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.
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