Product Announcement- 203K Streamline
My office is now able to offer this FHA rehab loan. This is a streamlined product, so the property cannot be in the need of anything considered major. This is also strictly for someone who will occupy the property as a primary residence; this is not intended for investors or house flippers.
Here are a few details on the 203k FHA Streamline.
"The 203k Streamline is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required.
- Max $35,000.00 for improvements/repairs
- No Major rehabilitation or remodeling
- 50% of the rehabilitation funds are disbursed immediately (after loan is purchased by investor)
- Balance is disbursed upon completion of all work "
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