Home Improvement Loan - Streamlined 203k Program Limited Repair Program

Are you a homeowner that wants to get additional financing for your home improvements or repairs? Or, do you intend to get more funds to make repairs or improvements? If your answer to the above queries is yes then you need to read this article consciously. It provides hints about the FHA's Streamlined insured Mortgage Program. It is a home improvement loan program.


The Federal Housing Administration (FHA) offers homeowners the "Streamlined 203k" Limited Repair Program to finance their homes with additional funds of up to about $35,000. The funding can, specifically, be used to make purchase, repair, or improve their homes even before they move in. You too can take advantage of this home improvement loan to get cash to pay for property improvements.


The streamlined 203K mortgage home improvement loan can be originated by any FHA approved lender. This is rather different from what obtains in a Standard 203k Program. Hence, the program has additional features unlike the standard program.


An FHA appraiser or inspector identifies the kind of repairs or improvements that you can tap into. The following are a number of the repairs that qualifies for this program.

- Minor remodeling for kitchens that excludes structural improvements.
- Interior and exterior paintings
- Repairs for disabled individuals
- Repairs for exterior decks patios and porches
- Basement waterproofing.
- Purchase and installations of home appliances such as microwaves, dishwashers, free-standing ranges, refrigerators etc.
- Septic system replacements or repairs


The list is inexhaustible. More information concerning the Streamlined 203k Limited Repair Program or any other federal home improvement loan program can be accessed from the website of FHA. You can as well get information about eligibility requirements from this site.