Download our free checklist that you can take with you when you're out house hunting! It includes a list of sample repairs that can be financed into your FHA 203k loan, with space for your notes / comments on the home. It's a great way to remind yourself after viewing many homes for sale.
FHA Streamline 203(k) program
Streamline 203k Allowable Improvements:
Repair/Replacement of roofs, gutters and downspouts
Repair/Replacement/upgrade of existing HVAC systems
Repair/Replacement/upgrade of plumbing and electrical systems
Repair/Replacement of flooring
Minor remodeling, such as kitchens, which does not involve structural repairs
Painting, both exterior and interior
Weatherization, including storm windows and doors, insulation, weather stripping
Purchase and installation of appliances
Lead-based paint stabilization or abatement of lead-based paint hazards
Basement finishing and remodeling, which does not involve structural repairs
Window and door replacements and exterior wall re-siding
Septic system and/or well repair or replacement
The FHA Streamline 203(k) Program allows you to borrow the necessary funds to purchase a home and renovate it all with one single cost-effective loan. With this program you can borrow up to $35,000 to make repairs or updates to the home without tapping into your savings.
Loan Calculation Example:
Total Rehabilitation Cost:
Total Acquisition Cost:
Maximum FHA Loan Amount:
Call Our Experienced Mortgage Consultants Today to Learn More About this Loan Program!
Land Home Financial Services 22525 SE 64th Place, Suite 220 Issaquah, WA 98027
Phone: 206-423-4000 Fax: 206-984-2634
NMLS #89331 WA Consumer Loan Branch Office License #CL-89331
Equal Housing Opportunity Lender. Rates, programs, fees and guidelines are subject to change without notice. Not a commitment to lend. Calculations are for marketing purposes only and final down payment may vary depending on borrower and property circumstances. Land Home only conducts business in states we are licensed in. Land Home Financial Services 22525 SE 64th Place, Suite 220, Issaquah, WA 98027. Washington Consumer Loan Branch Office License #CL-89331. NMLS ID # 89331.
Land Home Financial Services, Inc. (also known as "Land Home" or "Land Home Financial") is an Equal Housing Opportunity Lender. Call your loan officer for details. Rates, Program, Fees, and Guidelines are subject to change without notice. Restrictions apply. Not a commitment to lend. The information, loan option scenarios, and/or guidelines are for illustrative/marketing purposes only and will vary depending on circumstances, terms may not apply to every situation. Land Home only conducts business in states we are approved to. Land Home Financial Services, Inc. 22525 SE 64th Place, Suite 220, Issaquah, WA 98027. Washington Consumer Loan Branch Office License #CL-89331. Corp. NMLS #1796. www.nmlsconsumeraccess.org. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties in the state of New York will be accepted through this site.