Drew Mortgage Associates - Best Mortgage Lenders in MA Providing FHA Streamline Loans

1
How the FHA 203k Streamline Loan Process Works?
Are you looking for home loans that include home
repairs too? You can use the FHA 203k streamline
loan to renovate or repair your house!
www.drewmortgage.com
NMLS ID 2856
2
What is a 203k Rehab Loan?
A 203k rehab is a home loan that allows for minor
repairs under a single mortgage. The FHA insures
that an FHA-approved lender will securely handle
the loan.
NMLS ID 2856
3
What Are The Steps To Apply For The FHA
Streamline Loan Program?

• Search for the best FHA 203k loan lenders
• Seek pre-approval
• Collect your documents
• Find out a suitable property

NMLS ID 2856
4
What Are The Steps To Apply For The FHA
Streamline Loan Program?

• For further alterations - consult a loan officer
• Check the houses alteration cost with your local
  contractors
• Forward the contractors bid to your lender
• After you're done determine the appraised value
  of the home

NMLS ID 2856
5
What Are The Steps To Apply For The FHA
Streamline Loan Program?

• You may receive conditional commitment to
  determine the cost of insurance from your lender.
• While closing the mortgage loan, your lender will
  place the amount needed for alterations in an
  escrow account.

NMLS ID 2856
6
Drew Mortgage Associates, Inc.
Please visit the Drew Mortgage website to learn
more about the FHA streamline loan program and
how we can help you apply https//www.drewmortgag
e.com/fha-streamline-refinancing/
Learn More
NMLS ID 2856