"Property Improvement Loan Insurance (PILI)"
offered by U.S. Federal Housing Administration (FHA)

What is Property Improvement Loan Insurance ?

Property Improvement Loan Insurance is designed to encourage homeowners to make improvements to their properties by providing insurance to lenders that issue loans.

How the FHA PILI Works ?

Property Improvement Loan Insurance program provides insurance to approved lenders who make loans to homeowners. The insurance protects the lender against loss if the borrower defaults on the loan. 

Who is Eligible for Property Improvement Loan Insurance ?

Eligible borrowers include, the owner of the property to be improved, a buyer under a land installment contract, or the person leasing the property.

CHECK ELIGIBILITY

ELIGIBLE IMPROVEMENTS UNDER PROPERTY IMPROVEMENT LOAN INSURANCE

Property Improvement Loan Insurance can be used for repairs, renovations, and additions that improve the safety, livability, or energy efficiency of the property.

How Much can I borrow with Property Improvement Loan Insurance ?

The maximum loan amount for PILI is $25,000 for a single-family home and for a multi-family property up to a $60,000.

What are the Terms for Property Improvement Loan Insurance ?

The repayment term for a PILI loan can vary depending on the lender, but can be up to 20 years. Interest rates for PILI loans can vary depending on the lender.

How to Apply for Property Improvement Loan Insurance ?

CLICK HERE TO APPLY

To get an FHA Property Improvement Loan Insurance, contact an FHA-approved lender for loan term information.

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