What is the FHA 203(k) Streamline Loan?

FHA Loan

Loans insured by the FHA. Despite the name, the FHA does not loan money for an FHA loan. Rather, they provide insurance to the lender on loans that meet specific guidelines, including loan limits, LTV, and DTI. The insurance lowers risk, allowing lenders to offer loans to more borrowers, increasing homeownership.

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