Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,877,447 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Title I loan

    0.01 sec.
Title I (one) loan

A HUD loan insurance program for light to moderate home improvement loans up to $25,000 for single-family residences,and up to $12,000 per unit,with a total cap of $60,000,for multifamily properties.The loans may be repaid over 20 years at market interest rates.This is not a subsidized-interest program, although some local communities do offer interest subsidies in connection with Title I loans.Eligible borrowers include owners,purchasers under a contract for sale,or tenants with at least 6 months left on their lease.[Do not confuse with HUD's 203(k) loan,also called a HUD rehabilitation and repair loan.]



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
In 1998, Fannie Mae began noticing problems with the Title I loan program nationwide and decided to review First Beneficial's loan portfolio.
The second type of loan, the FHA Title I loan, is part of a US Government sponsored program intended to enable homeowners to improve their properties, even when they have little or no equity in their homes.
The repayment for the FHA Title I loan can be as long as a 20 year term, as long as the home-owner has kept their credit in good standing, recently.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.