Finding FHA Title 1 Loan

by Amanda K.
(St. Louis, Mo. USA)

I am having trouble getting in touch with a lender for the FHA Title 1 Home Improvement Loan. Everyone tells me they don't do that. Please help. I think this is my only option.

Sincerely,
Amanda

======ANSWER======

Hello Amanda,

I really appreciate you coming by my website and asking me this question.

The Title 1 loan is indeed a hard one to find. The lender has to be approved by HUD in order to do this kind of loan.

I assume you are already living in a home and need to do improvements. That is how this loan product works.

Now with that said, in most cases this is a small loan and for most loan officers they just don't want to mess with it. It requires a great deal of paperwork for a small commission.

But you are the customer and you have right to this loan product. It just may take some serious persistence to find one.

I did a little searching for you at the HUD website to try and help you out. Keep in mind these lenders have to be approved by HUD to do Title 1 loans in your area of St Louis MO. Follow this link for Title 1 lenders in St Louis Mo.

I hope you find what you are looking for. I know the results show they are Title 2 lenders, however the search at HUD's website serve these lenders up as Title 1 lenders also. Do not let the fact they are from different states affect you. They are the approved Title 1 lenders for your area.

If you like what you see here at my website, please help spread the word about me to others you may know who need the same kind of help you do. This site is for that very reason and by people visiting my sponsors I earn my living.

You can pay it forward by sharing this information with people you may know using the link at the bottom of this page.

Kind Regards,

Jeffrey Ragan