FHA 203k Streamlined Mortgage - Great For New Home Buyers

By
Mortgage and Lending with New Penn Financial

You've found a home, but it's a little rough around the edges. Where can you turn? Now, you can transform any home from "as is" into "exactly as it should be" with an FHA 203(k) Streamlined loan.

FHA's 203(k) Streamline program enables homeowners to finance additional money into their mortgage to improve or upgrade their home. With this product, you can quickly and easily tap into cash to pay for property repairs or improvements.

How does an FHA 203(k) Streamline loan work?
The FHA 203(k) Streamline program is intended to facilitate uncomplicated renovation and improvements to a home. To be eligible, you must qualify for an FHA loan and your property must meet certain criteria, such as being owner-occupied by completion. The additional funds for renovation remain in an escrow account after closing that you can pull from to make repairs to the property.

Eligible home improvement projects
With an FHA 203(k) Streamline loan, you could paint your house, get new appliances, remodel the kitchen, install new carpet, add hardwood flooring, repair or replace a leaky roof, or waterproof your basement to name a few.

To learn more about this great loan product, you can give me a call at 800-673-2035. 

All the best,

Mike

Your 203(k) loan expert

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