The AmeriFirst Home Buyer Learning Center

Streamline FHA 203k: Pass a HUD Inspection

Posted by Dan Moyle on Thu, Oct 13, 2011

fha-inspection.jpgThe Streamline 203k can help the house you want pass the HUD inspection required for FHA loans. The following list is a general idea of HUD requirements a home inspection may uncover. While each item may seem fairly small, adding them up will tally up quite a bill. Paying for them by financing the purchase with an FHA 203k Streamline will help spread the cost of it all over the life of the mortgage loan.

Download the FHA 203k Survival Guide here and learn more!
  • Peeling or chipping paint
  • Any signs of mold or mildew
  • All windows must open freely and close completely
  • Handrails must be installed if there are more than 3 steps
  • There should be at least 2 years left in the life of the roof
  • Missing fixtures in bathrooms or kitchen
  • Exposed wiring
  • Dampness or water in the basement
  • Missing built-in appliances

With the FHA 203k, you have 2 choices. You can utilize the Full 203k or the 203k Streamline. A Full 203k covers projects which total more than $35,000 or structural repairs. It also requires a HUD consultant. The Streamline 203k doesn't require a consultant (although working with an experienced professional is generally a good move) and it does not cover structural repairs. The full list (though not all-inclusive) for 203k Streamline FHA Minimum Repairs can be found online. Feel free to print that off and use it to decide whether the house you're looking at is a good candidate for the FHA 203k.

Learn more about renovation mortgage options like the FHA 203k with the free eBook "The Ultimate Guide to Home Improvement Loans." You can download the guide at the button below.

Ultimate Home Improvement Loan Guide

(clipboard picture: Flickr user tracywoolery)

Topics: FHA 203k, 203k loan

Down payment and terms shown are for informational purposes only and are not intended as an advertisement or commitment to lend.  Please contact us for an exact quote and for more information on fees and terms.  Not all borrowers will qualify.
AmeriFirst Home Mortgage is a division of AmeriFirst Financial Corporation. 950 Trade Centre Way Suite 400 Kalamazoo, MI 269.324.4240 Equal housing lender

Daily Articles Emailed

Download your Yearly Home Maintenance Checklist!

Taking care of a home takes work and organization. While we can't do the work for you, hopefully this checklist helps you stay organized. Download your printable version below!


Download the Home Maintenance Checklist