FHA Title One Home Improvement


An FHA Title One Home Improvement Loan from HCU allows you to borrow money for a home improvement project, even if you have no equity.  Room additions, central air conditioning, and garage conversion are just a few example of projects you can finance. FHA Title One Home Improvement loan features:
  • Loan amounts up to $25,000
  • No equity required for most loans
  • Available for any home you own, even rentals
  • Fixed rates
  • Terms up to 10 years

To apply, visit your local HCU branch.  A copy of the application can be viewed here for advanced reference.  Important liability and penalty information is detailed in the required form available here.

  • Loans over $7,500 require on-site inspection when improvements are completed
  • Loans over $7,500 require a mortgage be filed against your home.  This interest may then be tax deductible*
  • Low costs which can be financed in the loan
  • Loan is federally insured
  • Documentation needed:  current pay stubs, proof of ownership of property, and an itemized estimate of work to be performed.
  • The purpose of this loan is to finance property improvements, which substantially protect or improve the basic livability or utility of your property

*Consult your tax advisor

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