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. 

PDF Download - 203k Checklist

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
     
  • Repair/replace/add exterior decks, patios, porches
     
  • Basement finishing and remodeling, which does not involve structural repairs
     
  • Basement waterproofing
     
  • 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:    
  Purchase Price: $230,000  
  Total Rehabilitation Cost: $20,000  
  Total Acquisition Cost: $250,000  
  Maximum FHA Loan Amount: $243,662  
  Down Payment: $8,750  
 
     
  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.