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Under Title I, HUD insures lenders against most losses on home improvement loans.

Given by a lender and insured by the FHA, a Title I loan is used to make non-luxury renovations and repairs to a home. It offers a manageable interest rate and repayment schedule. If the loan amount is under $7,500, no lien is required against your home.

Title I loans feature terms up to 20 years on either single- or multifamily properties. The maximum loan amount is “$25,000 for improving a single-family home or for improving or building a nonresidential structure” according to the FHA official site.

For multi-family unit properties, there is also an FHA Title I loan that has a maximum of $12,000 per family unit, “not to exceed a total of $60,000 for the structure.”