FHA 203(k) Loan Information
renovation loans
Realize Your Dreams

The FHA 203(k) Streamline Renovation Loan

Overview of program:

Streamline 203k Value Proposition:

Allowable Repairs:

Ineligible Work Items:

Ineligible Transactions:

Borrower Responsibilities:

Contractors Responsibilities:

Each contractor must complete all documents in the contractor package which include:

Renovation Loans - What's different:

Products:

Fixed 30 Arms 5/1, 3/1, 1 year

Waterfield Mortgage

Processing, underwriting and closings in branch with 30 Day Closings

Our Mission Statement:
“We Lend on after-improved value” but can close “AS-IS”

Advantage to Realtor Partners

1) Hard to sell properties
2) FHA appraisal problems
3) Mixed use properties
4) All renovation completed after closing
5) Sensible way to list properties
6) One time close