Construction Draw Request

Request a Construction Draw
This site is provided to efficiently service your loan, specifically the rehab draw process. All draw requests are to be made online using this portal. No guarantees can be made that alternate methods of request will be handled timely. Please familiarize yourself with the policies and procedures below to initiate your request.

  • Refer to your Draw Agreement in advance of making your request to ensure proper handling.
  • Your request for a draw should correspond with job progress. The number of draws applicable to your project is detailed in your Draw Agreement.
  • Credit is given for completed construction items from your scope of work referenced in the Draw Agreement as “Exhibit A.” Draw reimbursements do not apply for materials purchased or reserved. Installation must be complete to be eligible for reimbursement.
  • The maximum amount you may draw is the total hold back amount of your loan referenced in your Draw Agreement. You may request the total escrowed amount as long as the repairs on the house are 100% completed.
  • The amount of repair funds detailed in your Draw Agreement cannot be modified, however the schedule for disbursement can be adjusted at lenders discretion.
  • In accordance with your Draw Agreement, in order to be eligible for repair reimbursement, repairs must be completed within 120 days of loan origination.
  • No draws will be processed for inspection if there are any outstanding mortgage payments due.
  • Our property inspectors are engaged on a contract basis and strive to conduct the site visit within 2-3 business days of receiving a request.
  • Applicable supporting documentation — as specified in your Draw Agreement — such as permits, city inspections, engineering reports, and test results are to be uploaded at the time of submission.
  • Inspectors must be provided accurate access information in order to meet expected deadlines. In most instances, providing a lockbox combination is preferred as appointments may result in unnecessary delays due to scheduling limitations.
  • Upon completion of the site visit, escrow disbursements are typically processed within 1-2 business days.
  • Escrow disbursements by check are delivered by regular mail.
  • Requests for wired disbursements can be accommodated but will incur a wire fee of $30. Contact our accounting department to provide wiring instructions, 800-885-0999.
  • You have paid in advance for the number of inspections detailed in your Draw Agreement. Additional inspections cost $125 per instance.
  • Expedited requests are handled at the discretion of the inspector and will incur a $30 surcharge payable at the time of inspection.
  • The form that follows must be completed in its entirety in order to fulfill the request in a timely manner.
Do You Agree to the Terms and Conditions Above?