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:

• NO DISCOUNT FEES PAID BY CONTRACTOR
• 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 and secured up to $60,000.
• 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.
• LOW INTEREST RATES compared to credit card rates
• Owner occupied properties accepted