Probably a lot more than you think. From new appliances or home repairs, to adding on a deck to your home, an FHA Title I Home Improvement Loan is just the thing to refresh your living space—and maybe increase the value of your home while you’re at it! Improvements can include:
Removable appliances and items that are considered luxury items such as hot tubs, greenhouses, and landscaping cannot be financed with an FHA Title I Home Improvement Loan. Ask about an Alaska USA Home Equity Loan or HELOC as an affordable alternative.
The amount of the loan is based, in part, on the type of property you own:
There is no origination fee, no title insurance necessary, and no credit report fee. However, an FHA insurance fee equal to 1% of the original loan amount is required. Loan approval is based on Alaska USA’s credit lending policy.
Contact us using the form to the right (scroll on mobile) to get the process started or use our easy, online application.
We’ll review your application and let you know if you’ve been approved within 5-7 business days.1
If approved, you’ll have access to the funds within 30 business days2 to start your project!
When it comes to funding a home improvement project, most people think of applying for a home equity loan or home equity line of credit (HELOC) first. However, if you don’t have much home equity, an FHA Title I Home Improvement Loan might be the right option for you. Give us a call at 800-525-9094 to discuss your options.
1Loan decisions may take longer if additional documentation is required to prove creditworthiness.
2Deposits may take longer if we cannot verify your account information.
Home equity loans
Tap into your equity to finance your home improvement project or another major purchase.
From lines of credit to signature loans, Alaska USA has the financing options you’re looking for.
Low, fixed rates and travel rewards with every purchase—what more could you want from a credit card?
Get extra cash by closing out your old mortgage and taking out a new mortgage for more than you owed.
There's never been a better time to become a member. Get in touch today!
You will need your Social Security Number, Government-issued ID, and information for funding your new account handy during the enrollment process.
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