The FHA 203k Streamline Loan: Renovation Financing, Simplified
A Little Work Can Go a Long Way—And This Loan Makes It Easy.
Buying a home that needs a few updates? Or already own one and want to make some much-needed improvements?
The FHA 203k Streamline loan (also known as the Limited 203k) is designed for cosmetic or minor repairs—up to $35,000—rolled right into your mortgage. It’s fast, flexible, and requires far less paperwork than a full renovation loan.
What Is the FHA 203k Streamline Loan?
The FHA 203k Streamline is a simplified version of the standard FHA 203k renovation loan. It allows you to finance minor, non-structural upgrades when purchasing or refinancing your primary residence.
Key Features:
- Finance up to $35,000 in repairs/upgrades
- No structural work allowed
- No consultant required
- Low 3.5% down payment (for purchases)
Flexible FHA credit guidelines
What Repairs Can You Make with a Streamline 203k?
Eligible improvements include:
- Kitchen & bath updates
- Flooring & paint
- Roof repair or replacement
- HVAC systems
- Appliance upgrades
- Energy-efficient improvements
- Minor landscaping or fencing
Not allowed:
- Foundation work
- Room additions
- Structural changes
- Major plumbing or moving load-bearing walls
Need more than $35K or structural work? Check out the Standard FHA 203k Loan.
Who Qualifies for a 203k Streamline Loan?
-
- Credit Score: 580+ (500–579 possible with 10% down)
- Down Payment: 3.5% minimum for purchases
- Primary residence only
- Licensed contractor required
- Repairs must be completed within 6 months
- Borrowers must meet FHA purchase or refinance requirements:
-
Self-employed buyers welcome—ask about Bank Statement FHA Options.
Final Word: The Streamlined Way to Fix What Matters
The 203k Streamline loan gives you just enough flexibility to make the house yours—without biting off more than you can chew. It’s fast, accessible, and perfect for cosmetic renovations under $35K.
Schedule Your Free FHA Renovation Strategy Call
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Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.
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