HUD 203K RENOVATION CONSULTING SERVICES
Navigating HUD 203(k) loans with construction knowledge you can trust.
At City Home Inspectors, we proudly offer HUD 203(k) Consulting Services to homeowners, buyers, and investors using FHA’s 203(k) Renovation Loan program.
A 203(k) loan allows you to finance both the purchase (or refinance) of a property and the cost of necessary repairs or renovations in a single mortgage. As your HUD-approved 203(k) Consultant, we guide you through the process from start to finish, ensuring your project runs smoothly and stays compliant with HUD requirements.
What We Do as Your 203(k) Consultant:
Feasibility Study – Evaluate the property and provide a clear assessment of what repairs or upgrades are needed.
Work Write-Up & Cost Estimates – Prepare the detailed scope of work, itemized cost breakdown, and HUD-required documentation for the lender.
Draw Inspections – Conduct progress inspections throughout the renovation, verifying that work is completed properly before funds are released.
Guidance & Compliance – Help navigate HUD guidelines, ensuring your project stays on track and within budget.
Why Choose Us:
With over 20 years of experience in general construction and more than 10,000 property inspections completed, City Home Inspectors brings unmatched expertise to the 203(k) process. Our background as licensed home inspectors and former contractors means we understand not only the inspection side but also the realities of construction, budgeting, and project management.
Who Can Benefit:
Homebuyers purchasing a fixer-upper
Homeowners refinancing to renovate or modernize their property
Investors looking to maximize property value through improvements
By working with City Home Inspectors, you’ll have a trusted partner ensuring accuracy, accountability, and quality every step of the way.
Ready to get started? Contact us today at 866-422-9843 or click on the following link to schedule your 203k Consultation Today.
HUD 203(k) Consulting FAQs
Q: What is a HUD 203(k) loan?
A: A 203(k) loan lets you finance both the purchase (or refinance) of a home and the cost of repairs or
renovations with one mortgage. It’s designed to help buyers or owners update properties without
needing separate financing for improvements.
Q: What does a 203(k) consultant do?
A: As your HUD-approved consultant, we evaluate the property, outline needed repairs, prepare cost
estimates, and complete HUD-required paperwork. We also perform draw inspections throughout the
renovation to ensure work is completed properly before funds are released.
Q: Who benefits from a 203(k) loan?
A: Homebuyers purchasing fixer-uppers, homeowners refinancing for upgrades, and investors
improving property value all benefit. It’s a flexible option when homes need work that standard financing
doesn’t cover.
Q: What is a feasibility study?
A: A feasibility study is an initial evaluation of the property. We identify needed repairs, confirm the
project qualifies under HUD guidelines, and provide a clear assessment of what improvements are
possible before moving forward.
Q: What is a work write-up and cost estimate?
A: It’s a detailed scope of work with itemized costs. This HUD-required document helps lenders,
contractors, and borrowers stay aligned on the project plan and budget.
Q: What are draw inspections?
A: Draw inspections are progress checks during the renovation. We confirm work is complete before
funds are released to contractors. This ensures accountability and keeps projects compliant with HUD
standards.
Q: How much does 203(k) consulting cost?
A: Pricing depends on property size and project scope. After collecting your property details and
planned renovations, we’ll provide a tailored quote. Fees follow HUD guidelines and are typically
financed into the loan.
Q: Do you work with contractors?
A: Yes, but we don’t hire or manage contractors directly. We coordinate with your chosen licensed
contractors to ensure their work aligns with HUD requirements and your approved project scope.
Q: What’s the difference between Limited 203(k) and Standard 203(k)?
A: Limited 203(k) loans cover non-structural repairs up to $35,000. Standard 203(k) loans are for larger
projects, including structural changes, with no set maximum repair cost (subject to FHA loan limits).
Q: How do I get started?
A: Book online or call our office to share your property details and project goals. We’ll review the scope,
explain the process, and guide you through each step to keep your renovation on track and compliant.
OFFICE ADDRESS
Illinois
City Home Inspectors, LLC
1010 Lake St. #200
Oak Park, IL 60301
Florida
1010 Lake St. #200
Sarasota, Fl 34236