1. FHA STREAMLINE 203(K)
REHABILITATION LOAN PROGRAM
Obtain home loan financing and
the funds for renovation in one loan
Have you found a home that would be perfect HIGHLIGHTS
with a few renovations? FHA Streamline 203(k) features:
Or perhaps you are considering improving your current home, or Q Primary residences that are
renovating your bathroom or kitchen. If any of these possibilities are in 1- to 4-unit properties
your future, an FHA Streamline 203(k) Loan may be a good option for
Q Purchase and rate/term refinancing
your renovation needs.
Q Fixed rate mortgages with 30-year term
The FHA Streamline 203(k) Loan provides financing and funds for the
Q One underwriting review and one
cost of renovation in one easy loan closing process to qualified
closing for rehabilitation construction
borrowers. If you qualify, you will receive a cost-effective single-close
and permanent financing
option that enables you to remodel a kitchen or bath, repair a roof or
make other important improvements to an existing or newly purchased
home that needs renovation. (1)
Advantages to the FHA Streamline 203K
Q Down payment as low as 3.5% Q Cost effective way to renovate an existing home
Q One loan amount for purchase or refinance and repairs Q Mortgage is FHA insured
Q Up to six months allowed for completion of rehabilitation Q Mortgage amount may be also increased when
construction combining EEM (Energy Efficient Mortgage) with the
Q Loan fees may be financed FHA Streamline 203(k)
Q Great tool for REO Properties Maximum loan amounts and other restrictions apply. Ask for details. (1) Borrowers may use the loan to make any improve-
ments that add value to the property and are permanently affixed. Most improvements and repairs are acceptable
for financing; however, the following are ineligible in all cases: new detached living units, improvements intended for
commercial/business use and non-permanent improvements. Some products may not be available in all states. Credit and
collateral are subject to approval. This is not a commitment to lend. Programs, rates, terms and conditions are subject to
change without notice. Terms and conditions apply. All rights reserved. 04-27-2009 PRGM-01-09-0035.C AR76520
Call me today for information and a free loan consultation!
Mike Bon
MLO-119781
Your Future is Our Focus Mortgage Advisor
Cell: 253-495-2095
Mill Creek Office Direct: 425-224-8347
15117 Main Street Suite B106 • Mill Creek, WA 98012 mbon@MAGloans.net
Phone: 425.224.8300 • Toll Free: 888.618.8007
Mortgage Advisory Group’s top-notch customer service is the core of our
outstanding reputation. We pride ourselves on extensive knowledge of
Bellevue Office mortgage programs and regulations, advising you on the best option for
225 108th Ave NE Suite N150 • Bellevue, WA 98004 your needs, today and for years to come.
Office: 425.732.5800 • Toll Free: 877.752.8007
A Lifetime of Mortgage Advice
www.MAGloans.com
Bellevue • Everett • Marysville • Mill Creek • Puyallup • Wenatchee • Woodinville • Arizona
Global Advisory Group, Inc. dba Mortgage Advisory Group Equal Housing Lender Rev. 03/11

2. FHA STREAMLINE 203(K)
REHABILITATION LOAN PROGRAM
FHA 203(k) Streamline Eligible Improvements
Below are the types of improvement that are allowed on the Streamline 203(k) program:
Q Repair/replacement of roofs, gutters and downspouts Q Accessibility improvement for person with disabilities
Q Repair/replacement /upgrade of existing heating, Q Painting, interior and/or exterior
ventilation and air conditioning systems Q Repair/replace/add exterior decks, patios, and
Q Repair/replacement/upgrade of plumbing and porches
electrical systems Q Basement finishing and remodeling which does not
Q Repair/replacement of existing flooring involve structural repairs
Q Minor remodeling, such as kitchens, bathrooms, which Q Basement waterproofing
do not involve structural repairs Q Window and door replacement and exterior wall
Q Weatherization: including storm windows and doors, re-siding
insulation, weather stripping, etc Q Septic system and/or well repair or replacement
Q Purchase and installation of appliances, including
freestanding ranges, refrigerators, washer/dryers,
dishwashers and microwave ovens
FHA 203(k) Streamline Ineligible Improvements
Below are the types of improvement that are NOT ALLOWED on the
Streamline 203(k) program:
Q Major rehabilitation or major remodeling such as the Q Rehabilitation activities that require more than 2
relocation of a load-bearing wall payments per specialized contractor
Q New construction (including rooms additions) Q Walkway or driveways
Q Repair of structural damage Q Required repairs arising from the appraisal that do not
appear on the list of eligible repairs
Q Repairs requiring detailed drawing of architectural
exhibits
Q Landscaping or similar site amenity improvements
Q Luxury items such as swimming pools, hot tubs,
tennis courts, gazebos, barbecue pits, etc.
Q Any repair or improvement requiring a work schedule
longer than 6 months
Bellevue • Everett • Marysville • Mill Creek • Puyallup • Wenatchee • Woodinville • Arizona
Global Advisory Group, Inc. dba Mortgage Advisory Group Equal Housing Lender Rev. 03/11