203(k) Full Consultant

The FHA 203K Full/Consultant program is designed for those major rehabilitations projects that often require detailed plans, architectural exhibits, permits, etc. Due to the complicated nature of these types of projects, a HUD trained consultant is required to supervise the project. The minimum cost of repairs is $5,000 and there is no maximum amount. Total loan amount is still subject to HUD county maximum limits.This product is available for purchases and rate/term refinances of primary residences.

  Eligible Repairs

• Major structural alterations and additions
• Major landscaping and site improvements
• Repair swimming pool (up to $1,500)
• Install well and/or septic (see below)
• Relocation of load bearing walls
• Converting multi
unit to a single unit or a single unit to a multiunit
• Other major improvements permanently fixed to the existing foundation or structure

Luxury items, such as new swimming pools, hot tubs, tennis courts, gazebos, barbeque pits, saunas, etc.are never allowed.

To get started or if you have any questions you can reach me at jandrews@menloparkfudning.com

Phone: (401)219-1228