Follow the steps to successfully complete the Homeowner Contractor Agreement 203k.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling in the contractor information section, which includes the contractor's name, license number, and date. Ensure you provide accurate details to avoid any complications.
3. Next, enter the borrower's name(s). It is important to include all individuals involved in the transaction to ensure proper record-keeping.
4. Input the property address where the renovation will take place, along with the FHA case number. Verify all information for accuracy before proceeding.
5. Review the payment structure outlined in the agreement. Note that the program permits payments to the contractor in two installments: an initial draw of 50% at closing and a final draw of the remaining 50% once all work is completed.
6. Ensure that all work will commence within 30 days of loan closing and that it will be completed within six months. This is a critical requirement to adhere to the agreement.
7. Put checks in place for revised bids that outline any additional costs before the final draw can be disbursed. All additional work must be approved by Primary Capital Mortgage.
8. Once all fields are completed, review the entire form for accuracy and completeness. This includes confirming that there is no 'Non-Arms Length' relationship between parties.
9. Finalize the form by signing in the designated areas for both the contractor and the borrower(s). Dates should also be filled in as required.
10. After filling out the form, you can save changes, download a copy, print it, or share it with relevant parties.

Start completing your Homeowner Contractor Agreement 203k online today to ensure your renovation process is seamless.