FHA STREAMLINE 203K GUIDE Items to Look for to Meet HUD Property Standards When making your list of desired improvements, there are some additional items you may overlook or think are too minor to add to the work.
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Peeling or chipped paint
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Exposed wiring
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Signs of mold or mildew
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Missing gutters
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Windows that don’t freely open and close
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Damage to the exterior of home including,
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Missing electrical fixtures, switches/outlets and switch/outlet plates
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Missing flooring, including missing tiles
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Flooring that is in disrepair
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Missing handrails, when there are more than
soffit, fascia, and siding •
Utilities must be turned on and checked for operation
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Inadequate caulking and weather stripping on doors and windows
three steps
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Missing built in appliances
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Roof with less than 2 years of remaining life
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Dampness or water in basement
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Water stains on walls and ceilings
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Water heater in disrepair
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Missing bathroom fixtures and/or cabinet
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Well/septic – does the inspection report state needed repairs
doors •
Signs of termite damage
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Cracks in foundation
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Missing screens on windows
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Renovation program instead of the Streamline
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Missing door knobs
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Missing kitchen fixtures and/or cabinets
DENNIS PAPIERNIK
Mortgage Consultant direct: (630) 873-6342 dennis.papiernik@movementmortgage.com www.dennispapiernik.com NMLS: 197162 www.movementmortgage.com
203k
REAL ESTATE AGENT
Zip Realty Realtor Office: 630.123.1234 Cell: 630.123.1235 TopProducer@Realestate.com www.topproducer.com
Movement Mortgage, LLC is an Equal Housing Lender. NMLS # 39179 | 877-314-1499. Movement Mortgage, LLC is a "Illinois Residential Mortgage Licensee" by the "Illinois Division of Banking" Lic # MB.6760898. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. “Movement Mortgage” is a registered trademark of the Movement Mortgage, LLC, a Delaware limited liability company.