FHA 203k & SONYMA Consultant
FHA 203k Consultant ID #P1885
If you’re trying to find a FHA 203k consulting professional in your area, you have come to the right place. I have over 20 years of experience in the construction industry as a project manager and an estimator for large commercial and residential construction companies. I still work as a professional estimator in the construction procurement design industry and have an intimate knowledge for construction costs. I have been involved in the FHA 203(k) process on both sides of the line, as a contractor performing the work and as an estimator and consultant facilitating the work with clients in all areas of construction. I also perform SONYMA consulting services.
Serving all areas of Upstate New York, including Saratoga Springs, Malta, Ballston Spa, Clifton Park, Schenectady, Troy, Rensselaer County and upper Albany County. We will travel further for an additional fee.
Bald Eagle Inspection Services, LLC is an International Association of Certified Home Inspectors (InterNACHI) Certified Professional Inspector, a National Association of Mold Remediators & Inspectors (NAMRI) Certified Professional Inspector and an International Association of Certified Indoor Air Consultants Certified Professional Inspector.
InterNACHI Professional #15120411
NAMRI Professional #415946
Need a 203(k) Consultant?
Most FHA 203(k) projects struggle without an experienced consultant that can guide you through the process. I take pride in providing a service that excels the success rate of the project. From the point of contact, I can provide you with all of your inspection, estimating and consulting needs. As a licensed home inspector, I can provide you with a high quality inspection to help identify the magnitude of your project.
If you have not received a contractor estimate and require budget estimating services and a written scope of work for assistance in bidding the project and selection of a contractor, I can perform an initial consultation phase, which is designed to identify all mandatory, recommended and desired work items that will be related to your project. This is also referred to as a budget study. This is a powerful document that is created to increase the success rate of the project and help keep all of your potential bidders on the same page. I can even provide a list of contractors that can be contacted to provide bids for your project.
HUD Approved Consultant
If you have already performed your inspections and have located a contractor and just need a Work Write-Up, Bald Eagle Inspection Services can provide you with the most thorough and professional document in the industry. I can even perform draw inspections outside of any of these services. If you need help reviewing the HUD Policy Handbook requirements, I am very familiar with the requirements and can walk you through it. This is really a high quality service meant to walk you through all of the steps and I will never leave you hanging.
Bald Eagle Inspection Services, LLC is listed as the only HUD approved consultant in Albany, NY, but these services can be provided in any of the Capital District areas and further. I provide services in Saratoga Springs, Clifton Park, Troy, Schenectady, Albany, Ballston Spa, Malta, Rensselaer County areas and beyond.
What Our Most Recent Clients Are Saying:
FHA 203k Consulting
How do I qualify for a FHA 203k loan?
To qualify for a FHA 203k loan, you must:
– Be a first-time homebuyer or have not owned a home in the past three years.
– Occupy the property as your primary residence.
– Have a credit score of at least 620.
– Save up to 3.5% of the purchase price of the home for the down payment.
How does a FHA 203k loan work?
The FHA 203k loan program is designed to help finance the purchase and renovation of a home. The loan is insured by the Federal Housing Administration (FHA), which protects the lender from risk if the borrower defaults on the loan.
Who offers FHA 203k loans?
FHA 203k loans are offered by a number of different lenders, including banks, credit unions, and mortgage companies. To find a lender speak to a FHA 203k consultant.
What is the maximum amount I can borrow with a FHA 203k Loan?
The maximum amount you can borrow with a FHA 203k Loan is determined by the value of the property after the renovations have been completed. Credit scores may also play a role in whether you qualify for the program. This analysis is completed in a process called a conversion appraisal prior to closing and funding of the loan. This will determine if the project is feasible.
What are the benefits of a FHA 203k loan?
The benefits of a FHA 203k loan include:
– Allowing you to purchase and renovate a home with one loan.
– You can finance up to 110% of the after-improved value of the home.
– You can use a FHA 203k loan to refinance an existing home.
– Adds equity to a property in disrepair.
– Creates options for those looking to have input into the construction of their home, but can’t afford a new home.