The FHA Home Improvement Loan makes
it easier for consumers to obtain affordable
home improvement loans by allowing loans up
to $25,000 without any equity in the home.
In other words, the loan can exceed the
value of the home.
The FHA Home Improvement Loan program
insures loans to finance the light or
moderate rehabilitation of properties, as
well as the construction of nonresidential
buildings on the property. This program may
be used to insure such loans for up to 20
years on either single- or multifamily
properties. The maximum loan amount is
$25,000 for improving a single-family home
or for improving or building a
For improving a multifamily structure, the
maximum loan amount is $12,000 per family
unit, not to exceed a total of $60,000 for
the structure. These are fixed-rate loans.
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
FHA Home Improvement loans may be
used to finance permanent property
improvements that protect or improve the
basic livability or utility of the
property--including manufactured homes,
single-family and multifamily homes,
nonresidential structures, and the
preservation of historic homes. The loans
can also be used for fire safety equipment.
When you are a homeowner it seems there is
always something that needs repair or
improvement. Our low-interest FHA Home
Improvement loan can finally make those
improvements you've been dreaming about for
years affordable. See our rate page for
current information and then use the loan
calculator feature to figure your monthly
payment. You'll be sorry you waited so long!
Make your home your castle again with our
FHA Home Improvement Loan. Eligible uses
of funds include landscaping, installing air
conditioning systems, new furnaces, new
rooms, carpeting and more.