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Property Improvement Loan Insurance (HUD/FHA)

Loan/Loan Repayment > Property Improvement Loan Insurance (HUD/FHA)

 

Program Description:

The Federal Housing Administration (FHA) makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements. This is one of HUD's most frequently used loan insurance products--by the end of fiscal year (FY) 1996, it had insured almost 35 million loans totaling $43.6 billion.

 

General Program Requirements:

Eligible borrowers include the owner of the property to be improved, the person leasing the property (provided that the lease will extend at least 6 months beyond the date when the loan must be repaid), or someone purchasing the property under a land installment contract.

 

Status

Active

 

Loan Terms:

Please contact an FHA-approved lender for loan term information. To find an FHA-approved lender, visit:
http://portal.hud.gov/portal/page?_pageid=73,1827603&_dad=portal&_sche...

 

Application Process:

For more information, see the Program Contact Information below.

 

Program Contact Information:

Contact HUD at 800-767-7468 for a program brochure #2651 and list of lenders.

For more information about this program, please visit:
http://www.hud.gov/offices/hsg/sfh/title/title-i.cfm

 

Managing Agency:

U.S. Department of Housing and Urban Development
http://www.hud.gov/




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