Admirals Bank Home Improvement Lending
FHA TITLE-ONE – Home Improvement Loan
Admirals Bank offers a number of specialty products, but none as unique as the FHA Title-One Home Improvement Loan. This program gives homeowners an opportunity to quickly and affordably finance home repairs and improvements. Why Choose the FHA Title-One Home Improvement Loan?
Through the FHA Title-One Home Improvement Loan program, HUD insures Admirals Bank to finance eligible borrowers with its own funds. There is no equity requirement, and no appraisal is necessary. This allows Admirals Bank to finance your home improvement project faster than most lenders.
The FHA Title-One Home Improvement Loan program offers many benefits not available through traditional financing options.
- Loan decisions within 24-48 hours
- No equity required
- No appraisal necessary
- Obtain up to $25,000 for a single-family home or up to $12,000 per unit (max $60,000) for a multi-family property
- Low fixed rates
- Flexible payment terms of up to twenty years with no prepayment penalties
- Interest may be tax-deductible*
15 Park Row West
Providence, RI 02903
NMLS Registry ID: 774611
About Admirals Bank
As the largest direct lender of FHA Title-One Home Improvement Loans, Admirals Bank is a superior financial resource. With an entire department dedicated to funding and servicing FHA Title-One Home Improvement Loans, we guarantee you will always receive fast, responsive service. Admirals Bank is an FDIC insured, Federal Savings Bank. We are an Equal Housing Lender that has serviced the community for over fifty years.
How do we know we qualify?
Call us at 1-800-715-8472 to prequalify right over the phone. Ask for the FHA Title-One Dept.
How much can we borrow?
Up to $25,000 for a single-family home or up to $12,000 per unit (up to $60,000 for a five-unit property).
Do we need a contractor?
You can be your own contractor, sub-contract what you can’t handle yourself or even do the whole job yourself… just make sure you comply with local building laws.
Is this loan tax deductible?
Interest may be tax-deductible (consult your tax advisor*).
Must the work be completed before we get the loan?
No. You get all your money before you start the work.
Is this a good time to start?
We can’t answer that until we talk to you. So call the Admirals Bank FHA Title-One Department today at 1-800-715-8472.