203(k) Rehabilitation Mortgage Insurance 2015


203(k) Rehabilitation Mortgage Insurance

PowerSaver Pilot 203(k) Mortgage

FHA’s PowerSaver Pilot 203(k) program will enable eligible homeowners access to low cost financing when energy saving upgrades are included by them using their do-it-yourself job.

PowerSaver Pilot Lenders and Contacts
Notice of Funding Availability (Shut 9/12/13)
Streamlined 203(k) Mortgage

The Streamlined 203(k) program of fHA allows homeowners and homebuyers to finance up to $35,000 into their mortgage upgrade, improve, or to repair their house. Homeowners and homebuyers can quickly and easily tap to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners can make property repairs, improvements, or prepare their home for sale. Homebuyers will make their new home move-in ready by painting the inside remodeling the kitchen or buying new carpeting.

Find out more regarding the Streamlined 203(k) system by reading Mortgagee Letter 2005 50, Enhancements to the “Streamlined (K)” Small Repair System. The Streamlined K uses HUD- Streamlined 203(k) Maximum Mortgage Worksheet, the 203(k) and 92700.

203(k) Mortgage

The Section 203(k) system is the primary plan for the rehabilitation and repair of single family properties of FHA. As a result, it is a vital tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.

203(k) Mortgage Program (ML-00-25)
203(k) Rehabilitation Program Description
Approved 203(k) Consultants Search
203(k) Handbook
203(k) Worksheet
How to eventually become a 203(k) Consultant
Resources for 203(k) Advisors
203(k) Endorsement Overview Report

photo by: Tax Credits

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