A HUD 203(k) Renovation Consultant is one of the most critical resources needed when buying or refinancing a home that requires renovation.

When purchasing or refinancing a property that requires repairs in excess of $35,000 or requires any structural updates,  you will need a professional who has unique experience and expertise in construction, architecture, engineering and building codes. Most homeowners and homebuyers do not have the level of experience or knowledge required to oversee such a major undertaking, and for this reason, a HUD Certified 203(k) Renovation consultant is required by lenders.

Most HUD Certified 203(k) Renovation consultants are State licensed home inspectors, general contractors, and sometimes architects or engineers. To demonstrate their level of experience, HUD requires Renovation Consultants to submit documentation that demonstrates their expertise to HUD (Department of Housing and Urban Development). The requirements are fairly rigorous, and only HUD-approved consultants are listed on the official HUD Certified FHA 203(k) Consultant Roster.

HUD Certified Renovation Consultants are tasked and held accountable for executing deliverables to help direct the lender on the feasibility of the renovation project being considered. Below is a high-level overview of what a 203(k) Renovation consultant is required to complete as part of the renovation process.

A 203(k) consultant evaluates the property and reviews the repairs that will be required to meet HUD’s Minimum Property Standards and any design improvements being considered as part of the renovation.

The consultant prepares documentation that the lender uses to determine the loan amount and underwrite the loan. This Renovation Report typically includes a feasibility study, architectural plans, and a detailed work write-up that reflects specifications on all of the repairs that will be done, including but not limited to:

  • Detailed cost of materials and cost of labor for each specific repair.

  • Recommended contingency funds to be set allocated when cost overruns occur.

  • Recommended inspection schedules, highlighting construction milestones for the purpose of progress inspections and construction payments.

  • So much more!!!

If the lender needs additional documentation,  such as termite inspection reports, roof certifications, septic system evaluations, etc., the consultant and lender partner together to coordinate ordering the reports and making any needed adjustments to various documents.

When your renovation loan closes, which is when the construction work can begin, a Repair Escrow Account is set up for your selected General Contractor to draw from. The 203(k) Renovation consultant inspects phases of repairs as they are completed, and provided the work is done in accordance with building requirements and quality standards, informs the lender that funds can be released from the Escrow Account to pay the General Contractor.


Vaughn Harrison (HUD 203(k) Renovation Consultant ID: A1151) transcends the standard Renovation Consultant requirements by drawing from experience as a Licensed General Contractor, a Corporate Program and Project Manager, an Electronics  Engineer, a Strategic Manager and Licensed Real Estate Managing Broker. When you desire optimum representation in your bank funded renovation project, look no further than Vaughn Harrison.

Contact Harrison Vaughn for more information for your next renovation project!!!