What is required for the final draw?
For your final draw request, your builder will be required to send the following items to our Construction Lending Department: • Signed draw request form • Notice of completion as required by the title company • Certificate of Occupancy/Occupancy Permit issued by your local building authority • Final inspection report (ordered by Construction Lending when the builder requests the draw) • Title continuation satisfactory to Schwab Bank as required by title commitment (ordered by Construction Lending when builder requests draw) • Final lien waivers as required by the title company or Schwab Bank • Copy of the homeowner’s insurance policy declaration page and paid receipt
