We have two standard draw schedules based on the amount of construction. The draws are either:
- 8 payments for a home under $500,000.00
- 13 payments for over $500,000.00
Or
- Adjusted per lender and T&G agreement
A 4% deposit of final contract price is due at signing. The draw schedule is based on the balance of contract minus deposit. The next draw is due upon work being in place an inspected.