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FHA's Streamline 203(k) program permits homebuyers to finance up to an
additional $35,000 into their mortgage to improve or upgrade their home
before move-in. With this new 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.
Unlike the standard
203(k) program, any
FHA approved lender may originate a Streamline (K) mortgage.
Find out more about the Streamline (K) program by reading
HUD Mortgagee Letter 2005-50. Enhancements to "Streamline (K)"
Limited Repair Program.
More Information
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