FHA 203 K Buy a Home and Borrow the Cash for Repairs

Attention Realtor - Increase Your Sales - Show Fewer Homes -Sell More Homes & Become the Expert!

We at American Mortgage Centers  and 44Mortgage.com are pleased to roll out HUD's new "Streamline K" Limited Repair Program. This program is an enhancement of the current 203K program and designed for borrowers who wish to purchase a home that needs minor rehabilitation work. Highlights of this program include:

Available on purchases all throughout the State of Michigan

Approved for FHA financing? That equals Approved for the Streamline K

Maximum $35,000 in repairs/rehab - no minimum 

Borrowers choose their own contractor

American Mortgage Centers approves the proposed work plan, contractor and cost estimates and works directly with borrower and contractor throughout the draw process.

Maximum 2 draws per contractor - maximum 3 contractors

Use this program for the following but not limited to: (Full List upon Request) 

Repair/Replacement roofs, gutters and downspouts 

Repair/Replacement/upgrade of existing HVAC systems

Repair/Replacement/upgrade of plumbing and electrical systems

Repair/Replacement of existing flooring

Minor remodeling, such as kitchens, which does not involve structural repairs

Exterior and interior painting

Weatherization: including storm windows, doors, insulation, weather stripping, etc.

Appliances including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens.

Improvement for accessibility for persons with disabilities.

Lead based paint stabilization or abatement (HUD REOs)

Repair/replace/add exterior decks, patios, porches

Basement finishing and remodeling, which does not involve structural repairs

Basement waterproofing     

Window and door replacements and exterior wall residing
 
Septic systems and/or well repair or replacement

Call Victor Bals and Jim Lasota TODAY at 517-586-4030 to better understand how sell this program to your buyers

 
Don't have other Lenders Practice on Your Buyers. 

  Work with Government Lending Experts
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