What is a Delaware FHA 203k Streamline Loan?

FHA 203(k) loans provide cost-effective, single close loans that enable borrowers to purchase a home that may need repairs or refinance their existing home for the purpose of remodeling.

With the Delaware FHA 203k streamline loan you can borrow up to $35,000 into the mortgage to make improvements or repairs.  The program includes the necessary funds for the renovation by financing the “as-completed” value of the home, rather than the present value.

The Delaware FHA 203k loan is a great option for the following situations Keep Reading...