Introducing the HLIB Advantage Loan for home improvements
Posted on Monday, September 14, 2015 at 9:08:06 AM
Warwick, R.I., Sept. 14, 2015 -- Home Loan Investment Bank, FSB, is excited to introduce the HLIB Advantage Loan beginning September 2015. No matter the project - replacing the roof, remodeling the kitchen or bathroom, installing solar panels or adding a sunroom or bedroom - HLIB can offer the financing to help you transform your home.
The HLIB Advantage Loan program was designed for homeowners who need more home improvement financing than the FHA Title I maximum loan amount of $25,000 for their projects. If $25,000 is not enough to finish the job, customers can take advantage of the exclusive HLIB Advantage Loan. Customers who borrow $25,000 from Home Loan for eligible home improvements, can also apply for an additional $15,000 to complete their project, for a total of $40,000. The HLIB Advantage Loan is an unsecured loan, as opposed to the $25,000 FHA insured Title I loan, which is secured.
Below are some more details about the HLIB Advantage Loan program:
- A maximum loan amount of $15,000.
- A maximum term of 10 years.
- Loan proceeds are for eligible home improvement projects only.
- Borrower must obtain an FHA Title I loan from Home Loan to qualify for The HLIB Advantage Loan program.*
Contact Home Loan, Your Home Improvement Partner, and you can be on your way to converting your house to the home you have always dreamed of.
For more details about the HLIB Advantage Loan program, speak with your dedicated account representative or call the hotline at 800-223-1700 ext. 220.
*Subject to credit approval.