Real Estate
Construction Loan Draw Schedule Calculator
Construction loans pay out in draws as work completes. Typical schedule: 5-7 draws over the build.
Draws over build
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- Avg per draw
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- First draw size
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- Final draw size
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FAQ
What is an inspection draw? +
Each draw requires bank inspection of work completed. The inspector signs off, then funds release. Typically 3-7 days from request to deposit.
Construction-to-perm loan? +
Single loan that converts to permanent mortgage when build is done. Saves a second closing + closing costs.