* Weatherization: including storm windows and doors, insulation, weather stripping, etc. * Minor remodeling, such as kitchens, which does not involve structural repairs * Repair/Replacement of existing flooring * Repair/Replacement/upgrade of plumbing and electrical systems * Repair/Replacement/upgrade of existing HVAC systems * Repair/Replacement of roofs, gutters and downspouts The following repairs can be financed with this program: Unlike the standard 203(k) program, any FHA approved lender may originate a Streamlined 203k mortgage. 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. HUD has developed a new FHA insured mortgage program called the Streamline 203k Limited Repair Program that permits homebuyers to finance up to an additional $35,000 for repairs into their mortgage to purchase and improve or upgrade the home before move-in or to refinance an existing mortgage and add up to $35,000 for repairs or improvements. 203K, 203B, and 203B with Escrow Programs What is a HUD Streamline 203K Program?
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