Comments on: What’s the Difference? — Full FHA 203K & Streamline 203K? http://www.myfhamortgageblog.com/2009/04/whats-the-difference-full-fha-203k-streamline-203k/ FHA Loans - Providing Hope for Homeowners Wed, 17 Mar 2010 07:47:06 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jonathan Blackwell http://www.myfhamortgageblog.com/2009/04/whats-the-difference-full-fha-203k-streamline-203k/comment-page-1/#comment-179 Jonathan Blackwell Thu, 09 Apr 2009 04:22:54 +0000 http://www.myfhamortgageblog.com/?p=3935#comment-179 Thanks Brian! One key part of your comment is "our HUD consultant" says... HUD Consultants are only required on Full 203K loans. Full 203K loans will allow SOME landscaping if the underwriter can determine that it increases the property value. Streamline 203K loans don't allow landscaping at all, per HUD, unless you can unequivocally prove that the landscaping is needed for the safety and longevity of the house. With that said you can sometimes get grading / erosion issues through underwriting on a streamline 203k. Thanks Brian! One key part of your comment is “our HUD consultant” says… HUD Consultants are only required on Full 203K loans. Full 203K loans will allow SOME landscaping if the underwriter can determine that it increases the property value.

Streamline 203K loans don’t allow landscaping at all, per HUD, unless you can unequivocally prove that the landscaping is needed for the safety and longevity of the house. With that said you can sometimes get grading / erosion issues through underwriting on a streamline 203k.

]]> By: Brian Wiesner http://www.myfhamortgageblog.com/2009/04/whats-the-difference-full-fha-203k-streamline-203k/comment-page-1/#comment-174 Brian Wiesner Wed, 08 Apr 2009 00:29:01 +0000 http://www.myfhamortgageblog.com/?p=3935#comment-174 Hey Jonathon...great insight into the 203K's. But our HUD consultant out here in CA says we specifically can spend up to $1,500 on irrigation and landscaping. Anything that "increases the curb appeal" of the house. (read neighborhood values) Brown grass is no good out here. Maybe a different interpretation specific to the market. Hey Jonathon…great insight into the 203K’s. But our HUD consultant out here in CA says we specifically can spend up to $1,500 on irrigation and landscaping. Anything that “increases the curb appeal” of the house. (read neighborhood values) Brown grass is no good out here. Maybe a different interpretation specific to the market.

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