Construction Best

… will be outlined. In this draw schedule, the lender details how the loan will be disbursed.

Typically, new home construction loans are disbursed in 25% increments. When 25% of the construction has been completed, the lender will give you 25% …

… increments. Twenty five percent of the loan amount will be given to you by lender,when you complete 25% of your construction. This is called a draw.

The lender requires an appraisal of the progress to ensure himself that said work has been …