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203k Loan Consultant
Kansas City


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FHA 203(k) Consulting

Are You Getting A 203(k) Renovation Loan And Looking For A  Certified 203(k) Consultant?

Look no further! We are nationally approved HUD/FHA 203(k) consultants and work harder to protect your interests than any other consultant in Kansas or Missouri.

From large to small renovations we are here to assist you in every step of the 203(k) loan process. From determining whether a property will meet your needs and HUD’s, to providing cost estimates, site visits and the proper forms our consultants can do it all.

Why Do You Need A FHA Consultant For 203(k) Renovation Loans?

Simply put, to protect you and the property you are investing in and to ensure renovations are properly completed. The job of a 203(k) Consultant is many. 

What does a 203(k) Loan Consultant do?

I. Site Visit

  • Our consultant meets with you the borrower at the property
  • A general Feasibility Review of the work to be done and ANY rehab or improvements needed for HUD determines if a project is feasible

II. Detailed Report Contain:

  • Clear project specifications
  • Construction cost estimates or analysis
  • Preparation of lender paperwork
  • HUD required draw request forms
  • Preparation of contractor bid packages

III. Consultant Delivers the Package For Use By:

  • The lender
  • The borrower
  • The contractor

IV. Selection Of A Contractor By The Borrower:

  • The borrower selects a contractor. Please note that some lenders may have Preferred Contractors they want you to use. Some lenders maintain a list of contractors that meet the lenders qualification criteria. If you’re considering a contactor which has not yet been approved by your lender or has never done a 203(k) renovation, it is important that they are informed early on about the 203(k) requirements and guidelines as it applies to contractors

V. Loan Closes

  • The property is bought
  • Repair funds are placed in escrow
  • Rehab or Remodeling begins

VI. Consultant Performs Draw Request Site visits

  • 1st Draw - Consultant insures permits were issued for work, and Consultant insures Draw Request work has been performed properly and determines the % to be released from Repair Funds
  • 2nd Draw & 3rd Draw - Consultant insures Draw Request work has been performed properly and determines the % to be released from Repair Funds
  • 4th Draw - Consultant insures Draw Request work has been performed properly and determines the % to be released from Repair Funds. A punch final list is established
  • 5th Draw - The project is closed out and warranties and liens are collected

Cities I Service in Missouri & Kansas for FHA-203(k) Loans

MISSOURI - Bates City, Belton, Blue Springs, Buckner, Drexel, Excelsior Springs, Freeman, Garden City, Gladstone, Grain Valley, Grandview, Greenwood, Harrisonville, Higginsville, Holden, Holt, Independence, Kansas City, Kearney, Lathrop, Lawson, Lee’s Summit, Lexington, Liberty, Lone Jack, North Kansas City, Oak Grove, Odessa, Parkville, Platte City, Pleasant Hill, Raymore, and Raytown, Richmond, Riverside, Smithville, Warrensburg, Weston.

KANSAS – Atchison, Baldwin City, Basehor, Bonner Springs, Bucyrus, Desoto, Edgerton, Edwardsville, Eudora, Fairway, Gardner, Kansas City, Lansing, Lawrence, Leavenworth, Leawood, Lenexa, Louisburg, Merriam, Mission, Mission Hills, Olathe, Osawatomie, Ottawa, Overland Park, Paola, Prairie Village, Roeland Park, Shawnee, Shawnee Mission, Springhill, Stilwell, Tonganoxie, Wellsville and Westwood

I will also do FHA-203(k) or Fannie Mae HomeStyle projects further out, BUT pricing is dependent upon the travel time, distance and extent of the Rehab or Repairs and the scope of the project / analysis.