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The role of FHA 203k Consultant is to help borrowers who have a Standard 203K Loan. Also to assist with major improvements that will be made on their home renovations.
Streamlined FHA 203k Loans are acquisition and construction FHA Loans that require minor repairs.
Home buyers with a Standard FHA 203k Loan can do a full blown rehab which includes the following:
Here are the costs and duties of a HUD Consultant:
203k Contractors who perform Standard 203k Loans are paid as follows:
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