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  - 203K Guide 101

Apply for a 203k home repair loan

 Get a Home Inspection

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Get a Home Inspection

A home inspection is always recommended and required on Real Estate Owned
(REO) properties, vacant properties, and properties with repairs exceeding $15,000.
The inspection is to be within 90 days of the underwriting approval.

Both Standard and Limited 203(k) loans will undergo a review by the Underwriter to ensure the Home Inspection Report, Appraisal, and Contractor Bid all contain the same information of work and/or repairs to be completed without any discrepancies.

For all Standard 203(k) loans, the Consultant Report is also reviewed by the Underwriter against the Home Inspection Report, Appraisal, and Contractor Bid.

All required repairs must be covered in the Contractor Bid and included in the Home Inspection Report,
Appraisal and Scope of Work.

The inspector must be approved by:
The American Society of Home Inspectors (ASHI)
International Association of Certified Home Inspectors (InterNACHI)

To help determine the scope of work to be done, consider using a HUD Consultant.


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Sun West Mortgage Company holds over 30 years of lending experience with a reputation of providing excellent customer service.

At Sun West, the complete loan cycle is processed in-house. From origination to underwriting and servicing, Sun West ensures you receive a simpler, faster, more direct borrowing experience with no back and forth intricacies. To see if you are pre-qualified or to obtain more information, call (866) 740 3677.

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