You are subscribed as frank@broward-properties.com Check out the FHA 203K Limited Rehab Loan…. It is a limited repair program that permits borrowers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move in. The loan is qualified through standard FHA guidelines and requirements. The following are eligible improvements:
- Repair/replacement of roofs, gutters and downspouts
- Repair/replacement/ upgrade of existing HVAC systems
- Repair/replacement/ upgrade of plumbing and electrical systems
- Repair/replacement of flooring
- Minor remodeling, such as kitchens, which does not involve structural repairs
- Painting, both exterior and interior
- Weatherization, including storm windows and doors, insulation weather stripping etc.
- Purchase and installation of appliances , including free standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens
- Accessibility improvements for persons with disabilities
- Connection to public water or sewage system
- Repair/replacement/ add exterior decks , patios, porches, sidewalks and driveways
- Basement finishing and remodeling, which does not involve structural repairs
- Basement waterproofing, including mold removal
- Window and door replacements and exterior wall residing
- Septic system and/or well repair or replacement
- Major rehab remodeling , such as the relocation of a load bearing wall
- New construction (including room additions)
- Repair of structural damage
- Manufactured Home foundation repairs/ upgrades to meet HUD standards
- Landscaping or similar site amenity improvements, including fence
- Any repair or improvement requiring a work schedule longer than 3 months; or Rehab activities that require more than two (2) payments per specialized contractor
- Repairs requiring detailed drawings plans or architectural exhibits or require a plan reviewer
- Result in work not starting within 30 days after loan closing; or cause the mortgagor to be displaced from the property for more than 30 days during the time the rehab work is being conducted.
- Lead based paint stabilization or abatement of lead based paint hazards
To unsubscribe, please click here. <http://www.asmemail.com/unsubscribe.php> American Spirit Mortgage, 1501 S. Pinellas Ave., Unit F, Tarpon Springs, FL 34689Toll Free: (877) 311-1011 Fax: (727) 943-5658
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