The 203(k) Process: Offer to Move-In

Dan walks every project through this exact sequence so nothing falls through the cracks.

1. Buyer finds the property and makes offer
2. Dan is contacted by Loan Officer/Realtor/Client once contract is ratified
3. Dan performs initial inspection and prepares work write-up (usually 3–7 days)
4. Lender runs numbers and issues conditional approval
5. Appraisal is ordered on “as-is” + “as-repaired” value
6. Closing occurs – repair funds go into escrow
7. Borrower selects contractor(s) and work begins
8. Dan performs draw inspections as work progresses
9. Final inspection and certification
10. Lender releases final draw – homeowner moves in

Common Timeline Realities

• Inspection to work write-up: 3–7 days
• Full approval to closing: 30–45 days
• Renovation duration: 3–12 months depending on scope