FHA Title I Loans

A Title I Smart Improvement Loan is a loan insured by FHA that allows contractors to offer home improvement financing to their customers even though they may not have equity or have limited credit. Features of South Central Bank’s FHA Title I Smart Loan are:

• Low, fixed interest rates based on loan amount and credit scores (not equity)
• Single family loans up to $25,000; multifamily $60,000
• Unsecured loans up to $7,500
• Fast approvals/few loan requirements
• No points or “junk” fees
• No equity required and no appraisals
• Contractors offer the credibility of being an FHA approved contractor.
• Contractors offer bank financing, not high-rate financing from finance companies.
• Owner occupied properties accepted