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FHA 230K Streamline (K)
Most people in the Real Estate Industry know of the FHA 203K program, which was designed to allow Buyers to obtain funds to make major repairs on properties that in a lot of cases are not habitable.  The FHA 203K is a loan that is challenging to do, and anyone looking to do one of these loans would be well advised to go to a Lender that specializes in doing them.  The HUD website contains a list of FHA approved Lenders for each state, and whether or not they do 203K Loans, but there is no assurance that each of these Lenders are proficient at doing them.
We at McCue Mortgage made a decision many years ago that we would not participate in this program, we do not have the time and resource that the full 203K Loan Program requires.  However, we have recently decided to participate in a modified version of the 203K Loan Program, called the Streamline (K), or better know as the FHA 203K Streamline Loan Program.
The 203K Streamline is a much simpler loan to do, that does not require much of the documentation and steps that are required with the full 203K.  Simply put the FHA ... more

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