The specification of repairs (SOR) is the first step in the process of determining if the existing dwelling you want to purchase actually qualifies. A HUD consultant creates a Specification of Repairs (SOR) after (It is important to remember that the FHA k is based upon the after. List of repairs and improvements that can be financed using the FHA k streamline FHA Consultant to develop a “Specification of Repairs/Work Write- Up”.

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Skip to content HUD k Specification of Repairs — Easy k Professional When applying for a HUD k loan, a k Consultant or Homebuyer will need to submit a work write-up which lists in detail all of the labor and materials for completing the rehabilitation project.

Desired repairs — These are the list of repairs that the homeowners wish to have done in order to make the home exactly what they want. In order for specificatioj existing dwelling to qualify for either a regular or a streamline loan, it requires a contractor or independent consultant to look over the property and complete a specification of repairs.

FHA k Eligible Repairs

Understanding the Specification of Repairs. These repairs are non-negotiable; they need to be completed in order to obtain the mortgage.

This is a detailed listing of the work that is to be completed on the property in order to adhere to the guidelines of the loan approval. We may share customer information with our trusted affiliates to assist you with your home purchase.

The repairs that are to be completed are split into 3 categories: Use our FHA k loan calculator to determine: This could make it difficult to find another contractor that will work within the same budget doing the same work that you need done. Understanding what is on your SOR, what needs to be completed and what they should cost is a large part of the battle that you will face as you try to get your project completed within the parameters of the K loan.


Everything from making a dwelling more energy efficient by installing new doors, windows, roof, floors, and HVAC to making repairs to a concrete driveway or a concrete sidewalk on the property qualifies for a K 203o. The repairs that are to be completed are split into 3 categories:.

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This part of the process can be tricky because every contractor works differently. With a K loan both the individual s looking to make the purchase of an existing dwelling and the existing dwelling itself must meet specific qualifications.

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Understanding the Specification of Repairs

If there is masonry work that needs repair then a concrete repair specification repaire be submitted listing what needs to be done in order and submitted along with the appraiser report. In general, the Specification of Repairs is completed in its standard format and does not create any problems for potential homeowners.

Search Search the site If you find a contractor who has prices that seem too good to be specificatiom — they probably are and you should steer clear of him. The Specification of Repairs plays an important role in the loan process. As we all know, contract work can fall through, which would leave you in the lurches to find another contractor. The streamline is for less extensive renovations and does not require the expertise of an architect xpecification engineer.

K Loan and the Specification of Repairs

Improved accessibility to a disabled person, such as remodeling kitchens and baths for wheelchair access, lowering kitchen cabinets, installing wider doors, and exterior ramps. Neither the regular or ot K loan permits the financing of luxury items such the installation of a swimming pool, repaird court, etc. In the case of a Standard k project, a FHA qualified k Consultant will be required to manage the collection and submission of documents to the lender as well as dispersing of funds.

If the project is a Spefification kthe homebuyer can manage the project themselves; however, it is highly advised they seek the assistance of a k Consultant. The FHA K is a loan program that bundles the home loan along with a home improvement loan which makes it ideal for individuals looking to purchasing an existing dwelling for their primary residence that is need of renovation or repair.


The repair specification is a write-up i.

HUD 203(k) Specification Of Repairs Example

If changes are required, simply generate a new SOR. Your email address will not be published. Those individuals looking to purchase an existing dwelling but do not want to take on the responsibility of purchasing a dwelling that is need of renovation and repair because they would need to apply, be approved, and make payments for both a home loan and a home improvement loan really benefit from a FHA K loan.

If your current contractor bid rather low costs for your project and you agreed, you are stuck with those prices. Once the repairs, allowable fees and consultant fees are entered into the project, the Specification Of Repairs can be easily generated. Condos and townhouses qualify only for a k loan if the repair and renovation work is required inside.

HUD k Specification of Repairs — Easy k Professional When applying for a HUD k loan, a k Consultant or Homebuyer will need to submit a work write-up which lists in detail all of the labor and materials for completing the rehabilitation project. This program has been in existence for a number of years. There is a specific list of renovations, repairs, and purchases that pertain to each type of loan.

Mandatory repairs — These are the repairs that need to be done in order to make the home safe to specificaton in on a daily basis. It is generally up to you to find the contractor that understands the parameters of the K loan, how to stick within the budget and how to stick to the required schedule. Other Renovation Loan Options.