Two Types of 203k Loans. It’s important to note that there are two sub-types of 203k loans: the full 203k, and the Streamline 203k. In this article, we will focus mainly on the Streamline 203k loan, since it is the most popular type, and will suit most homeowners who are looking to buy a fixer-upper.
Hud Title 1 Loan Lenders Fha 203 B Loan Program Fha 203(b) – Mapfe Tepeyac Mortgage Lending – There are several differences between FHA 203(k) home loans and Standard FHA 203(b) home loans, but the primary difference is that the 203(k) home loan is used for home purchases requiring repairs. For example, standard FHA 203(b) mortgages allow repair escrow accounts for up to $5,000 to be set up by homebuyers. Using a repair escrow account.