- Add a bathroom
- Finish an attic or basement
- Install dormers
- Build an addition
- Install a walkway or driveway
- Build a carport or garage
- Enclose a porch
- Install replacement windows
- Add hardwood floors
- Refinish existing floors
- Install new siding
- Repair or replace a roof
- Install central air conditioning
- Install central vacuum cleaning
- Replace a heating system
- Upgrade electrical wiring
- Remodel the kitchen
Is this loan tax-deductible?
Current tax law treats this loan just like a home mortgage loan. Interest charges may be 100% tax-deductible (consult your tax advisor)
Must the work be completed before we get the loan?
No. You get all your money before you start the work.
How to Apply
We make it easy to get started. Learn about your options now.
Still have questions?
Call to speak with a qualified home improvement lending Business Development Officer.
1-800-715-8472
