Posted on: 11th Aug, 2009 09:31 am
I have a FHA Loan (Gennie Mae). I need to have a slab and garage build. Can I apply for a title 1 loan to have this work done.
Hi,
You can apply for a title 1 loan to make improvements to your home. This type of loan is ideal to do light or moderate rehabilitation of your home. What's your credit score? You need to have at least 620 points in order to qualify for the loan. The maximum loan amount you can avail is $25,000 to improve a single family home.
You can apply for a title 1 loan to make improvements to your home. This type of loan is ideal to do light or moderate rehabilitation of your home. What's your credit score? You need to have at least 620 points in order to qualify for the loan. The maximum loan amount you can avail is $25,000 to improve a single family home.
my score should be around 620 or better
yeah u apply for this loan..............