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FHA Limited 203(k) Draw Information

Two draws per contractor allowed 50% of the bid amount is disbursed 7-10 business days after closing Remaining 50% of bid amount is disbursed upon job completion Proof of permits is required No holdbacks on draws Requests for use of contingency funds are limited to...

Consultant FHA 203(k) Draw Information

1-5 draws allowed per Work Write-up Materials draws allowed for cabinets, flooring, windows and roofing Proof of permits required 10% holdback on all draws, except the final draw Holdbacks are paid on final draw Requests for use of contingency funds may be allowed per...

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