FHA 203k facts

FHA 203(k) Facts

Loan Limits	FHA Loan Limits
Property Types	Single Family 1-4 units, Condominiums, Manufactured
Loan Type	Purchase or Refinance
2 Types	Streamline 203(k) or Full 203(k)
Maximum Repairs	Streamline 203(k) $35,000 (including 10% contingency)
Time Limit	3 Months to complete repairs/rehab
Appraisal	Based on "subject to" value
Disbursements	Maximum of 2 disbursements (First and Final)
Eligible Improvements	Eligible Improvement List
	Contractor vs. Owner Repair

FHA 203(k) Facts

Loan Limits	FHA Loan Limits
Property Types	Single Family 1-4 units, Condominiums, Manufactured
Loan Type	Purchase or Refinance
2 Types	Streamline 203(k) or Full 203(k)
Maximum Repairs	Streamline 203(k) $35,000 (including 10% contingency)
Time Limit	3 Months to complete repairs/rehab
Appraisal	Based on "subject to" value
Disbursements	Maximum of 2 disbursements (First and Final)
Eligible Improvements	Eligible Improvement List
	Contractor vs. Owner Repair