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FHA 203K
Larry Ott, Sr
1129 Gill Hall Road
Jefferson Hills, Pennsylvania 15025
Phone 412-377-4444 Fax 412-653-0943
Email Ott.inspections@gmail.com
The FHA 203 (K) Insured Mortgage Program
FHA Approved Training course for
FHA/HUD Certified Consultant
New revised Course 2009
This course is recognized by the FHA/HUD, Pennsylvania Office of Vocational Rehabilitation, and the National Association of Certified Inspectors
The FHA 203 (K) Insured Mortgage Program
FHA/HUD Approved Training Course
Become a HUD Certified Consultant
You can earn more money as a HUD Certified Consultant. With 3 years experience as a home inspector you can become a 203k Consultant, making as much as $400.00 to $1,000.00 an inspection, plus $50.00 per draw inspection, and 55 cents per mile over 30 miles round trip.
1. This Correspondence course cost $$650.00 and is being offered for $500.00 including Shipping and Handling to all Inter NACHI members.
2. With your Correspondence course you receive:
1. Training Manual on CD (Hard copy of training manual is available for $75.00).
2. All 17 required Mortgage Letters on CD
3. All 6 required Handbooks on CD
5. The 203k Quiz: This Quiz is put in place so a consultant knows where to look up
answers to questions under the 203K Program.
6. Certification for 203k Consultants: This form must be filled out and signed.
WARNING: HUD will prosecute false claims and statements. Convictions may result in criminal and/or civil/ penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 38020)
All questions to this course will be responded to within 24 hours period.
Email Ott.inspections@gmail.com or by calling 412-377-4444 or Fax 412-653-0943
This course is recognized by the FHA/HUD, Pennsylvania Office of Vocational Rehabilitation, and the National Association of Certified Inspectors
The FHA 203 (K) Insured Mortgage Program
FHA/HUD Approved Training Course
Become a HUD Certified Consultant
You can earn more money as a HUD Certified Consultant. With 3 years experience as a home inspector you can become a 203k Consultant, making as much as $400.00 to $1,000.00 an inspection, plus $50.00 per draw inspection, and 55 cents per mile over 30 miles round trip.
1. This Correspondence course cost $$650.00 and is being offered for $500.00 including Shipping and Handling to all Inter NACHI members.
2. With your Correspondence course you receive:
1. Training Manual on CD (Hard copy of training manual is available for $75.00).
2. All 17 required Mortgage Letters on CD
3. All 6 required Handbooks on CD
5. The 203k Quiz: This Quiz is put in place so a consultant knows where to look up
answers to questions under the 203K Program.
6. Certification for 203k Consultants: This form must be filled out and signed.
WARNING: HUD will prosecute false claims and statements. Convictions may result in criminal and/or civil/ penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 38020)
All questions to this course will be responded to within 24 hours period.
Email Ott.inspections@gmail.com or by calling 412-377-4444 or Fax 412-653-0943
Biography of Larry Ott, Sr.
Approved Trainer
In 1996 I was ask by Alfred F. Curotola Acting Director of the Single Family Housing Division and his staff to develop a training manual and train consultants working within the jurisdiction of the Western Pennsylvania field office. The training manual was approved, and was contingent upon me allowing HUD employees to continually attend and monitor each session.
In 1997 I was invited to Washington D.C to meet with Kenneth Crandall, the head architect of the 203K program, now retired, and his staff. I was asked to train consultants and develop a training manual that could be used nationally. This newly developed training manual includes all the 203(K) Handbooks and Mortgage Letters, and was approved by Vance T. Morris Director, Home Mortgage Insurance Division, and U.S. Department of Housing and Urban Development on February 5th, 1998.
HUD APPROVED INSPECTION FEES:
All inspection fees are based on renovation cost:
All inspection fees are paid at the time of inspection:
$ 400.00 $ 5,000.00 To $ 7,500.00 Plus 55 cent per mile over 30 miles round trip
$ 500.00 $ 7,501.00 To $ 15,000.00 Plus 55 cent per mile over 30 miles round trip
$ 600.00 $ 15,001.00 To $ 30,000.00 Plus 55 cent per mile over 30 miles round trip
$ 700.00 $ 30,001.00 To $ 50,000.00 Plus 55 cent per mile over 30 miles round trip
$ 800.00 $ 50,001.00 To $ 75,000.00 Plus 55 cent per mile over 30 miles round trip
$ 900.00 $ 75,001.00 To $ 100,000.00 Plus 55 cent per mile over 30 miles round trip
$ 100,000.00 and over consult your lender.
Feasibility Study: $ 100.00
under the203k program, 5 draws are permitted; all draws over the program limit are the responsibility of the client or contractor.
Feasibility study is a quick inspection of the property, with a “rough estimate” of work that will be necessary to comply with HUD’s requirements. Feasibility study is additional to the above fee chart.
When travel distance exceeds 30 miles round trip from inspectors office 55 cents per mile may be applied to the above charges, including road tolls and other charges where applicable.
Multi family, consisting of up to 4 units, adds $ 25.00 per unit doing Consulting.
Multi family, consisting of up to 4 units, adds $ 25.00 per unit doing Review.
Consultant preparation consists of the following:
1. Consultant agreement Package
2. Specification of all renovations.
3. Complete narrative description of renovations.
4. Contractors bid sheets.
5. Complete draw request form HUD 9746-A
6 Change Order form HUD 92577
Approved Trainer
In 1996 I was ask by Alfred F. Curotola Acting Director of the Single Family Housing Division and his staff to develop a training manual and train consultants working within the jurisdiction of the Western Pennsylvania field office. The training manual was approved, and was contingent upon me allowing HUD employees to continually attend and monitor each session.
