Top 10 Mistakes People Make with HUD 203k Loans (And How to Avoid Them)

HUD 203k loans can be powerful tools—but only if they’re handled correctly. Here are the most common mistakes I’ve seen in the field, and how to steer clear of them:

1. Choosing unqualified contractors

2. Not involving a HUD 203k consultant early

3. Submitting incomplete or unclear scopes of work

4. Underestimating renovation timelines

5. Missing required draw inspections

6. Not budgeting for contingencies

7. Using the wrong loan type (Standard vs. Limited)

8. Failing to get proper permits

9. Not understanding lender requirements

10. Overlooking HUD-specific paperwork deadlines

As a certified consultant, I help homeowners avoid delays and lender rejections by managing the process end to end.

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