FHA 203k CONSULTANT
Home buyers planning on securing FHA 203k financing must work closely with 203k consultants to coordinate the various steps involved through out the process.
If the residential property being considered for purchase by the buyer is in need of repairs and the scope of the work to be done exceeds beyond the 203k streamline guidelines, then the following essential steps involves the involvement of a HUD-accepted 203k consultant.
HUD-Accepted/FHA 203k Consultant #D1116
Why a 203k Consultant?
An approved 203k consultant is needed on all standard 203k loans to handle the tasks related to work write-up, draws and inspections. A 203k consultant is like a football team’s offensive coordinator – a point guard that runs plays on basketball court and a star infielder – all in one. Seem like an exaggeration? When it comes to 203(k) consultants the comparison is accurate: we really can be the most valuable member of the team that helps out when you buy a home and make major repairs with a standard FHA 203k renovation loan – also called a Consultant K* loan. Think of us as your own mini "project manager" to add a peace of mind to the project.