The Federal Housing Administration's (FHA) Streamlined 203K Rehabilitation Loan is an easy to use mortgage program specifically designed for those who wish to make improvements on a home they own, or would like to buy.

Rather than having to obtain a separate loan to finance the cost of repairs (or walking away from a home they love because they don't have the cash for home improvements), the Streamlined 203K rehabilitation loan allows you to finance these costs -- up to $35,000 -- within your FHA purchase or refinance itself.

Some Improvements you can perform with the Streamline 203K

A Streamline 203K loan allows for a wide variety of home improvements to be performed on a home. The program is primarily intended for simple repairs, light remodeling, and upgrades (including money saving energy efficient upgrades), not for major remodeling projects. (Complete AFR Guidelines and Forms)

• Repair, replace, and upgrade roofs, gutters and downspouts
• HVAC systems (heating, vacuum, and AC)
• Plumbing and electrical systems
• Flooring, exterior decks, patios, and porches
• Minor remodeling that does not involve structural repairs
• Interior and exterior painting
• Weatherization, including doors, windows, insulation, stripping, etc
• Appliance purchase & installation (ie kitchen appliances, washer, dryer)
• Energy efficient upgrades
• Lead-based paint removal & stabilization
• Exterior wall re-siding and more!

Remember: AFR Does Not Charge Any Lender Fees!