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FHA Title 1 Loan:
Your Home is Your Castle
Making occasional home improvements is rewarding and wise. You
can get started on those all-important repairs or improvements without
worrying about how much equity you have accrued with a FHA Title
1 Loan. Members can finance 100% of the written estimate and the
associated closing fees up to $25,000 (loan funds do not cover previous
work or work already under construction).
Finance from one to fifteen years period of repayment with a 1/2%
origination fee on ten years and 1% origination fee on fifteen.
A property inspection is required within six months after the loan
is disbursed for all loans over $7,500. Inspection costs $50. Title
search fee $150.
Flexible terms are available. Contact the credit union for the
lastest rates and terms.
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