FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before moving in. Homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners may make property repairs, improvements, or even prepare their home for sale.

Find out more about the Streamlined 203(k) program by reading HUD Mortgagee Letter 2005-50, enhancements to "Streamlined (K)" Limited Repair Program.

Return to 203(k) home