In 1997 I was invited to Washington D.C to meet with Kenneth Crandall, the head architect of the 203K program, now retired, and his staff. I was asked to train consultants and develop a training manual that could be used nationally. This newly developed training manual includes all the 203(K) Handbooks and Mortgage Letters, and was approved by Vance T. Morris Director, Home Mortgage Insurance Division, and U.S. Department of Housing and Urban Development on February 5th, 1998.
HUD APPROVED INSPECTION FEES:
All inspection fees are based on renovation cost:
All inspection fees are paid at the time of inspection:
$ 400.00 $ 5,000.00 To $ 7,500.00 Plus 55 cent per mile over 30 miles round trip
$ 500.00 $ 7,501.00 To $ 15,000.00 Plus 55 cent per mile over 30 miles round trip
$ 600.00 $ 15,001.00 To $ 30,000.00 Plus 55 cent per mile over 30 miles round trip
$ 700.00 $ 30,001.00 To $ 50,000.00 Plus 55 cent per mile over 30 miles round trip
$ 800.00 $ 50,001.00 To $ 75,000.00 Plus 55 cent per mile over 30 miles round trip
$ 900.00 $ 75,001.00 To $ 100,000.00 Plus 55 cent per mile over 30 miles round trip
$ 100,000.00 and over consult your lender.
Feasibility Study: $ 100.00
under the203k program, 5 draws are permitted; all draws over the program limit are the responsibility of the client or contractor.
Feasibility study is a quick inspection of the property, with a “rough estimate” of work that will be necessary to comply with HUD’s requirements. Feasibility study is additional to the above fee chart.
When travel distance exceeds 30 miles round trip from inspectors office 55 cents per mile may be applied to the above charges, including road tolls and other charges where applicable.
Multi family, consisting of up to 4 units, adds $ 25.00 per unit doing Consulting.
Multi family, consisting of up to 4 units, adds $ 25.00 per unit doing Review.
Consultant preparation consists of the following:
1. Consultant agreement Package
2. Specification of all renovations.
3. Complete narrative description of renovations.
4. Contractors bid sheets.
5. Complete draw request form HUD 9746-A
6 Change Order form HUD 92577
Application Process
To apply for placement on the FHA 203(k) Consultant Roster, an applicant must submit the information listed below to the HOC in the area in which he/she will be conducting business.
Placement on the roster by one HOC will be recognized by all HOCs. However, the 203(k) consultant must notify the HOC if his/her primary location of business changes.
The application information should be submitted in the following format. A list or resume documenting:
• A minimum of three years experience as a remodeling contractor, general contractor or home inspector. A state license as a state certified engineer or architect may be submitted in lieu of the documentation of the three years experience;
• Education; • Licensing (general contractor, home inspector, etc.). In those states where a Home Inspector is required to be licensed, the Department requires the applicant to be licensed and to provide proof of that licensing;
• A narrative description of the current/prospective consultant's ability to perform home inspections, prepare architectural drawings, use proper methods of cost estimating and complete draw inspections; and,•
The applicant must also submit a certification verifying that the consultant has read and fully understands the requirements of HUD Handbook 4240.4, REV 2 (203(k) Handbook) and all related materials listed in Attachment 1 of this Mortgagee Letter .Future Program Enhancement
To further evaluate the 203(k) consultant's program knowledge, the Department will soon develop a formal examination process similar to the test FHA appraisers must now complete.
The Department will issue additional guidance about this examination in the near future.
Disclaimer:
Taking this course is not a requirement and or a guarantee that HUD will approve you as a 203k Certified Consultant.
If you have any questions about the 203 (K) program to becoming a CERTIFIED CONSULTANT under the 203 K program, please do not hesitate to contact me at 412-377-4444 Fax 412-653-0943 or e-mail me at Ott.inspections@gmail.com
To apply for placement on the FHA 203(k) Consultant Roster, an applicant must submit the information listed below to the HOC in the area in which he/she will be conducting business.
Placement on the roster by one HOC will be recognized by all HOCs. However, the 203(k) consultant must notify the HOC if his/her primary location of business changes.
The application information should be submitted in the following format. A list or resume documenting:
• A minimum of three years experience as a remodeling contractor, general contractor or home inspector. A state license as a state certified engineer or architect may be submitted in lieu of the documentation of the three years experience;
• Education; • Licensing (general contractor, home inspector, etc.). In those states where a Home Inspector is required to be licensed, the Department requires the applicant to be licensed and to provide proof of that licensing;
• A narrative description of the current/prospective consultant's ability to perform home inspections, prepare architectural drawings, use proper methods of cost estimating and complete draw inspections; and,•
The applicant must also submit a certification verifying that the consultant has read and fully understands the requirements of HUD Handbook 4240.4, REV 2 (203(k) Handbook) and all related materials listed in Attachment 1 of this Mortgagee Letter .Future Program Enhancement
To further evaluate the 203(k) consultant's program knowledge, the Department will soon develop a formal examination process similar to the test FHA appraisers must now complete.
The Department will issue additional guidance about this examination in the near future.
Disclaimer:
Taking this course is not a requirement and or a guarantee that HUD will approve you as a 203k Certified Consultant.
If you have any questions about the 203 (K) program to becoming a CERTIFIED CONSULTANT under the 203 K program, please do not hesitate to contact me at 412-377-4444 Fax 412-653-0943 or e-mail me at Ott.inspections@gmail.com
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