FHA Streamline 203k Program!

I wanted to make sure you knew about a wonderful loan program that lets homebuyers finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. FHA's Streamlined 203(k) Loan Program helps homebuyers tap into cash to pay for property repairs or improvements, like those identified by a home inspector or FHA appraiser.

Here are some of the eligible repairs and improvements for the 203(k) loan program:

• Repair or replacement of roofs, downspouts, and gutters
• Repair, replacement, or upgrade of existing HVAC systems
• Repair or replacement of flooring
• Minor remodeling (i.e. kitchen) not involving structural repairs
• Painting of the interior and exterior
• Weatherization, including storm windows and doors, insulation, weather stripping, etc
• Purchase and installation of appliances, including washers and dryers, refrigerators, dishwashers, microwave ovens, and free-standing ranges
• Accessibility improvements for people with disabilities
• Repair, replace, or add exterior decks, patios, or porches
• Basement finishing and remodeling not involving structural repairs
• Window and door replacements and exterior wall re-siding
• Septic system or well repair or replacement
• Lead-based paint stabilization or abatement of lead-based paint hazards (engineer's report required upon completion)