FHA Title I at a Glance
  • No money down Home Improvement Financing 1 
  • No equity or appraisal required
  • Flexible terms up to 20 years
  • Fixed rates
  • No prepayment penalties
  • 100% upfront funding
  • No seasoning requirements 2
  • Tax deductible interest 3
General Guidelines
  • Middle credit score of 620+
  • Debt-to-income ratio of 45% or lower
  • Bankruptcies discharged 2 years or more

Eligible Properties

  • 1 to 5 family homes and condominiums
  • Owner occupied and non-owner occupied

Interest Rates

  • Risk based pricing based on FICO and term only

1-Lien placed against the property for loans above $7,500. Lien will be in first or second position. 2-Newly constructed homes must have been completed and occupied for a minimum of 90 days. 3-Not intended to be legal or tax advice, please consult your tax advisor or attorney fordetails. All loans are subject to credit approval.



Contact Information
Toll Free: (800) 715-8472
Email: Send Email
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Admirals Bank
15 Park Row West, Providence, RI  02903
Toll Free:  (800) 715-8472
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