FHA Limited 203(k) Updates
Effective immediately CalHFA will follow updated FHA guidelines for the Limited 203(k) program.
Highlights include updated total rehabilitation cost not to exceed $75,000 and an extended time frame for completion to 9 months.
As a reminder, please review Lakeview Loan Servicing Guidelines and FHA’s Mortgagee Letter 2024-13 for complete details.
For complete announcement, please read Program Bulletin #2024-08 - FHA Limited 203(k) Updates
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