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Finance Programs

Whether you are finishing your basement, extending your home or upgrading the kitchen and bathrooms we have financing packages to meet your needs.

Our partner, Admiral Bank, has over 30 years’ experience assisting homeowners across the USA to finance their home improvements. As an approved FHA lender they are able to offer a variety of loans to help you carry out that dream renovation.

FHA Title One Home Improvement Loan
• Secured Loan insured through FHA
• No equity or appraisal needed
• Tax-deductible interest (Consult your tax advisor)
• No pre-payment penalty
• 100% upfront funding

The only two requirements for this program are the following:
• A minimum credit score of 650 for the primary borrower (600 for the co-borrower)
• A debt-to-income ratio of 45% or less

Plus One Loan

If a homeowner needs more than $25,000, Admirals will make an additional cash disbursement up to $25,000– a total loan amount equaling $50,000. The additional loan is called our Plus One Loan and the details are as follows:

Plus One Loan
• Loans from $500 - $25,000
• 3, 5, 7, 10 year terms at 9.99% - 11.99% no pre-payment penalty

Requirement for the plus one loan portion of the loan is 700+ FICO and 3 months home ownership as well as 45% Debt-to-income ratio or less.

Closing costs are financed into the loan. A portion of the closing costs should be tax deductible (consult your tax advisor)

This a non-equity based loan, so there is no appraisal required making turnaround time about 10 business days.

One time re-amortization available within the first two years of taking out the loan.

  • Money Clip