FHA's Streamline 203(k) Mortgage
The
“Streamline (K)” Limited Repair Program permits homebuyers to finance an
additional $35,000 into their mortgage to improve or upgrade their home
before move-in. With this product, homebuyers can quickly and easily tap
into cash to pay for property repairs or improvements, such as those
identified by a home inspector or FHA appraiser.
More...
FHA's 203(k) Mortgage
The
Section 203(k) program is HUD's primary program for the rehabilitation
and repair of single family properties. As such, it is an important tool
for community and neighborhood revitalization and for expanding
homeownership opportunities. To find out how to become a 203k
consultant, read
HUD mortgagee letter 00-25 and
How to Become an Approved 203k Consultant.
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