FHA 203(k)
STREAMLINE
·
No Minimum Repairs
·
MAXIMUM Allowed..
$35,000
·
May include inspection fees,
building and other permits, supplemental origination fee, title update cost and
contingency in the $35,000.
·
Eligible:
o
Repair/replacement/upgrade of
Roofs, gutters, and downspouts.
o
Repair/replacement/upgrade of
Plumbing and Electrical.
o
Repair/replacement/upgrade of
existing Flooring.
o
Minor Remodeling or Kitchens.
o
Interior/Exterior paining
o
Storm Windows and doors,
insulation.
o
Appliances:
ranges, refrigerators, washer/dryer, dishwasher.
o
Repair/replace or add exterior
decks, patios, porches.
o
Basement finishing and remodeling.
·
NOT Eligible:
o
Major rehab (such as relocation of
load bearing wall)
o
New Construction (including room
additions)
o
Repair of structural damage
o
Repairs requiring detailed drawings
of architectural exhibits.
o
Landscaping.
o
Rehabilitation requiring more than
two payments per contractor.
Up to 3 Sub Contractors
allowed.
Borrower MAY be own General
Contractor.
DAN
PALUMBO, Licensed Mortgage Banker
Office:
732-797-0117