- The borrower should have funds to begin initial repairs
- Draw fee is $150 per draw
- Up to five draws allowed
- Improvements must be inspected prior to the draw being issued
- No charge for inspections
- Proof of paid receipts and invoices must be provided
- The final draw will not be funded until the project is completed
- If permits are required, the borrower may be required to get approvals or pass inspection before the draw is issued
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