Renovation loan

HUD FHA 203(k) consultant for Cedar Hill renovation loans

Property assessment, the work write-up, a detailed cost analysis and contractor coordination for FHA 203(k) and Fannie Mae Homestyle renovation loans, kept to HUD guidelines.

Call (469) 658-2483Book an inspection

Why a renovation loan starts with a written scope

A 203(k) loan rolls the purchase or refinance and the repairs into one mortgage. That only works if everyone can see, on paper, what the repairs are and what they will cost. One Stop Shop is owned by Bridgette Miller, a HUD FHA Inspector, and the assessment and write-up she builds is what the lender sizes the loan from.

Renovation projects usually stall in the same two places. The scope leaves out something the house plainly needs, or the contractor bids don't match the scope the lender saw. Both are cheaper to fix on paper than after closing. Call or text (469) 658-2483 from anywhere in the Cedar Hill area and tell us about the house.

How the work write-up gets built

It starts with a property assessment. From that comes the work write-up, a document that lists every repair the house needs, followed by a detailed cost analysis for each one. Everything is kept to HUD guidelines, for FHA 203(k) loans and for Fannie Mae HomeStyle loans too.

Then comes contractor coordination. We have established relationships with reputable contractors who specialize in HUD FHA 203(k) projects, so the bids you collect are written against the same scope instead of three different ideas of the job.

We can connect you with lenders to get approval for a mortgage. Approval is always the lender's decision, but you won't be hunting for someone who understands a renovation loan on your own.

What it costs and what we need to start

The consultant fee follows the size of the repair budget: $450 when repairs come in under $7,500, rising in steps to $2000 at $180,001 and up. The full schedule is set out below, and the intake list beside it shows what to have ready.

If you haven't bought the house yet, a standard home inspection is a sensible first step, and the inspection report tells you which repairs belong in the write-up. If your closing paperwork needs a notary, our mobile notary can come to you.

A 1970s kitchen stripped to the studs mid-renovation, a tape measure and plan sheets on the counter

A 1970s kitchen stripped to the studs mid-renovation, a tape measure and plan sheets on the counter

Bridgette Miller, HUD FHA Inspector. Call or text (469) 658-2483, Monday to Friday, 9 to 5.

Fee schedule

Find your repair budget, read across to the fee.

The consultant fee for the HUD write-up is set by the size of the repair budget, so a small project doesn’t pay for a large one. Rough number in mind? Pick the row it falls in. The cost analysis in the write-up settles the real figure.

The schedule covers the consultant’s write-up. For anything outside it, ask when you call. Still deciding on the house? Start with a home inspection.

Inspection Report / HUD Write-up: consultant fee by repair cost range
Repair cost rangeConsultant fee
Repairs less than $7,500$450
$7,501 to $15,000$550
$15,001 to $30,000$650
$30,001 to $45,000$700
$45,001 to $60,000$800
$60,001 to $75,000$850
$75,001 to $100,000$950
$100,001 to $125,000$1000
$125,001 to $140,000$1250
$140,001 to $180,000$1400
$180,001 and up$2000

Intake form

Have these ready and the write-up can start.

Missing one? Send the request anyway and say so. We’ll sort out what’s needed on the call.

The people
  • Borrower information
  • Lender information
  • Contractor information
The property and the loan
  • Project address
  • Anticipated closing date
  • Loan number
  • HUD case number
The loan type
  • FHA 203(k) or Fannie Mae HomeStyle
  • Purchase or refinance

Send the 203(k) request

Prefer to talk it through? Call or text (469) 658-2483.

Partner lender

Westport Lending, with Kevin Mueller

Westport Lending is a separate company and our partner lender for renovation financing. Contact Kevin Mueller directly about a loan. Want us to make the introduction instead? Call (469) 658-2483 and we will.

Phone
303-880-5280
Email
kmueller@westcapitallending.com
Web
westportlending.com

Part of every home inspection fee also funds repairs for neighbors who can’t afford them. See the repair program.

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