Advertiser Disclosure

advertising disclaimer
Skip to main content
203K

What Is a 203k Consultant?

A 203k consultant is required when you use a Standard 203k loan. They do come with fees, though you can finance them with your mortgage.


[Updated: Jun 09, 2021 ] Jul 13, 2020 by Aly J. Yale
Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

*By submitting your email you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.

Service Purpose Fee
Feasibility study To determine the financial feasibility of the project $100
Work write-ups To describe the planned work and its cost estimate $400 to $1,000, depending on total project cost
Draw request inspection To inspect the quality of work before issuing more repair funds (you'll likely request a draw inspection several times in the process) $350
Change orders For documenting any proposed deviations from the original project plan $100
Re-inspections When work must be re-inspected for any reason $50
Mileage For travel to and from the job site (as long as it's at least 15 miles away for the consultant) $0.575/mile