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The Streamline 203k home repair loan
facilitates purchase or refinance
transactions in which the home needs minor
rehab work, such as identified in a
pre-purchase home inspection or an FHA
appraisal. The Streamline 203k limited
repair loan is intended to assist homeowners
with basic repairs not to exceed $35,000.
The mortgage amount will allow for
acquisition of the property and up to
$35,000 in the loan proceeds to be applied
toward repair or rehab of the property.
Eligible Repairs or Improvements
The types of home repairs or improvements
that borrowers may make with Streamline 203k
home repair loans are limited to the
following:
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Repair/replacement of roofs, gutters,
and downspouts
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Repair/replacement/upgrade of existing
HVAC systems
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Repair/replacement/upgrade of plumbing
and electrical systems
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Repair/replacement of flooring
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Minor remodeling, such as kitchens,
which does not involve structural
repairs
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Painting, both exterior and interior
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Weatherization, including storm windows
and doors, insulation, weather
stripping, etc
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Purchase and installation of appliances,
including free-standing ranges,
refrigerators, washers/dryers,
dishwashers and microwave ovens
-
Accessibility improvements for persons
with disabilities
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Lead-base paint abatement
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repair/replacement/add exterior decks,
patios, porches
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Basement finishing and remodeling, which
does not involve structural repairs
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Basement waterproofing
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Window and door replacements and
exterior wall residing
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Septic system and/or well replacement
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