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Guidelines for FHA Home Improvement
Loans (Purchase or Refinance)
The Federal Housing Administration (FHA),
which is part of the Department
of Housing and Urban Development
(HUD), administers various single
family mortgage insurance programs.
These programs operate through
FHA-approved lending institutions
which submit applications to
have the property appraised
and have the buyer's credit
approved. These lenders fund
the mortgage loans which the
Department insures. HUD does
not make direct loans to help
people buy homes.
The Section 203(k) program
is the Department's primary
program for the rehabilitation
and repair of single family
properties. As such, it is an
important tool for community
and neighborhood revitalization
and for expanding homeownership
opportunities.
Since these are
the primary goals of HUD, the
Department believes that
Section
203(k) is an important
program and we intend to continue
to strongly support the program
and the lenders that participate
in it.
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FHA Loan Information
The FHA does
not lend money. The FHA
(Federal Housing Administration)
is part of HUD &
backs individual Approved
Lenders.
Note:
We are not affiliated with the
Federal Housing Administration,
the Department of Housing and
Urban Development, or any other
government agency. We are an
FHA Educational Resource.
Our goal is to help you
find the best FHA Approved
Lender who can help you
secure home financing.
When you
fill in our short application
we will provide your information
to one, (and only one!)
FHA Approved Lender
who can help you based upon
many factors, including your
Credit Score, your
State Location, and the
Type of Loan you apply
for........
Read
more
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