How the FHA 203k Streamline Loan Process Works?
Are you looking for home loans that include home repairs too? You can use the FHA 203k streamline loan to renovate or repair your house! www.drewmortgage.com
#NMLS ID 2856
What is a 203k Rehab Loan?
A 203k rehab is a home loan that allows for minor repairs under a single mortgage. The FHA insures that an FHA-approved lender will securely handle the loan.
#NMLS ID 2856
What Are The Steps To Apply For The FHA Streamline Loan Program? ● ● ● ●
Search for the best FHA 203k loan lenders Seek pre-approval Collect your documents Find out a suitable property
#NMLS ID 2856
What Are The Steps To Apply For The FHA Streamline Loan Program? ● For further alterations - consult a loan officer ● Check the house’s alteration cost with your local contractors ● Forward the contractor’s bid to your lender ● After you're done – determine the appraised value of the home
#NMLS ID 2856
What Are The Steps To Apply For The FHA Streamline Loan Program? â—? You may receive conditional commitment to determine the cost of insurance from your lender. â—? While closing the mortgage loan, your lender will place the amount needed for alterations in an escrow account.
#NMLS ID 2856
Drew Mortgage Associates, Inc. Please visit the Drew Mortgage website to learn more about the FHA streamline loan program and how we can help you apply: https://www.drewmortgage.com/fha-streamline-refinanc Learn ing/ More
#NMLS ID 2856