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Old 05-09-2012, 09:07 AM
 
Location: Columbia, SC
10,965 posts, read 21,985,795 times
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Oh, and I'll add on here that it's important to get a contractor that really knows the process and has done one of the 203k repairs before. They'll already be approved and have the paperwork in place. And having done it before they'll will possibly reduce delays and potential hangups. If your agents contractor is that person great.
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Old 05-11-2012, 09:03 PM
 
Location: MID ATLANTIC
8,674 posts, read 22,919,247 times
Reputation: 10517
Quote:
Originally Posted by rjrcm View Post
That's what I thought too .

Edit - we are correct:

203K Rehab Loan Insurance - HUD

Streamline 203(k) Mortgage

The "Streamline"(K) Limited Repair Program permits homebuyers to finance an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser. More...
Sorry, bad habit of posting when half-awake, it's a 5K minimum on one and the other is 35K. My apologies if I provided any heart attack symptoms.
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Old 05-12-2012, 10:18 AM
 
Location: Tempe, Arizona
4,511 posts, read 13,581,108 times
Reputation: 2201
Quote:
Originally Posted by SmartMoney View Post
Sorry, bad habit of posting when half-awake, it's a 5K minimum on one and the other is 35K. My apologies if I provided any heart attack symptoms.
I survived .
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