Property Improvement Loan Insurance

Federal Housing Administration (FHA) in Housing
December 19, 2018

Overview

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.

Administration

Property Improvement Loan Insurance is administered by Federal Housing Administration (FHA).

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.

Application Details

To obtain an FHA insured mortgage, contact an FHA-approved lender at:
http://www.hud.gov/ll/code/llslcrit.cfm

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