FHA 203k Limited – How Is It Different from the Streamline 203k?
The Limited FHA 203k has arrived. In September of 2015 the staple of renovation financing – the Streamline 203k -got a facelift and was replaced by the new and improved Limited FHA 203k.
So, what changed with our favorite renovation loan and how will it affect Delaware borrowers looking to employ FHA 203k financing?
Many of the changes were semantic – updating disclosures, forms and worksheets – and will have little affect on how you obtain renovation financing or the scope of work you are allowed to employ.