Building and other permits
Consultant fees
Contingency reserves
Discount points
Inspection fees
Mortgage payments for up to 6 months (only permissible for Standard 203(k)
Supplemental origination fee
Title update costs
203K Maximum Loan Amount
Maximum loan amount is the lesser of:Purchase price + rehabilitation costs,
or
“As-is” value plus rehabilitation costs, or
110% of the “after improved” value x the loan to value (LTV) factor or less the allowable down payment for a HUD REO property. Not to exceed the maximum loan limit for the area.
RESOURCE: https://www.hud.gov/sites/documents/WB_FHA203K_09-24-14_REV.PDF
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