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 How is the Standard 203k program different from the 203k  Streamlined mortgage?

Home > Faq > How is the Standard 203k program different from the 203k Streamlined mortgage?

How is the Standard 203k program different from the 203k Streamlined mortgage?

  • Up to 5 draws inclusive of the final draw(HUD Consultant determines draws after specific phases of the project). No initial draw is allowed.
  • Up to 6 months of mortgage payments allowed to be financed.
  • The Standard 203k program allows complex repairs and renovations.
 

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