Streamline 203k

FHA Streamline 203K PROGRAM TRAINING Offered through Affinity Lending Group Affinity Lending Group Desktop Underwriter is a registered trademark of Fannie Mae. Loan Prospector is a registered trademark of Freddie Mac. This presentation is a summary and is not complete. Contact your ALG AE for complete program guidelines. This information is for mortgage professionals only and should not be distributed to or used by consumers or other third-parties. Information is accurate as of the date shown below and is subject to change without notice. 07/24 /2008

[object Object],[object Object],Introduction 06/06/09 Affinity Lending Group has been around since 2003. Since then, ALG has been opening doors to the American Dream. It’s all we do and we do it well. Discover today why Affinity Lending Group is your First Time Home Buyer and Down Payment Assistance Headquarters! Affinity Lending Group

History of Affinity Lending Group ,[object Object],[object Object],[object Object],[object Object]

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Uses of Streamlined (k) ,[object Object],[object Object],[object Object]

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Eligible Improvements ,[object Object],[object Object],[object Object]

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Improvements Continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Energy Improvements ,[object Object],[object Object],[object Object],[object Object]

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Contractor ,[object Object],[object Object],[object Object],[object Object]

Underwriting the 203(k) Loan ,[object Object]

Appraisal Issues ,[object Object],[object Object]

What May be Included in Rehab Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]

Who Can Get a 203(k) ,[object Object],[object Object]

Standards for Work ,[object Object],[object Object]

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Rehab Period ,[object Object],[object Object]

Draws ,[object Object],[object Object],[object Object]

Eligible REO Properties ,[object Object],[object Object],[object Object],[object Object],[object Object]

Lead-based Paint Stabilization ,[object Object],[object Object],[object Object],[object Object],[object Object]

HUD’s Credit for Stabilization ,[object Object],[object Object],[object Object]

Sales Incentives ,[object Object],[object Object],[object Object]

[object Object],[object Object],06/06/09 Affinity Lending Group

Streamline 203k

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Streamline 203k