The FHA does not require the repair of cosmetic or minor defects, deferred maintenance and normal wear if they do not affect the safety, security or soundness of the home.

Fha 203B Appraisal Requirements Can You Buy A Hud Home With Fha Loan 203K Streamline Loan Closing Costs What's the process like for an FHA Streamline 203K loan to. – Types of 203k Loans: The Standard (k) and the Streamlined (k) products allow borrowers to finance the purchase price of the property, closing costs, and repair costs. Another attractive feature of these 203k products is that they require only a 3.5 percent down payment on the gross loan amounts.