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Property Improvement Loan Insurance

undefined Property Improvement Loan Insurance?


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. Lending institutions make loans from their own funds to eligible borrowers to finance these improvements.

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. Lending institutions make loans from their own funds to eligible borrowers to finance these improvements.

undefined Property Improvement Loan Insurance?


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.

undefined Property Improvement Loan Insurance?


Please contact an FHA-approved lender for loan term information. To find an FHA-approved lender, visit:
http://www.hud.gov/ll/code/llslcrit.cfm

20 years
Market
$25,000 for one property, up to $60,000 for multiple units
Monthly
Not permitted
Varies

undefined Property Improvement Loan Insurance?


To obtain an FHA insured mortgage, contact an FHA-approved lender.


To read more about this program, go to the program information website.

To contact a HUD Housing Counseling agency, search for an agency on the HUD website.

To contact the Federal Housing Administration (FHA), please use one of the following methods:

Visit:
The FHA Resource Center

Write to:
U.S. Department of Housing and Urban Development
Federal Housing Administration
451 Seventh St., SW
Washington, D.C. 20410

Call:
1-800-CALL-FHA (1-800-225-5342) or via Federal Information Relay Service (w/TTY): 1-800-877-8339

Email:
answers@hud.gov