Advantage Loan

Need more funding for your home project? The Advantage Loan pairs with the FHA Title 1 Loan for up to $90,000.

More Funding for the Projects That Matter Most

Sometimes your home improvement plans are bigger than what a single loan can cover and that's exactly where the Advantage Loan comes in. Designed to work alongside the FHA Title 1 Loan, the Advantage Loan gives you access to additional funding so you can take on the projects your home truly needs. Together, the Advantage Loan and FHA Title 1 Loan can provide up to $90,000 for a single-family home, giving you the resources to make meaningful improvements without putting your plans on hold. 


 

Loans Up To

$65,000

Flexible

Terms

Competitive

Fixed Rates













 

What Is an Advantage Loan?

The Advantage Loan is a supplemental home improvement loan that must be used in conjunction with the FHA Title 1 Loan. Think of it as the extra boost that helps you close the gap between what the FHA Title 1 Loan covers and what your project actually costs.

Here's How It Works:

  • Must be paired with an FHA Title 1 Loan
  • Combined funding up to $90,000 for single-family homes
  • No down payment and no home equity required 
 
Common Use Cases: 
 
  • Roof repair or replacement
  • Kitchen and bathroom remodeling
  • Heating and cooling (HVAC) system installation or repair
  • Window and door replacement
  • Siding replacement
  • Structural repairs and foundation work
  • Energy efficiency improvements
  • Septic Systems
  • Outdoor structures (garages, sheds, and more)
 

 

Ready to Get Started?

Your home is worth investing in and you don't have to figure it out alone. Our experienced loan officers are here to answer your questions and walk you through your options. Call us at (866) 522-6755 to speak with a member of our team today.

Apply Now

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Already Know Who You Want to Work With?

Connect directly with a Shoreham Bank loan officer or browse our team to find the right fit for you.
 

 

 

 

 

The Advantage Loan can only be offered in conjunction with the FHA Title 1 Loan. Subject to credit approval.