|203(k) Consultant Fee Schedule
(as established byHUD)
|So, How Much Does a 203(k) Consultant Charge?
A base fee of $400 is paid to the Consultant at the initial Site Visit, the balance due (based on the above chart) is paid to the
Consultant at closing from escrow. IF YOUR HUD CONSULTANT ASKS FOR THE FULL FEE UP FRONT, DO NOT USE THEM.
In order to complete the FHA/HUD package, the Consultant will meet with the Borrower at the residence where the work is to be
completed. A walk-through noting life/safety issues will be performed, noting all FHA minimum property standards and required
repairs, as well as the Borrowers wish list, modifications, or upgrades desired. The Consultant must also verify that the
property meets the $5,000 minimum repair value to be eligible for the HUD/FHA 203(K)program.
|400 Lawrence Street Marietta GA 30060
HUD Approved 203(k) Consultant, FLA. & GA. FHA Compliance Inspector
Christopher Colvin is a HUD/FHA 203(k) Consultant & Inspector for the State of Georgia and Alabama.
Please call 404.680.5773 with any questions or to schedule a Consultation.
Changing the floor plan and moving walls around?
You WILL need a building permit, and you WILL need permit
**Regardless if the loan is Streamline or Full 203(k)**
It is strongly advised PERMIT DRAWINGS be prepared by
someone other than the Contractor. Please ask Chris about how
the fee to prepare these can be rolled into your closing costs to
limit your out of pocket expenses. Many of our most dynamic
203(k) projects were consulted, designed and inspected by
We are Georgia's foremost 203(k) consult / design firm for 203(k).
Please review our "Design" link to see the many projects we
have completed, many of which were designed and built within
the 203(k) program.
|Widely recognized for expertise and professionalism within the HUD 203(k) remodeling loan program,
Christopher can answer any questions that you have about monitored construction loans. Many of our most
successful projects were designed, built and funded using HUD 203(K).