FHA 203(k)
For buyers who need FHA credit and down-payment terms. Purchase or refinance plus rehabilitation in one FHA mortgage. Standard 203(k) covers structural and more extensive work. A HUD Consultant is required.
HUD & FHA certified · A briefing for realtors
Unlock the homes your clients cannot find.
Low inventory does not have to mean lost clients. Renovation loans turn fixer-uppers into forever homes and investment assets — and a HUD Consultant is the partner who keeps the file, the bid, and the construction on track.
Three loan paths. One job.
Let your client buy the house that needs work — purchase and renovation in a single mortgage, sized on after-improved value.
Fannie Mae HomeStyle
Conventional renovation mortgage for buyers who want broader remodel flexibility — kitchens, baths, additions, accessory units. RCG runs inspection, bid, write-up, and draws with lender-ready paperwork.
Freddie Mac CHOICERenovation
Freddie’s conventional renovation option — often called Freddie Choice. Single closing for purchase and renovation costs. A HUD Consultant keeps contractor, lender, and draws aligned.
Who this is for
Homebuyers
Buy the location first. When the right neighborhood has the wrong kitchen, a renovation loan lets your client take the house and plan the work into the mortgage. Health, safety, and HUD Minimum Property Standards are built into the scope.
Investors
Buy a lower-cost asset. Fund a defined renovation. One mortgage covers acquisition and work. Draws pay for completed work — photos, invoices, and a 10% holdback — so the lender actually funds what was bid.
Realtors
Keep fixer-uppers in the search. You stay the trusted advisor. The HUD Consultant carries the inspection, write-up, and draw file — and you become the agent who can sell the houses other agents walk past.
The HUD Consultant is the primary asset
Not a vendor on the file. The through-line of the loan. On Standard 203(k) a HUD Consultant is required. On HomeStyle and CHOICERenovation, that same role is still the difference between a smooth closing and a stalled rehab.
Inspector
Walks the property to HUD Minimum Property Standards and flags health and safety before the bid is locked.
Translator
Turns a contractor estimate into a HUD-formatted bid and Work Write-Up the underwriter and appraiser can use.
Guardrail
If it is not in writing, it is not funded. Verbal extras die at closing. Clients and contractors stay aligned.
Draw authority
After closing, the consultant inspects completed work, photos the items, and recommends disbursement.
Bring the HUD Consultant in while the house is still a maybe.
Do not wait until a conventional file falls apart. Call RCG when you first see a fixer-upper that fits your buyer or investor. Keep work-needed homes in the search, name the loan path out loud, and let RCG own the renovation file through the last draw.