Buy it, fix it — one loan.
An FHA 203(k) loan rolls a home’s purchase and its renovation into a single mortgage — and for a Standard 203(k), HUD requires a consultant to guide it. Larry Hay has 18+ years as a HUD 203(k) consultant, handling the feasibility study, the work write-up, and every draw inspection so your project stays funded and compliant.
Finance the home and the fixes together.
The FHA 203(k) is a powerful tool for buying a home that needs work: you finance the purchase and the renovation in one loan, based on what the home will be worth once it’s improved. There are no income limits, and it works for almost any home. For a Standard 203(k), a HUD consultant is required — and that’s where we come in.
Most improvements qualify.
If it adds value up to comparable homes in the area, it’s usually eligible. A few things aren’t.
✓Typically allowed
- Kitchen & bathroom remodels
- Structural additions
- Flooring & painting
- Energy-conservation improvements
- Most repairs that raise the home’s value
×Not allowed
- A new swimming pool
- A new tennis court
- An outdoor fireplace
- Anything for commercial use
Your technical guide, start to finish.
A 203(k) consultant is the HUD-mandated expert who keeps your renovation loan on track — not the contractor, but the one making sure the plan, the money, and the work all line up.
Before you commit, Larry visits the property and prepares a feasibility study — a straight read on whether your renovation plan works under 203(k) rules.
He prepares the HUD work write-up: every repair item scoped, with reasonable labor and material costs — the blueprint your lender funds from.
As the work proceeds, he inspects at each draw so funds release in stages, then does the final inspection to confirm everything meets HUD standards.
Meet Larry Hay.
Larry founded InspecTek West in 1993 and has spent 18+ years on the HUD 203(k) consultant roster — a specialty very few inspectors in the metro offer. He’s guided countless Portland-area buyers through the feasibility study, work write-up, and draw inspections that a renovation loan lives or dies by. When your consultant has done this for nearly two decades, the paperwork gets done right and the funds keep flowing.
Larry Hay · 503-307-9180 · larry@inspectekwest.com
Set by HUD, based on your project.
203(k) consultant fees are set on HUD’s published schedule and scale with the size of your renovation — and in most cases they can be rolled into your loan. Because every project is different, the honest answer on price is a conversation. Call Larry and he’ll give you a straight quote for your scope.
“Larry walked us through the whole 203(k) process and made a complicated loan feel manageable. His write-up was thorough and the draws went smoothly.”
“We couldn’t have done our renovation loan without a consultant who actually knew the program. Larry’s experience showed at every step.”
“Professional, responsive, and genuinely knowledgeable about FHA requirements. He kept our project on track and compliant.”
203(k) questions, answered.
Do I need a 203(k) consultant?+
What can I renovate with a 203(k)?+
What does the consultant actually do?+
How much does it cost?+
Do you work outside Portland?+
Turn a fixer into your home.
Talk to Larry before you commit — he’ll tell you straight whether your 203(k) plan works.