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 My builder needs funds shortly after closing. How soon can we request a draw?

The builder should request an initial draw at closing. The max initial draw is the lessor of 10% of cost to build or $50,000 (Jumbo 10% or $100,000). No further draws can occur until we receive the closing package, the loan goes through the Post Close process, is on boarded with MSP and set up with Granite. This process can take up to 14 days.

Security America Mortgage, Inc

Security America Mortgage is one of the leading VA Home Loan Lenders in the nation; We are not a government agency. We pride ourselves on providing excellent customer service to ensure that each Veteran we serve ends up living happily ever after in the home of their dreams. This is a private website that is not affiliated with the U.S. government, U.S. Armed Forces, or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site is not connected with any government agency.

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