Finance company EnerBank USA

[Hotbobcool]

The final stage for Lyon to pay the final payment on my loan was after plaster. That is what they considered completed. Yes I had to agree but the milestones are written so vague that there is no way to argue them. There is still a lot that can go wrong that you may still need leverage on. Fortunately my builder was good and I didn't have any issues that needed dealing with.

4 years ago when we used Lyon, it was through Enerbank. We paid it off early, after 2 years, with no penalties (that I can remember).

--Jeff

Good to know. Perhaps there are different requirements by state or they've changed.
At least for Georgia, I was told a minimum of 5% had to be held until completion and no more than 25% would be paid per "stage".