Tired of having vision and no money to bring it to reality? FHA's streamline 203k loan might just be the solution for you.

What is it? Its an FHA loan with up to $35,000 ($45,000 EEM) built in for "cosmetic" repairs. This might be the cheapest construction loan on the market!!

What many people do not realize is that this loan program does not need to ONLY be utilized for major repairs that would otherwise stop traditional financing. It can also be utilized for Cosmetic updates and repairs ..... don’t like the counter in the kitchen? Bathroom needs a facelift? Love the home but need air conditioning? The 203k loan can help.

Allowable 203k Streamline repairs include:

• Roofs, gutters and downspouts
• HVAC systems (heating, venting and air conditioning)
• Plumbing and electrical
• Kitchen and bath remodels
• Flooring: carpet, tile, wood, etc.
• Interior and exterior painting
• New windows and doors
• Weather stripping & insulation
• Improvements for persons with disabilities
• Energy efficient improvements
• Stabilizing or removing lead-based paint
• Decks, patios, porches
• Basement completion and waterproofing
• Septic or well systems
• Purchase of new kitchen appliances or washer / dryer

Repairs Not Permitted

• Landscaping or yard work
• Major remodeling
• Moving a load-bearing wall
• Room additions or add-ons to the home
• Fixing structural damage

So what’s the catch?

There is none. If you have or can get 3.5% for down payment, you have all the cash you need.