FHA 203k Loan: Full vs. Streamline

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amerifirst.com Whether it’s appliances, carpet or mold removal, the limited repair program FHA 203k Streamline is your home improvement and repair loan. If you’re looking for structural repairs like replacing a sill plate, pouring a new foundation or something more serious, the loan you want to consider the Full 203k Loan. 203k Educator Joe Daly breaks down the finer points of the 203k options in this Mortgage Minute. The 203k Loan doesn’t have to take months to close. AmeriFirst Home Mortgage is working to spread the word to borrowers and real estate agents that this FHA program can help rejuvenate neighborhoods hit hard by foreclosure. You can borrow against the future value of a home you find that’s a great buy but needs work. In fact we call it the “But Loan” because the 203k covers everything after “I like this house but…” Let us know how we can help.

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