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Streamline 203k FHA Loan

• The Streamline FHA 203k loan allows a borrower to include the cost of renovations with the purchase price of the home.
• Get the money to purchase a home with an additional $35,000  for minor renovations.
• Make needed improvements; replace roof, major appliances, upgrade plumbing, heating, or electrical systems.
• Install new windows, doors, install new kitchen, and remodel bathrooms.
• Avoid time-consuming paperwork and inspections. Only one final inspections by appraiser.
• One-loan which includes sales price + renovation cost, with one payment.
• Renovations can immediately enhance a home's value. Value is based on future value subject to renovations items.
• Save time and money, informative loan process, buy & repair,  reduces money out of your pocket.
• Only for Owner Occupied properties 1-4 units.
• Low down payment of 3.5%
• More flexible loan amounts up to 110% of the home's appraised value.
• Easier process - lengthy paperwork and inspections are eliminated.
• Quick closings available usually 30-45 days or less.

Full 203k Renovation Loan: FHA 203K with over $35,000 in repair cost is available to qualified borrowers.