HUD / 203K Consultant

[sfusselman (Steve Fusselman, TREC 10405)]

Can someone enlighten me on the topic of HUD Inspections and being a 203K consultant for HUD.

• What is the difference between these type inspections and a general buyers home inspection?
• Is there a different reporting form for these inspections?
• Are these type inspections ones that you price or is the pricing determined by HUD?

I know you have to be approved through HUD to qualify to perform these inspections but I do not know all the details of the process. I have mortgage contacts asking me to get qualified.

Can anyone help explain the above questions?

Thanks so much for your help!

[spayson (Stephen Payson, CMI)]

Been getting a lot of calls for those4 lately. Don’t know much about them, but you do need to be certified. From what I understand, the 203K inspection is not as thorough as a standard home inspection, but you are required to give cost estimates for your findings.

[mgoldenberg (Marc Goldenberg, Inspector # HI1365)]

@sfusselman

Can someone enlighten me on the topic of HUD Inspections and being a 203K consultant for HUD.

• What is the difference between these type inspections and a general buyers home inspection?
• Is there a different reporting form for these inspections?
• Are these type inspections ones that you price or is the pricing determined by HUD?

I know you have to be approved through HUD to qualify to perform these inspections but I do not know all the details of the process. I have mortgage contacts asking me to get qualified.

Can anyone help explain the above questions?

Thanks so much for your help!

Oh boy with those questions.
Hopefully one of the most competent 203K inspectors in the USA will chime in - Paul Lesieur!