If one is looking to purchase a home in need of repair, there are several options currently available in which one can finance home repair costs into the purchase of a property. The most notable are the FHA 203k and Streamlined K, as well as Fannie Maes Homestyle and EasyFix Products. We will take a look at some of the features of these products over the next few paragraphs.

For more information on the differences between the FHA 203k, FHA Streamline K, the Fannie Mae Homestyle, and Fannie Mae Easy Fix, contact Mortgage Info Guide at or info@themortgageinfoguide.com for more information.

The Streamline K is a great way to finance upgrades such as a new furnace, replace flooring, and for upgrades of the HVAC systems. The Streamline K does not allow for major remodeling, however.

The FHA Streamline K allows for repairs of up to 35k to be financed into the purchase of a home with only a 3% down payment. This is a great way to finance minor upgrades and cosmetic repairs into a home purchase.

The FHA 203k and Streamlined K are only for primary, owner-occupied properties. The Fannie Mae Homestyle and EasyFix allow for Investment Properties of 1 and 2 units at reduced LTV's. Fannie mae's Homestyle and EasyFix allow for second homes as well.

Fannie Mae's Easy Fix allows for up to 25k of financed repairs into a home purchase with only a 5% down payment. This is a great way to finance home repairs into a home purchase with loan amounts up to the conforming limit of 417k.