FHA 203K Enhancements
Look at the following enhancements which are effective immediately under the New Improved Streamline FHA 203K Program:
Now Buyers can afford to purchase that fixer upper and fix it up too!
One loan does it all!
- No minimum repair escrow.
- Increased maximum mortgage amount for repair or rehabilitation costs to $35,000.
- Energy Efficiency Improvements can be financed
- Most Non-Structural Repairs can be included
- No Plan Consultant is required
- HUD REO (Repos) properties are now eligible
- Less Hassle, Less Paperwork than the original program
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