FHA Streamline 203k Eligible Improvements
Posted by Dennis Hardy on January 27th, 2010
The Streamlined FHA 203k program in Wisconsin, Illinois, Minnesota and Florida is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required. Due to the rehabilitation amount limitation of $35,000, eligible improvements are limited and can not include any major rehabilitation or remodeling, new construction such as a room addition, repairs to structural damage, or site amenity improvements. Repairs of this nature should be completed under the standard FHA 203k program.
Examples of eligible improvements are listed below (this list is not all-inclusive):
• Repair/Replacement of roofs, gutters, and downspouts
• Repair/Replacement/Upgrade of existing heating, ventilation, and air conditioning systems
• Repair/Replacement of plumbing and electrical systems
• Repair/Replacement of flooring
• Minor remodeling that does not involve structural repairs, such as kitchens
• Exterior and interior painting
• Weatherization, including storm windows and doors, insulation, and weather stripping
• Purchase and installation of appliances, including free-standing ranges, refrigerators, washers and dryers, dishwashers, and microwaves
• Improvements for accessibility for persons with disabilities
• Lead-based paint stabilization or abatement of lead-based paint hazards
• Repair/Replacement/Addition of exterior decks, patios, porches
• Basement finishing and remodeling that does not involve structural repairs
• Basement waterproofing
• Replacement of windows and doors and exterior wall re-siding
For additonal information visit our FHA Streamline 203k Rehab page on our site.
Your local Wisconsin, Illinois, Minnesota and Florida Mortgage Banker:
Dennis Hardy
Phone: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blogs_dennis_hardy/
