Scope of Work Details
A complete Scope of Work is required before your loan can be fully processed. Missing information will result in slower review and processing times. Note that a contingency of 5% or $1,000 (whichever greater) is required on all projects.
Complete the Following Steps to initiate the Draw
If you add a new line item and/or reduce, or delete a line item, after the loan has closed, [this change] will require approval in order to reimburse. Report all possible line items and true costs to avoid a declined reimbursement.