FHA 203K Streamline
Loans - For Smaller Rehab Work
FHA 203K Streamline Loans -- Less Hassle and Less Time
The FHA 203k streamline loan program offers FHA borrowers the
resources to rehabilitate a home that may be in need of repair, either the home that they currently live in, or
that special fixer-upper opportunity, without the extra cost or details as found in the regular FHA 203k loan
. The FHA 203K Streamline Loan uses one single loan to pay for the purchase (or refinance) and the
cost of renovating the home.
Made
available to certain lenders by the U.S. Department of Housing and Urban Development (HUD), the FHA 203k streamline
loan program has already provided many buyers with the funds necessary to buy their first home, or greatly
improve a current home. The FHA 203k streamline loan is available to borrowers of all income levels, to homeowners
who plan to occupy the house, and for homes with one to four units that will also be owner occupied. FHA 203K
loans are not available to Investors. All properties must be Owner Occupied
FHA 203K Streamline Loan
Eligible Borrowers:
Owner Occupants - Purchase - Refinance
Non- Profits
Investors NOT allowed
Types of FHA 203K Streamline Loans:
30 or 15 year fixed rates
One year ARMS
FHA Eligible Properties:
Single family dwellings
Condominium
Townhouse
Mixed Use (Storefront)
1-4 Unit buildings- you can increase or decrease the number of units with this loan.
Apply for your FHA 203K Streamline Loans Purchase or Refinance
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