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.