FHA's
Streamlined 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.
Any FHA-approved
lender may originate a Streamlined 203(k) mortgage.
Find
out more about the Streamlined 203(k) program by reading HUD
Mortgagee Letter 2005-50, enhancements to "Streamlined (K)"
Limited Repair Program.
More
Information
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