thank you the link was a wonderful help!

Rebecca,

The Streamlined 203K is a great option if your repairs are under $35K. That gives you quite a bit of room. Here's HUD's info. on it: http://www.hud.gov/offices/hsg/sfh/203k/203kslrp.cfm Click on and down the HUD Mortgagee Letter 2005-50. It details the program and answers what is allowable and has some good Q&As.

Good luck!

With Your Success in Mind,

Shar Rundio
Keller Williams Integrity First Realty
480.560.7255 (direct & text)
shar@speakingofphoenixrealestate.com
Twitter: @SharRundio

Rebecca,

Great question. When you get a chance, please contact Ruth Falcone at Trident Mortgage. She is well versed on what it takes to get things done.

Ruth H. Falcone

Mortgage Consultant

305 2nd Avenue, Suite 210

Collegeville, PA 19426

Phone (610) 831-8112

E-Fax (610)650-5599

ruth.falcone@prufoxroach.com
http://www.ruthfalcone.tridentmortgage.com

Hi Rebecca,

The FHA 203K options have been good ones but they are not without pitfalls. I always advise people to seek advise from the expert in the field. You need to speak with a mortgage loan officer. I have a couple I work closely with and trust their judgement. Call me and I will pass on the contact information. Mortgages have gotten a lot trickier in the last year or so. Always go to a mortgage professional to get mortgage advise.

Nancy Judovits
Weichert, Realtors
Collegeville, PA
610-409-9911x160/Office
610-409-6660/Direct