+1 vote
asked Feb 11, 2018 in Home Improvement by Cornelius

1 Answer

0 votes
FHA 203k Loans are a one time close acquisition and rehab loan program. 3.5% after improved value down payment.  FHA 203K STREAMLINE has max $35,000 construction limit and is primarily for cosmetic repairs. Full 203k Loans are for extensive renovation projects and no construction limit. Just max loan limit of $294,515. Higher loan limits for high cost areas  

Gustan Cho NMLS 873293
Branch Manager of USA MORTGAGE
A Division of DAS ACQUISITION COMPANY NMLS 227262
The Gustan Cho Team at USA MORTGAGE
www.gustancho.com
answered Feb 11, 2018 by GustanCho (106,540 points)

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