203k loan questionI have a question about a streamline 203k loan. For example if a borrower is approved for 180k fha loan and they find a home that is 175k but needs 25k in repairs. My question is would the borrower need to find a home that is 155k and use the remaining 25k as a 203k loan or would the lender approve the borrower for 200k although the initial approval was only 180k? If the later is true how would that affect the dti ratio. Using the example above if the borrower is at the maximum with 180k can he get approved for 200k with an 203k loan without an issue?The information on the web about 203k loans are not that clear to me so any information that you have will be greatly appreciated. June 04 2014 - Canton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.