FHA Title 1 Loan
Looking to Renovate your home, make repairs, or build an outdoor structure but have no equity in your home? Our FHA Title 1 Loan1 is a great option for you! Most projects and property types qualify!
What is an FHA Title 1 Loan?
The FHA Title 1 Loan is specifically allocated toward home improvement projects. An FHA Title I Loan is a fixed rate loan of up to $25,000 for a single-family home, and up to $12,000 per unit2. All FHA Title I Loans are insured by the Federal Housing Association (FHA) and are backed by the U.S. Department of Housing and Urban Development (HUD). Title I loans do not require a down payment or any home equity.
Why Shoreham Bank?
Our Loan officers are dedicated to making your dream home a reality! We are a nationwide lender of the FHA Title 1 Loan and are ready to assist you through the process of improving your home. Get started today by contacting one of our Loan Officers!
Need More Funding?
Advantage Loan
Need a larger project financed? Use the Advantage loan in Conjunction with the FHA Title 1 Loan!
Project Specific Advantage Loan
Need a Pole Barn, Metal Building, or Garage? Add the Project Specific Advantage Loan in conjunction with the FHA Title 1 Loan to cover the costs!
Get in touch with one of our experienced loan officers today to see if our FHA Title 1 loans are right for you!
1. New residential structures must have been completed and occupied for a minimum of 90 days. Subject to credit approval.
2. $12,000 Per unit, up to 5 units for a multi-family home.