Funds are disbursed on your construction loan by the voucher system, which means you are reimbursed as you go. The goal is to pay only for the work completed after it is completed. Your payments must be current in order to draw funds. Payments are late after the 5th but please understand they are due on the 1st and draws will not be released on or after the 1st if payments are not received.

All funds are sent via wire. There is a $50 wire fee per inspection that is assessed at payoff.

You may NOT request that payments be made directly to your contractor, material men or subcontractors. All funds must be made payable to you, the loan customer. The funds will be sent to you so that you can hand it to your contractor, service provider or material men in return for a completed waiver and lien release.

Our inspections are performed every Thursday with funds released on Friday. If you need your funds by Friday, please be sure to submit your draw request in writing no later than Wednesday at 12 Noon.

PLEASE PUT YOUR TELEPHONE NUMBER ON THE REQUEST FORM AND INDICATE HOW WE CAN ACCESS THE PROPERTY. WE CANNOT SET SPECIFIC APPOINTMENT TIMES FOR DRAW INSPECTIONS.

If you request a draw and the work requested for reimbursement is not complete, you will be charged for a re-inspection.

Thank you.