Inspection Fees for 203(k) Loans
You will have additional inspection fees with a 203(k) loan as compared to other FHA loans. You will pay $150 per inspection (and there should be two, for a total cost of $300). These inspections are done to ensure that renovation work is being completed in compliance with HUD/FHA standards. Note that these fees can be included in the loan amount itself, reducing your out-of-pocket expenses related to the loan.