Who orders the draw request for an FHA 203k project?Who's draw request, a request for money, is it? It is the contractor's draw request. The contractor would typically know more than anyone when they are in need of some cash flow to keep the project going strong.So, I get a call from the contractor, "When can you be out for a draw inspection?" he says. I can be there in twenty minutes was my reply. NO, that is too soon. How about this coming Friday. I agreed and copied the borrower's. It is always nice when we are all there together. This way we can all see what the contractor is requesting and can comment on it or about it.1st step is the contractor should have column 3 filled out with the requested items prior to the inspector's arrival... good luck with that. There are a few contract... 07/12/2017

Can I make repairs to a retaining wall with my FHA 203k loan? The short answer is Yes, you can. You can complete most repairs utilizing the FHA 203k loan guarantee program.  Retaining walls,  Foundation repairs or replacement, Update kitchens and bathrooms, replace or repair a roof, Interior and/or exterior paint,  Lead paint abatement or removal, Asbestos abatement or removal, Room additions,  Repairs after a fire to include rebuilding a home from the foundation up if needed, Repairs after a hurricane or tornado, Repairs to manufactured homes built after June 30, 1976 Adding additional units where zoning allows, Commerical mixed use buildings... we can finance with 3.5% down payment and include renovation of the residential portions of the property Add a well and/or septic tank Remembe... 07/18/2014