HUD 203k Loan Consultant in Central Florida

CHUMS ID: A1331 | License HI9899 | 321-222-3116

The FHA 203k loan program allows buyers to finance both the purchase price and rehabilitation costs of a property in a single mortgage. As a HUD-approved 203k consultant with CHUMS ID A1331, we provide the required oversight and documentation services for Standard 203k (full rehab) loans.

What a 203k Consultant Does

• Initial Feasibility Assessment: Before you make an offer, we can assess whether a property qualifies for the 203k program and estimate the scope of required and desired improvements.
• Work Write-Up / Specification of Repairs: We document all required repairs in the format lenders and HUD require — itemized by trade, with estimated costs and contractor guidance.
• Architect & Engineering Coordination: For structural changes, we coordinate with required licensed professionals and ensure their work is properly documented.
• Contractor Bid Review: We review contractor proposals to ensure they match the work write-up and that bids are reasonable.
• Draw Inspections: As work progresses, we inspect completed phases and authorize draw releases from the lender escrow account — typically 2-5 draws depending on scope.
• Final Inspection & Sign-Off: We verify that all work is complete per the work write-up before final draw release and loan closing.

Who Needs a 203k Consultant?

Standard 203k loans (renovation costs over $35,000 or structural work) require a HUD-approved consultant. We work with buyers, agents, and lenders throughout Central Florida including Orange, Seminole, Osceola, Lake, Volusia, and Polk counties.

The Timeline

The 203k process typically adds 30-60 days to a standard closing timeline. Starting the consultant engagement early — ideally before an accepted offer or within days of contract — keeps the loan on schedule.