203k Consulting Los Angeles 323 309-9722

Same Day 203k

HUD Approved 203k Consultant

Call Now For Same Day Service 323 309-9722

We take pride in our work, we help educate homebuyers and guide them through the FHA 203k Loan Process. Many of our clients are first time homebuyers. As trained professionals we are dedicated to our clients, and servicing their needs.

We work with most lenders and mortgage companies. We combine the industry’s latest 203K software with our years of experience, and expertise. 

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.

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