Streamlined 203(k) Limited
Repair Program
FHA's Streamlined 203(k) program permits homebuyers
to finance up to an additional $35,000 into their mortgage
to improve or upgrade their home before move-in. With
this new product, homebuyers can quickly and easily
tap into cash to pay for property repairs or improvements,
such as those identified by a home inspector or FHA
appraiser.
Any FHA-approved
lender may originate a Streamlined 203(k) mortgage.
Find out more about the Streamlined 203(k) program
by reading HUD
Mortgagee Letter 2005-50, enhancements to "Streamlined
(K)" Limited Repair Program.
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