Market Trends Favor Home Improvement
Despite its many advantages, FHA Title I is a little-known and often overlooked borrowing option for homeowners.
Unlike conventional home improvement loans, FHA Title I is available to homeowners with no equity, no money down, and no appraisal. They may borrow up to $25,000 for home improvements and the interest is tax-deductible.
Several factors are aligning to make FHA Title I an attractive addition to your suite of loan products. Housing stocks are aging, and real estate values in many areas remain below peak, which means a large population of homeowners still have little or no equity in their properties.
These homeowners are ideal candidates for FHA Title I since no equity, appraisal or down payment is required.