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Blogs Lynn's Blog FHA Streamlined 203K Rehabilitation Loan


Posted Mar 15, 2010 2:43 pm (9 years ago)

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- FHA Streamlined 203K Rehabilitation Loan -
 
Real Estate Professionals: If your buyers have been passing up homes that require cosmetic repairs for lack of funds to fix them up, FHA may have a program for you. It is called the FHA Streamlined 203K. This will allow the purchase price, plus renovations, to be included in one loan for repairs up to $35,000.00. 
There is a minimum requirement of $5000.00 in repairs. The repairs may be done by a contractor or the buyer. This type of loan is for primary residences only and requires two appraisals. If you are a real estate agent, this may be the perfect loan for your buyer. Talk to your favorite Lender for more information or log-on to HUD.GOV. At last, you can sell real estate that needs renovating with ease.
 
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