FHA 203k Rehab Loan Kentucky FHA Loan Guidelines

FHA 203k Rehab Loan Kentucky FHA Loan Guidelines

Kentucky First Time Home Buyer Programs for 2017 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky

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FHA 203k Rehab Loan Kentucky FHA Loan Guidelines.

FHA 203k Kentucky FHA Loan Guidelines

Frequently asked Questions and Answers on FHA 203k Rehab loans for Kentucky
Home buyers. –

203k Streamline Webinar

  1. Q: What is the difference between the streamline 203k and the regular 203k?

a: The streamline 203k has a cap of $35,000 including fees, with no minimum repair cost. It is designed as a “refurbish and rehab” loan for borrowers to finance non-structural and cosmetic repairs only. The full 203k may be used for structural repairs and room additions as well.

  1. Q: Can the $35,000 cap on repairs be exceeded by soft costs?

a: No – the streamline 203k caps at $35,000 including all costs.

  1. Q: Define soft costs?

a: Soft costs are the closing costs associated with the 203k loan – they include up to 2 inspection fees (approx $150/each), and appraisers compliance inspection report…

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