I almost insist that anyone who is getting 203K Renovation Loan, full blown 203K loan or a streamline 203K loan, hire a hud consultant to prepare the work write up.

Why would I pay a hud consultant when I am doing less than $35,000 in renovation?

Although HUD did away with the old VC sheet on appraisals…FHA appraisers can and still do call for repairs to be made prior to closing.  Most consumers, Realtors and loan officers don’t know what the appraiser will call for until after the appraisal is complete.  By having the hud consultant walk through the property prior to the appraisal, any repairs that will be called for by the appraiser are addressed in the work write up and can be completed as part of the project.  By doing this upfront it will eliminate the scramble after the appraisal comes in.