FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > A. Title II Insured Housing Programs Forward Mortgages > 9. 203(k) Consultant Requirements — c. Consultant Fee Schedule
HUD effective date: 11/04/2024 · section II.A.9 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Consultant Fee Schedule (11/04/2024).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > A. Title II Insured Housing Programs Forward Mortgages > 9. 203(k) Consultant Requirements — c. Consultant Fee Schedule — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part II — c. Consultant Fee Schedule (11/04/2024)
c. Consultant Fee Schedule (11/04/2024) Below are the maximum fees that may be charged by the Consultant. i. Feasibility Study If requested by the Borrower or Mortgagee to determine if a 203(k) Mortgage is feasible, the Consultant may charge an additional fee of $375 for the preparation of a Feasibility Study. ii. Work Write-Up The Consultant may charge the fees listed below for the preparation of the Work Write- Up and review of architectural exhibits: • Up to $1,000 for repairs less than or equal to $50,000 • Up to $1,200 for repairs between $50,001 and $85,000 • Up to $1,400 for repairs between $85,001 and $140,000 • Up to 1 percent of the repair costs or $2,000, whichever is lower, for repairs over $140,000 The Consultant may charge an additional $25 per additional Dwelling Unit. iii. Draw Inspection Fee For each draw request, the Consultant may charge an inspection fee that is reasonable and customary for work performed in the area where the Property is located, provided the fee does not exceed a maximum of $375. iv. Change Order Fee The Consultant may charge $120 per change order request. v. Reinspection Fee The Consultant may charge a $225 fee when reinspection of a Work Item is requested by the Borrower or Mortgagee. vi. Mileage Fee The Consultant may charge a mileage fee at the current Internal Revenue Service (IRS) mileage rate when the Consultant’s place of business is more than 15 miles from the Property.
Operationalizing FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > A. Title II Insured Housing Programs Forward Mortgages > 9. 203(k) Consultant Requirements — c. Consultant Fee Schedule
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