We can help you with 203k (regular and streamline) rehab loans - as well as HomePath renovation and FNMA HomeStyle renovation loans.
- Al Rodenburg, Sr. Loan Officer - NMLS# 272775 (281) 236-5743 firstname.lastname@example.org... more
The most important thing you need to understand about the draws it that THEY TAKE TIME...realistically about 4-6 weeks. You must plan ahead for this and try not to split the draws into small increments. It is a great deal of work for everyone involved and the last thing you want is the pressure of a contractor waiting for a small amount of money and holding up the work. We always advise to break it up into large enough increments to keep the job moving, but of course this depends on the scope of the work which is different on every loan. Good luck, I hope your home turns out to be all that you hope for.