Hud Consultant Fee Schedule

Our Consultant will do a walk trough of the property to determine if the project is feasible. If feasible, the client will sign the Consultant Agreement and pay the hud consultant fee: The fee charged by a 203k consultant is about the same anywhere in the country based on HUD’s Fee Schedule.

FHA 203K HUD Consultant Fee Schedule – – For 2-4 unit properties, there will be an additional fee of $25/unit. HUD does allow for mileage charges when the properties is located outside of the Consultant’s area. Search For A HUD Approved Consultant.

The Draw Request inspection fees which will be included in the Rehab Cost and will be billed to and paid by the lender’s Draw Request Disbursement Dept. The below fees are paid COD, by the buyer at the time of the initial inspection. 203(k) Consultant Fee Schedule (pursuant to HUD Guidelines)

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Effective today, August 10, 2016, Mortgagee Letter 2016-12 permits 203(k) Consultants to charge a Draw Inspection Fee that is reasonable and customary for work performed in the area where the property is located, provided the fee does not exceed a maximum of $350. The previous fee limit was $100.

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 · 203k Consultants. How are they paid? BIG QUESTION! Here is the long and short of it. Back in September of 1995, HUD came out with Mortgagee Letter 95-40 which outlined the charges an inspector could charge. They were known then as a "Fee Inspector", now more commonly called a HUD Consultant.

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Using a HUD 203k Consultant on Bank-Owned Properties Some charge flat fees but more often than not you will see them follow the fee schedule set by HUD. Under this schedule the base fee is $400 for the repairs that range between $5,000 to $7,500. Under this schedule the base fee is $400 for the repairs that range between $5,000 to $7,500.

 · 203(K) Consultant Fees. The 203k consultant’s fee varies depending on the cost of the repair work to be financed through a FHA 203k loan. The actual fees may vary from the amounts published by the HUD in its general fee schedule for the consultants performing the feasibility analysis report and other associated tasks.