Renovation Loan Experts - FHA 203k & HomeStyle

The Range

Feasibility & Risk Review

$247*
Typical timeline: 2–5 business days after walkthrough

Included

  • In-person property walkthrough w/ renovation loan expert
  • Clear Scope of Work (SOW) Narrative
  • High-level renovation price range
  • High-level timeline range
  • Potential Red Flags & Budget Shifters

Best for

Clients trying to determine project feasibility

The Detailed

Enhanced SOR/BOR

$1497*
Typical timeline: 7–15 business days after walkthrough

Included

  • In-person property walkthrough
  • Coordinate with HUD Consultant on SOR (Scope of Repairs)
  • Create detailed BOR (Bid on repairs)
  • Line-by-line pricing breakdown
  • Draw schedule with payment milestones
  • Lender-ready documentation

Best for

Clients ready to close their loan

The Complete

Enhanced SOR/BOR + Property Analysis

$1797*
Typical timeline: 10–20 business days after walkthrough

Included

  • In-person property walkthrough
  • Coordinate with HUD Consultant on SOR (scope of Repairs)
  • Create detailed BOR (Bid on Repairs)
  • Line-by-line pricing breakdown
  • Draw schedule with payment milestones
  • Lender-ready documentation
  • After-repair value (ARV) analysis
  • In-depth Rental analysis

Best for

Clients looking for property value assurance

Why We Charge: You Get What You Pay For

Most HUD consultants write high-level SORs.  Most contractors submit vague BORs.  

That combination creates gaps in scope, weak draw controls, and contractors getting paid ahead of progress — leaving borrowers stuck mid-renovation.

The QB Difference: The Most Detailed BOR/SOR You'll See

We don't just match the HUD consultant's scope. We upgrade it. We create a bulletproof BOR/SOR with line-by-line task breakdowns, labor + material clarity, clear trade separation, and tight draw milestone definitions.

This locks in accountability. Payment is tied to verified progress, not assumptions. Contractors can't skip details, inflate draw requests, or walk away mid-project. Every dollar is tied to measurable deliverables.


The Range: Feasibility & Risk Review. We evaluate scope, budget realism, hidden risks, and loan viability before you commit.

The Detailed: Enhanced BOR/SOR Creation. Hyper-detailed scope with draw controls that protect borrowers, lenders, and the deal. Most popular for active loans ready to close.

The Complete: Everything in The Detailed plus after-repair value and rent analysis for return on investment protection and maximum financing confidence.


Bottom line: We've taken over countless projects where the original contractor got paid too much too early—because the BOR and draw structure wasn't detailed enough to hold them accountable. Our system is designed so that never happens to our clients.

What you get: Confidence in Your Investment

We know "most contractors don't charge for estimates".  You aren't paying for an estimate; you are paying for less stress and more protection.

The Range

Professional pricing report

$247
Download Sample The Range Report

What's Included:

In-person property walkthrough

1:1 property Walkthrough reviewing existing conditions and project scope

Clear Scope of Work (SOW) Narrative

Receive a detailed scope of work describing all activities discussed during the walkthrough

High-level renovation price range

Get an organized, by area price breakdown of your project

High-level timeline estimate

A realistic and all-encompassing start-to-finish schedule range 

Potential Red Flags & Budget Shifters

Clarity on potential change order items from our lessons learned on past projects

Schedule Now
Choose your package during scheduling

The Detailed

Professional pricing report

$1497
Download Sample The Detailed Report

What's Included:

In-person property walkthrough

1:1 property Walkthrough reviewing existing conditions and project scope

Coordinate with HUD on SOR

Coordinate with HUD on the Scope of Repairs (SOR) by reviewing property condition reports and required fixes.

Create detailed BOR (Bid of repairs)

Create detailed BOR (Bid of Repairs) by compiling itemized contractor proposals for all SOR items.

Line-by-line pricing item breakdown

List of each repair with quantities, labor hours, materials, and subtotals for transparency.

Draw schedule with payment milestones.

Tailored draw schedules linking payments to verified milestones like foundation completion, framing and final finishes.

Lender-ready documentation

Provide completed BOR, GC Contractor profile, Lender required insurance, and past project referrals

Schedule Now
Choose your package during scheduling

The Complete

Professional pricing report

$1797
Download Sample The Complete Report

What's Included:

In-person property walkthrough

1:1 property Walkthrough reviewing existing conditions and project scope

Coordinate with HUD on SOR

Coordinate with HUD on the Scope of Repairs (SOR) by reviewing property condition reports and required fixes.

