Step 1: Credit & Buyer Profile Review
Making sure the loan structure fits the buyer
Before renovation details ever come into play, we start with the buyer’s financial profile.
This step answers one key question:
Which renovation loan makes the most sense for this buyer and this property?
What We Review
Credit profile and overall financial strength
Income and debt ratios
Down payment range
Intended use of the property (primary, second home, or investment)
Why This Matters
Different renovation loans are designed for different buyer profiles.
Some allow lower down payments and more flexible credit, while others are conventional options for buyers who qualify. This helps determine which renovation loan fits the buyer.
👉 This prevents wasted time, rejected offers, and surprises later.
When both are done correctly, renovation loans become a smart, predictable way to buy homes others can’t — instead of a risky guessing game.
Step 2: Construction & Field Process
Making sure the renovation plan actually works
Once the buyer and loan structure are aligned, we focus on the property and renovation plan.
This step answers another key question:
Can this home be renovated successfully within loan guidelines and budget?
A Feasibility Study by a HUD Consultant can quickly answer this question.
**Ask us about our remote online feasibility study review**
What Happens in the Field Process
Schedule a feasibility study and/or provide a bid from a GC for review
Confirmation that repairs and improvements are allowable
HUD-C provides a Bid of Repair package to the buyer for coordination with contractors to bid project.
Final section of contractor and costs are documented with SOR & BOR package (specification of repairs & Bid of repairs)
Appraisal is ordered for after improved value
The HUD Consultant is required on any project above $75,000 and/or any structural repair requirements to the home. Best practice is to have a HUD-C on all project if feasible. HUD-C helps provide a pro-active scope development process to finalize the renovation cost quicklier and to meet reasonable closing date. Typical time frame from ratification of contract 30-60 days depending on project complexity.
Why This Matters
Renovation loans don’t typically fail because of credit financing —
they fail due to poor field execution and inexperience of the lender.
Our process:
Reduces construction surprises and speeds up bid process
Protects the buyer and the transaction
Avoids the pitfalls by taking a pro-active approach in the initial stage of developing the scope of the project
A successful after improved value appraisal with no additional repair conditions
Allows the deal to move smoothly through the process to close