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.
Find
out more about the Streamlined 203(k) program by reading HUD
Mortgagee Letter 2005-50, enhancements to "Streamlined (K)" Limited Repair
Program. |