Create detailed BOR (Bid of Repairs)

Create detailed BOR (Bid of Repairs) by compiling itemized contractor proposals for all SOR items.

Line-by-line pricing item breakdown

List of each repair with quantities, labor hours, materials, and subtotals for transparency.

Draw schedule with payment milestones.

Tailored draw schedules linking payments to verified milestones like foundation completion, framing and final finishes.

Lender-ready documentation

Provide completed BOR, GC Contractor profile, Lender required insurance, and past project referrals

After Repair Value (ARV) Analysis

Estimates the property's market value post-repairs using comparable sales, renovation costs, and local trends for maximum profitability.

In-Depth Rental Analysis

Evaluates market rents, vacancy rates, operating expenses, NOI, cap rates, and cash-on-cash returns using local comps and conservative projections.

Schedule Now
Choose your package during scheduling
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Google Reviews
  • “ONE POINT OF CONTACT was amazing to work with...Quality Builders made our remodel easy NOT stressful.  I'd recommend them to anyone looking to renovate for business or your forever home.”

    Sam

  • “Great Contractors. Finished on time and on budget with quote. Were very responsive and kept us updated daily with work progress. Highly recommend Quality Builders.”

    Timothy

  • "I've had the pleasure of working with Jonathan and the team at Quality Builders for some time now—and knowing Jonathan even longer. Their professionalism, transparent pricing, and seamless project management truly set them apart from other general contractors I’ve worked with. Their commitment to quality and collaboration is unmatched. On behalf of everyone at Braddock Investment Group—thank you for being such a reliable and skilled partner."

    Christopher Davis

    Kitchen Expansion

  • "My husband and I purchased an absolutely gorgeous single family home built by Quality Builders...They thought of every detail and the quality of the home exceeded our expectations..."

    Nicole

  • “Greatly impressed with how responsive they were to ensure our project came out to our expectations...My wife and I have recommended this company to friends and family...”

    Anthony

  • “I worked with Quality Builders on my first flip project. Throughout the project they were always available and kept me up to date on the project using project management software...”

    Julio

Our Renovation Process — Built for Clarity, Speed, and Approval

From feasibility to final closeout — every step designed to protect your investment and keep your project on track

Feasibility & Risk Review

We evaluate scope, budget realism, hidden risks, and loan viability

Step 1

HUD Consultant & SOR/BOR Alignment

We review the Scope of Repairs to ensure it's complete, realistic, and buildable

Step 2

Enhanced BOR/SOR Creation

We build a hyper-detailed BOR/SOR that protects budget, timeline, and lender approval

Step 3

Lender-Ready Submission

We format pricing, scope, and schedules for faster lender and HUD approval

Step 4

Renovation Execution & Draw Control

We manage inspections, documentation, and draw requests tied to verified progress

Step 5

Final Inspection & Closeout

We deliver clean completion so final funds release without friction

Step 6

FAQ's?

How does your BOR/SOR prevent contractor overbilling?

We create line-by-line task breakdowns with tight draw milestone definitions and completion criteria per phase. Payment is tied to verified progress, not assumptions. This prevents contractors from billing ahead of work, inflating draw requests, or walking away mid-project.

Do you work with all 203k and HomeStyle lenders?

Yes. We've worked with FHA 203k (Standard and Limited), Fannie Mae HomeStyle, and Freddie Mac ChoiceRenovation. Our enhanced BOR preparation meets all lender requirements and reduces revision rates because of the detail level.

What if the HUD Consultant's SOR is incomplete or vague?

We upgrade it. We review the Schedule of Repairs and work with the HUD consultant to ensure it's complete, realistic, and buildable. Our BOR adds contractor-grade detail that protects budget, timeline, and accountability—even when the original SOR is high-level.

How do you handle draw control during renovation?

We manage inspections, documentation, and draw requests tied to verified progress. Every payment milestone has clear completion criteria. Contractors must demonstrate measurable deliverables before funds release—this keeps them incentivized to finish strong and prevents early payouts.

What happens if a contractor tries to walk off the job?

Our BOR/SOR structure prevents this by tying payment to verified progress. If a contractor hasn't completed work, they don't get paid. This removes the financial incentive to abandon projects and protects borrowers from funding unfinished work.

Can you take over a stalled or failed 203k project?

Yes. We've stepped into countless projects where the original contractor got overpaid and walked away. We evaluate what's been completed, revise the scope and draw schedule, and create a recovery plan to finish the renovation and close out the loan.

What areas do you serve?

We serve the greater Chicago area and surrounding suburbs. If you're unsure whether your property is in our service area, reach out and we'll confirm availability right away.