203k Consulting, Mortgage Loan and Free Inspection Services

Services Below:

While HUD does not guarantee the quality of work an fha 203k consultant provides. Aaron Baldwin has stood the test of time, he has been a HUD Approved 203k Consultant for nearly 20 years. As you know purchasing a home is one of the most important investments you will ever make. When only the best will do. 

Call Same Day 203k Consulting Service
At 323 309-9722 
or email us at info@203kla.com


FHA 203K Streamline Feasibility Study
FHA 203K Full Specification of Repairs
FHA 203K Scope of Work
FHA 203K Full 203k -
FHA 203K Energy Efficiency Mortgage (EEM)
FHA 203K Draw Inspections
FHA 203K Project Management
HUD 203K Consultant Services
Project Consultation – 1 time fee

I. We Conduct A Site Visit
The 203K Consultant meets with the borrower at the site.
A Fesibility Study  is done to make sure the property meets  FHA 203k Guidelines.
If feasible, the buyer signs Consultant Agreement and pays Consultant a retainer fee.

II. The Consultant prepares a detailed Work Write-Up which contains:
Construction cost analysis
Clear, concise project specifications
HUD required draw request forms
Preparation of contractor bid packages
Preparation of lender packages

III. The 203k Consultant delivers the Work Write-Up Packages
Borrower
Lender
Contractor

IV. Selection of a Contractor by the Borrower
The Borrower selects a contractor. Borrowers should be aware that many lenders may have contractor qualification criteria. Some lenders maintain a list of contractors that have met their qualification criteria. Discuss contractor selection with your lender to learn about their contractor requirements. If you’re considering a contractor which has not yet been approved by your lender or has never done a 203(k), it is important that they are informed early on about the 203(k) concept as it applies to contractors.

V. Loan Closes
Repair funds are placed in escrow.
Construction Starts.

VI. 203K Consultant Performs Draw Request Inspections
1st Draw - Consultant insures permits were issued.
2nd and 3rd Draw - Draw request inspections are performed as work progresses.
4th Draw - A punch list is established.
5th Draw - The project is closed out and warranties and lien releases collected.

203(k) Consultant Fee Schedule
(As Established By HUD)

REPAIR AMOUNT
CONSULTANT FEE
$5,000-7,500
$400
$7,501-15,000
$500
$15,001-30,000
$600
$30,001-50,000
$700
$50,001-75,000
$800
$ 75,001 -100,000
$900
$100,000 and up
$1,000