Buying a Fixer-Upper That Needs The Gutters Replaced?

New “Limited Repair” FHA Loan for Homeowners

The Federal Housing Administration (FHA) Program Offers Buyers a new type of loan called a Streamlined K or “limited repair” loan gives buyers of fixer-uppers an incentive.  This program allows you to spend a maximum of $35,000 on the following repairs and you can roll it into your mortgage:

  • Exterior/interior painting
  • Replace or repair:
    • a roof
    • windows and doors
    • gutters and downspouts
    • flooring
    • septic systems & wells
    • decks, patios and porches
    • heating and air conditioning systems
    • plumbing and electrical systems
  • Weatherizing your home including insulating, weather-stripping, storm windows and doors.
  • Buy new appliances including washing machines and dryers and microwave ovens.
  • Handicap Accessibility improvements
  • Lead Paint Abatement or paint stabilization
  • Basement remodeling or finishing that doesn’t involve structural changes or basement waterproofing
  • Re-siding

COVID-19 Update

We are open and following all recommended state and national safety recommendations during this time. We can also operate 100% contact free from consultation to job completion if you prefer.
Thank you for your business, and we wish you and your family continued health and safety!
Tim Hanson
Owner, Minnesota Leafless Gutters

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