Sound like a good deal? It could be! The FHA 203(k) Streamline loan is designed to help out quite a few home buyers and home owners, but it is not for every situation.

What follows is a very basic overview to see if this is the right loan for you.

As a general rule, the FHA 203(k) Streamline loan is for the purchase or refinance of one-to-four (single family) residences, including HUD REO owner-occupied properties. It combines the funds to purchase or refinance (pay off existing liens) along with the funds needed to repair/rehabilitate the property. Repairs are completed after closing.

Some of the eligible improvements include… Read the rest of the Story

Gina Bombin, Stiving to keeping you informed in Wheatfield, Indiana Real Estate