FHA 203k FAQ's - What does a HUD Consultant Do?
10/30/2024
The HUD Consultant has a big responsibility. The Consultant's job is to be there to help hold your hand and walk you through the renovation loan process.
- We help create your scope of work for the project.
- We provide an estimate, if asked for, to help you understand a ROUGH guess on what your project may cost.
- We provide expertise and knowledge on navigating through the FHA, VA, USDA, and Conventional loan space.
- We help the contractor format his bid to fit the lenders needs.
- We provide the proper paperwork needed by your lender to get the job to closing.
- We provide progress reports once your project begins.
- We help navigate unforeseen issues that arise when the project begins.
We Do ALOT.
Watch the full video for a breakdown on why HUD Consultants are so important to the FHA 203k Renovation Loan Process!