Posted by Paul Macdonald on November 16, 1998 at 09:49:14:
Title One is pretty simple. Its a regardless of equity home renovation loan. You still have to qualify based on debt to income ratios and credit - although its looser than conforming loan criteria.
Sorry, don’t know of any Fannie look alikes. Nor a web site to go to.
Call a couple of local banks. You’ll tend to get the best deal on Title One from them. Can’t find a local that does it? The Money Store writes them all the time and they are in a bunch of states…