To make non-luxury renovations and repairs to your home, a Title 1
loan is used. This type of loan is given by your lender and is insured by the FHA. It offers
a reasonable interest rate for the homeowner and also a manageable repayment
schedule. The availability of this is limited only for loans that are between
$5,000 and $20,000. If the loan amounts to less than $7,500 there is no lien
that is recorded against the title. For more information, seek out your lender. The title 1 loan will enable you to have mini repairs and renovations in your home while avoiding a lien on the property. There are major possibilities that are in reach because of the HUD
and the FHA. There are great loans available to help any buyer. Contact your Tampa Realtor for more information.