Contact a 203k Lender and get pre-qualified. We can assist you in finding a lender in your area that we’ve worked with to insure that you’ll get the best service.

Hire a real estate professional to assist in finding a suitable property. Always choose one that understands 203k.(If you’re refinancing an existing loan with a 203k, a real estate professional is not needed)

Set an appointment with us as your203k Consultants. As your consultant I will meet you at your site and review copies of the contracts and agreements required for the 203k loan given to you by your lender that you will need to sign prior to the close of the loan. After our meeting and the HUD/FHA Home Inspection that I will provide, I will create a “Job Specification & Bid Request”, which is a list of the FHA required repair items to be completed.I will also list inclusions you may want to add like new cabinets and flooring, window etc.I will also forward copies of the various reports to your lender to assist you in the loan process.

Get contractor bids by using the “Job Specification & Bid Request” prepared by me as your consultant.

Choose a contractor. As your consultant I can assist you in this process and verify contractor compliance to the specifications. The lender will hire an appraiser and once the appraisal report is done, in most cases, your lender can close the loan.

Schedule the contractor to begin the work. Once the work begins the contractor will require continuing inspections called “Draw Requests” to get progress payments for the work as it’s completed. As your consultant I will inspect the project and prepare these documents and repeat the procedure until the project is complete.