FHA 203K Streamline Rehab Program

FHA 203K Streamline Rehab Program

The streamline 203K is intended to help facilitate, uncomplicated improvements or repairs to a home that does not require plans, consultants, engineers, architects, etc.

  • Up to $35, 000 max in rehab costs (no minimum)
  • A max of 3 contractors are allowed to be used for repairs
  • 1 Draw only
  • Contractors will be paid:
    • 50% at time of closing
    • Once all work is completed, remaining draw will be distributed

203K Streamline-Eligible Repairs

Some examples are listed below. For a more comprehensive list please visit:
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k/203kabou

  • Repair/Replace roofs, gutters, door spouts
  • Repair/Replace/Upgrade heating and cooling systems
  • Repair/Replace/Upgrade plumbing and electrical systems
  • Repair/Replace carpet and flooring
  • Minimal remodeling of kitchens and bathrooms (No structural repairs)
  • Painting (Interior/exterior)
  • Window/door replacements
  • Minimal basement finishing and remodeling
  • Lead paint stabilization / abatement
  • Accessibility improvements for persons with disabilities
203K Streamline - Non Eligible Repairs
  • Major remodeling such as relocation of load bearing walls
  • New construction including room additions
  • Repairs of any structural damage
  • Repairs requiring detailed plans, drawing, etc.
  • Landscaping on-site amenity improvements
  • Work requiring six (6) months or longer to complete
  • Activities requiring two (2) or more draw payments
For more information on the FHA 203K Streamline Rehab Program, click here to contact us or call 813-655-HOME  

Serving Tampa, St. Petersberg, Clearwater, Brandon, Bloomingdale, Lake Magdalene, Lutz, New Port Richey, Oldsmar, Palm Harbor, Riverview, Temple Terrace, Town 'n' Country, Valrico, Wesley Chapel, Westchase and the entire Tampa Bay area and state of Florida. 

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American Dream Home Mortgage Inc. | 1219 Millennium Parkway, Suite 132 | Brandon, FL 33511-8178 | (813) 655-4663 floridabestlending.com