Property Improvement Loan Insurance
Program Description
The Federal Housing Administration (FHA) makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements. Lending institutions make loans from their own funds to eligible borrowers to finance these improvements.General Program Requirements
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 installment contract.Loan Terms
Please contact an FHA-approved lender for loan term information. To find an FHA-approved lender, visit:http://www.hud.gov/ll/code/llslcrit.cfm