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FHA Title I Home Improvement Loans are a U.S. Government program to help borrowers rehabilitate or improve their homes just like traditional home improvement loans.

This program is available through approved lenders, usually banks. Certain types of improvements such as swimming pools and barbecue pits identified as luxury items are not allowed under the Title I program. With Title I loans, the borrower is not required to have any equity in the home for collateral. The repayment period can be as long as 20 years and borrowers can have had past credit problems providing they have demonstrated recent acceptable credit.

With loan requests under $7,500, the lender does not take a lien on the home. These requirements are less stringent than traditional home improvement loans and make it easier for more home owners to participate. Interest paid is tax deductible.

Keywords: Home Improvement