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Construction Draw Schedule (Sample)

How construction loan funds will be disbursed.

Residential Construction Draw Schedule

Typically at the construction loan closing, 10% of the construction loan fund will be disbursed to the builder to cover expenses for permitting, architects and other up front costs. Make sure you agree to this amount. You should consider how much of a down payment you gave the builder with the contract. Don't let the builder get too much money upfront! You could end up with too little at the end.That is why you should religiously adhere to the construction draw schedule.

Construction Loan Application click here,

Construction Draw Schedule

ITEMS COMPLETED and % of disbursement from construction loan fund

1. Clear Lot-Rough Grade 1%

2. Footing 2%

3. Rough. Plumbing 4%

4. Fnd-Frame FL/Slab 5%

5. O.S.Studs-Shtg/C.B.-Lintel 11%

6. I.S. Studs 2%

7. Roof Framing 6%

8. Roof Sheeting-Felt 3%

9. 2nd Rough Plumbing (Tub 2%

10. Rough Electric 4%

11. Duct Work 4%

12. O.S. Wind & Door Frames 1%

13. Windows 2%

14. Ext. Trim 1%

15. O.S. Doors (inc. SGD�s) 1%

16. Finish Roof 2%

17. Sliding/Veneer/Stucco 5%

18. Wall Insulation 1%

19. D.W../Plaster-Rough. 3%

20. D.W./Plaster-Fin. 3%

21. Fire Pl. None-Pay after #20 2%

22. Bath Tile 2%

23. Furnace-A.H. 1%

24. I.S. Trim Panel-Doors 4%

25. Cabinets/Vanities 4%

26. Int. Ext. Prime 1%

27. Painting Complete 2%

28. Plumbing. Fixtures & Trim 2%

29. Elec. Fixtures & Trim 2%

30. Ceiling Insulation 2%

31. Fin. Flooring or covering 4%

32. Ext Conc-Dr/walks/stoops 1%

33. Appliances 2%

34. Fin. Grade, Grass, L.S. 2%

35. A.C. Trim-Condenser 2%

36. Misc-Disburse 1% @ 50% 4%

37. 1% @ 75%, 2% Clean Up

38. % Complete 10%

39. Pool-Concrete %

40. Pool-Completed %

TOTAL 100%