203(k) Consultant in Indianapolis
HUD-approved renovation loan consulting for Indianapolis lenders, borrowers, and real estate professionals. Backed by 30+ years of construction experience and boots on the ground in Indiana.
Indianapolis Has the Housing Stock. The 203(k) Gets It Done.
Indianapolis is full of houses that need work. That’s not a criticism. It’s an opportunity. Fountain Square, Irvington, Broad Ripple, Meridian-Kessler, Garfield Park, the near east side. These neighborhoods are loaded with early 1900s construction. Craftsman bungalows, two-story frame houses, older brick two-flats. Solid bones, deferred maintenance, and exactly the kind of properties the 203(k) program was designed for.
The challenge isn’t finding properties. It’s finding a consultant who knows what he’s looking at when he walks through one. Michael Al (HUD Consultant ID P1984) has been in construction for over 30 years. He’s a Licensed Builder, a State Licensed Building Official, and a Certified Master Inspector. He comes to Indianapolis with a notebook and a drone, and he leaves with a report your lender can actually use.
Why Indianapolis Lenders Use MIS
- Experience With Older Housing: Pre-1950 construction is common across Indianapolis’s core neighborhoods. Michael knows what to look for. Original knob-and-tube wiring, balloon frame walls, undersized service panels, and foundation issues that older homes in the area regularly present. The write-up accounts for what’s there, not just what’s visible.
- Accurate Write-Ups, Every Time: Work write-ups start at $1,000 and increase with the size of the project. That fee covers a thorough site inspection, scope of work documentation, cost estimates, and all required HUD forms. Lenders don’t get surprised after the fact.
- Draw Inspections Without the Wait: Draw inspections are $375 plus mileage. Michael travels to Indianapolis regularly. Scheduling is direct. No call center, no middleman, no delays to your draw schedule.
- 11 Loan Types Supported: FHA 203(k) Standard, FHA 203(k) Limited, Conventional, VA, USDA Rural, Fannie Mae HomeStyle, Freddie Mac CHOICERenovation, and more. If you’re originating renovation loans in Indianapolis, MIS can handle the consulting side.
- Modern Tools, Faster Reports: Our proprietary platform delivers faster, more accurate documentation. Photo analysis, field note processing, and report generation assisted by advanced tools.
- FAA-Certified Drone Capability: FAA Part 107 certified. High-resolution aerial imaging and thermal scanning for roof and facade assessments. Useful on the older Indianapolis housing stock where conventional roof access isn’t always practical.
- Direct Communication: Same-day phone response. Email within one business day. You’ll always know where the project stands and when the report is coming.
Services Available in Indianapolis
203(k) Consulting
Full HUD consulting from feasibility study through final completion. Includes site inspection, work write-up (starting at $1,000), contractor bid review, draw inspections ($375 + mileage), and all required HUD documentation: forms 9746-A, 92577, 92700-A, and 92300. All 11 renovation loan types supported.
Aerial Drone Inspections
FAA Part 107 certified aerial imaging, thermal scanning, and roof assessments. Particularly effective on Indianapolis’s older residential housing where pitched roofs, dormers, and tight lot lines limit ladder access. Available as a standalone service or combined with 203(k) consulting.
Commercial Building Inspections
Comprehensive commercial property assessments combining ground-level inspection with aerial drone surveys. Available for commercial lenders, property managers, and investors working in Indianapolis and surrounding Marion County.
Indianapolis Neighborhoods and Coverage Area
MIS serves all of Indianapolis and the surrounding metro area, including:
- Fountain Square
- Broad Ripple
- Irvington
- Meridian-Kessler
- Garfield Park
- Near East Side
- Bates-Hendricks
- Mapleton-Fall Creek
- Herron-Morton Place
- Woodruff Place
- SoBro
- Carmel
- Fishers
- Noblesville
- Greenwood
- Lawrence
- Beech Grove
- Speedway
Don’t see your neighborhood or suburb? MIS covers all of Marion County and the Indianapolis metro. Call to confirm availability for your specific address.