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FHA Title 1 home improvement lenders

Posted on: 27th Jan, 2010 10:26 am
I'm interested in using the FHA Title 1 for home improvements and the approved lender list that HUD offers is seemingly useless. All of the lenders on the site have been approved to make the loans but when I call they say they aren't. There is one I located but is a great distance from my house. Does the lender have to be from the county I live in? Do you know of any other resource that I could use to locate a participating approved Title 1 lender?

Other things that I've considered besides the Title 1 are secured loans---the interest rates are obnoxious. Home Equity Loan---don't have any. 401K Loan---big monthly payment.

Hopefully you can offer some more insights or options. I appreciate your time!

S.P.
Hi,

It seems the FHA title I lenders list offered by the HUD is not updated. Many things in the mortgage industry have changed in the recent few years and it looks like the lenders you contacted are no longer approved by FHA to offer you the loan. It's not necessary that the lender has to be from the county where you live in. You can take a loan from a lender outside of your county, provided the lender is willing to offer you the loan.
Posted on: 28th Jan, 2010 03:46 am
Check the credit unions listed on the HUD site you searched for your state- those are the few that are willing to lend under the fee cap. If you tell me what state you are in, I can give you a list of the lenders CURRENTLY lending on the FHA Title 1 program. Granted, a very small percentage of those actually licensed... long story.
Posted on: 23rd Jul, 2010 07:16 pm
Domestic Bank out of Rhode Island offers Title 1 loans throughout the country.
Posted on: 23rd Sep, 2010 09:34 am
Does anyone know who is offering Title-One loans in California??
Posted on: 13th Nov, 2010 04:51 pm
I'm looking for a title 1 lender in the state of California
can you help?
Posted on: 16th Aug, 2011 01:19 pm
Hi Donnie/James,

I will suggest both of you to contact the local lenders and check out if they can offer you a title 1 loan. This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out if they can help you with a loan and know what type of rates and terms you might get.
Posted on: 16th Aug, 2011 09:43 pm
Looking for a Title 1 loan lender in Atlanta.or trying to get home improvement loan. no equity in my home.
Posted on: 23rd Feb, 2012 05:37 am
hi ania!

welcome to forums!

unless you have equity in your property, you won't be able to get a refinance or a home equity loan to finance your home improvements. however, if you wish, you can go for a personal loan in order to finance the home improvements.

feel free to ask if you've further queries.

sussane
Posted on: 23rd Feb, 2012 10:43 pm
I am having a difficult time finding a lender in Texas that offers FHA Title I home improvement loans for some energy efficiency upgrades. Any help would be appreciated since I do not have any equity in my home
Posted on: 14th Jan, 2013 11:37 am
Hi Thao,

As far as I know, as a property owner may apply to a bank, mortgage company, savings and loan association, credit union, etc. that is approved to make Title I loans. You can even check out the given page to find some lender for home improvement loans in Texas: http://www.hud.gov/ll/code/llslcrit.cfm .

Thanks
Posted on: 15th Jan, 2013 08:31 pm
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