What to Expect from Our 203K Consultant
As one of the most reputed 203K consultants in the Greater Tampa Bay Area, Beryl Engineering & Inspection knows how important it is to complete and file your loan application in time. After all, we have helped over a hundred homeowners and families in the region get accurate estimates.
We help you (the borrower) and the lender close down the 203K loan in a timely manner. Our experience is vital in getting you the right terms and loan amount. Once you hire one of our consultants for the FHA – 203K loan, here is what you can expect in return.
Once you get in touch with us, our consultants will make their way to the site to examine the property and ensure that the loan amount will be enough to cover the improvements. We issue a feasibility report which entails three types of repairs:
The feasibility report will also entail the cost implications of buying a property where necessary.
Preparing Project Specifications
Our 203K consultants are highly experienced in preparing project specifications, which include the estimated cost of construction (for remodeling, renovations), contractor packages (for total work required), and lender packages (down payment, interest rate).
Working With Contractors
Once we have prepared the project specifications, we will issue them to you, your lender, and potential contractors. If you haven’t decided on the contractor, we can help you with that. However, remember that finding a contractor is your decision and you should know that some lenders will have qualification requirements for contractors.
Hence, it is ideal to first talk to your lender and know about their requirements for qualification before agreeing to work with a contractor. Once you know the requirements, you may wish to contact us to help you find a suitable one.
We also assist you after the loan has been approved to ensure everything goes smoothly and your need for taking out the loan is fulfilled. To schedule an appointment, click here.