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  2. How to pay for home improvements - AOL

    www.aol.com/finance/pay-home-improvements...

    2. Home improvement loans. Home improvement loans are unsecured personal loans offered by banks, credit unions and a number of online lenders. Because the loans are unsecured, you don’t need to ...

  3. Types of home improvement loans to fit your project - AOL

    www.aol.com/finance/home-improvement-loan...

    You may also pay higher closing costs since your loan amount is typically much higher that what you’d borrow with a home equity loan or personal loan. FHA 203(k) rehab loan Good for buying and ...

  4. Mortgages and loans to pay for home renovations - AOL

    www.aol.com/finance/mortgages-loans-pay-home...

    A personal loan, sometimes referred to as a home improvement loan. Some home renovation loans or refis require the borrower to have a certain amount of equity in the home (the main exception being ...

  5. FHA construction loan: What it is and how to get one - AOL

    www.aol.com/finance/fha-construction-loan-one...

    FHA 203(k) rehab loan: An FHA 203(k) loan finances the cost of buying an existing home plus renovations and repairs. There are two types of 203(k) loans: a standard 203(k) for renovations costing ...

  6. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    An FHA loan is a mortgage loan whose repayment is guaranteed by the Federal Housing Administration (FHA). The Act: Increased the FHA loan limit from 95 percent to 110 percent of area median home price up to 150 percent of the GSE conforming loan limit, or $625,000), effective January 1, 2009. Required a down payment of at least 3.5 percent for ...

  7. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    The FHA does not make loans. Rather, it insures loans made by private lenders. [21] The first step in obtaining an FHA loan is to contact several lenders and/or mortgage brokers and ask them if they are FHA-Approved by the U.S. Department of Housing and Urban Development to originate FHA loans. Except in certain situations, it is also not ...

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