LOUISIANA REAL ESTATE INSPECTION INCORPORATED

Licensed Home Inspector #10012

938 LAFAYETTE STREET . SUITE 432, NEW ORLEANS, LA 70113

OFFICE 504-525-4398     

E-MAILapolmer@aol.com

 

HOME

FHA  203K

A ONE TIME CLOSING REHAB LOAN WITH A 3% DOWN PAYMENT, WHICH ALLOWS A HOMEBUYER TO BORROW FUNDS TO PURCHASE AND RENOVATE A HOME

 

USUALLY THESE LOANS CAN BE CLOSED WITHIN 30-45 DAYS, LIKE ANY OTHER LOAN PROVIDED CERTAIN DOCUMENTS HAVE BEEN SUBMITTED IN A TIMELY MANNER

 

USE OF AN HUD APPROVED 203K CONSULTANT FACILITATES THIS PROCESS

 

CONSULTANT’S JOB:   

HELPS THE LOAN CLOSE FASTER!

 

1.     INSPECTS THE PROPERTY FOR  “HEALTH & SAFETY” DEFECTS (ELECTRICAL, PLUMBING, HEATING, ROOF AND STRUCTURE)                                                                                    

 2.     LISTENS TO BORROWER REGARDING OTHER DESIRED IMPROVEMENTS  (ADDITIONS, KITCHEN & BATHROOM UPGRADES, DECK, FENCING ETC.)

 

3.     HELPS DEVELOP A CONSTRUCTION PLAN AND BUDGET

 

4.     PREPARES A “BALLPARK COST ESTIMATE” FOR THE BORROWER & LENDER

 

5.     REVIEWS CONTRACTORS PLAN & BID

 

6.     PREPARES A HUD “WORK WRITE-UP” (11 PAGE) DOCUMENT FOR APPRAISER BASED UPON CONTRACTOR’S BID

 

7.     PREPARES HUD PLAN REVIEW & DRAW SCHEDULE WITH LINE ITEM COSTS

 

8.     AFTER CLOSING, DURING CONSTRUCTION CONSULTANT VERIFIES COMPLETED WORK FOR LENDER RELEASE OF ESCROWED FUNDS

 

 

MISSION

ABOUT US

ANDREW POLMER

SCHEDULE INSPECTION

FEES

ASHI

ASHI VIRTUAL
HOME INSPECTION

FHA  203K

HABITAT FOR      HUMANITY

HGTV  VIDEO