This document provides a checklist of items to inspect for a 203K Streamline loan. The checklist includes 27 potential issues ranging from peeling paint and mold to foundation cracks and missing appliances. It notes that minor items may be overlooked in repair lists and that the appraiser will check for compliance with HUD minimum property standards. A basic repair checklist is also included to catch commonly missed repairs required by FHA and HUD.

1. 0211-38B
203K Streamline Customer Checklist
Peeling or chipping paint
Any signs of mold or mildew
All windows freely open and close
Missing electrical fixtures, switches/outlets
and switch/outlet plates
Missing flooring, including missing tiles
Flooring that is in disrepair
Handrails, if there are more than three steps
Approximate remaining life of the roof
(there should be at least two years)
Water stains on walls and ceilings
Missing bathroom fixtures and/or
cabinet doors
Signs of termite damage
Missing screens on windows
Missing door knobs
Missing kitchen fixtures and/or cabinets
Exposed wiring
Missing gutters
Damage to the exterior of home including
soffit, fascia and siding
Utilities must be turned on and checked for
operation
Adequate caulking and weatherstripping on
doors and windows
Missing built-in appliances
Dampness or water in basement
Hot water heater — make sure it has a
relief valve
Well/septic system — does the inspection
report state needed repairs?
Cracks in foundation — if cracks are present
you will need to use a different renovation
program instead of the Streamline 203K
When putting together your list of repairs, some minor items may be overlooked. These items will be
noticed by the Appraiser, as they are a part of HUD minimum property standards. Checking for these items
up-front will help to expedite your transaction.
Basic Repair Checklist:
Note: This is not a complete list of FHA/HUD minimum property standards. These are the most
commonly missed repairs.
* Product is only available for 30-year fixed owner-occupied loans.
Senior Loan Officer
2250 Douglas Boulevard, Suite 100 & 110
Roseville, CA 95661
Office: (916) 235-3989
Fax: (877) 284-9071
Sheri.McLaughlin@prospectmortgage.com
http://www.myprospectmortgage.com/SMcLaughlin
NMLS#: 448414; Branch ID: 300669
I am licensed to originate mortgage loans in the following state(s):
CA
Loan inquiries and applications will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA
91403, 800-464-2484. Prospect Mortgage, LLC, NMLS ID #3296, (www.nmlsconsumeraccess.org) is a Delaware limited liability company licensed by the Department of Business Oversight under the California
Residential Mortgage Lending Act and operates with the following licenses: AZ Mortgage Banker License #BK0903027; Georgia Residential Mortgage Licensee #16984; Illinois Residential Mortgage Licensee; MA
Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; Licensed by the NH Banking Dept.; Licensed by the NJ Dept. of Banking and Insurance; Operates as Prospect Lending, LLC in NY located at
711 Westchester Avenue, Suite 304, White Plains, NY 10604 (Licensed Mortgage Banker – NYS Department of Financial Services); RI Licensed Lender, RI Licensed Loan Broker; In Texas, located at 8650 Freeport
Parkway, Suite 130, Irving, TX 75063. This is not an offer for extension of credit or a commitment to lend. Loans are currently being closed and committed at the expressed rates, however these rates may change
or may not be available at the time of your loan lock-in, commitment or closing. All loans must satisfy company underwriting guidelines, interest rates and APRs are based on recent market rates, are for
informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value ratio, credit score and other variables. Terms and
conditions apply. Additional loan programs may be available. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law. Call for details. 03/2015
Sheri McLaughlin