Consultant FHA 203k Draw Information

Consultant FHA 203(k) Draw Information1-5 draws allowed per Work Write-upMaterials draws allowed for cabinets, flooring, windows and roofingProof of permits required10% holdback on all draws, except the final drawHoldbacks are paid on final drawRequests for use of contingency funds may be allowed per HUD consultant and/or lenderWork must be completed within 6 months of closing