Aundrea Beach-Greco Mortgage Blog

Whether buying or refinancing....

The FHA 203K Streamline Program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. This allows homebuyers to quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or appraiser.

QUICK TIPS

• Allows borrower to purchase or refinance a property and finance limited repairs up to $35,000.

• General Contractor not required

• Single Family, Condos, includes HUD REO’s

• Fixed or ARM rates available

•Can be used to update a home, correct health and safety issues, pay for higher cost items.

• Roof, HVAC systems, Minor Remodeling, Appliance purchase, Decks, Patios, Window/door replacement, Septic system/Wells

• Property must be 100% complete or 1 year old

• Max Loan limit in Clark County, NV is $400,000

Call me today for more details....


Posted by Aundrea Beach-Greco on October 14th, 2008 8:57 AMPost a Comment (0)

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