Mortgage and Lending with Benchmark Mortgage nmls 2143 NMLS # 198479



Major rehabilitation


New construction including room additions


Repair of structural damage


Repairs requiring detailed drawings


Landscaping or site amenity improvements


Any improvement that will take longer than 3 months


REHAB activities that...


Rehabs that require more than 2 payments


Requires architectural plans or exhibits or a plan reviewer


Results in work not starting within 30 days of a loan closing or cause the mortgagor to be displaced from the property for more than 30 days during the rehab period


FHA anticipates that mortgagors will occupy during rehab


Soon to follow...203k Streamline Appraisal Requirements


www.vshomeloans.com to fill out an online application.  Please contact me if you need a realtor specializing in 203k.




My name is Valerie Springer nmls 198479, Home Mortgage Expert and writer for Ask Val in Birmingham, Alabama. You may contact me by email at valerie.springer@nflp.com or call 205-995-7283 x 305.

Comments (1)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Valerie - This is valuable information. Thank you for sharing another excellent blog about 203K streamline ineligible repairs.

Jul 31, 2013 04:30 AM

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