Architects Can Be Approved 203(k) Consultant

November 30, 2010

Architects are among those listed to be qualified to be HUD 203k consultants. The requirements listed below can be found on the HUD website:

1. A minimum of three years experience as a remodeling contractor, general contractor or home inspector. A state license as a state certified engineer or architect may be submitted in lieu of the documentation of the three years experience;

2. Licensing (general contractor, home inspector, etc.). In those states where a Home Inspector is required to be licensed, the Department requires the applicant to be licensed and to provide proof of that licensing;

3. consultant’s ability to perform home inspections, prepare architectural drawings, use proper methods of cost estimating and complete draw inspections; and,

4. The applicant must also submit a certification verifying that the consultant has read and fully understands the requirements of HUD Handbook 4240.4, REV 2 (203(k) Handbook) and all related materials listed in Mortgagee Letter 2000-25.

This could be an opportunity for Architects to get more work related to FHA loans specifically for residential construction.

If you are interested in learning more or applying to be a 203k consultant, visit http://www.hud.gov/offices/hsg/sfh/203k/203khow.cfm for all the details.

By Gina | Posted in Members In Transition, Practice Management | Tagged: HUD | Comments (0)