Builders are typically permitted to make one draw per month.

The typical draw disbursement turnaround time is 3-5 business days.

The Builder is permitted to request a closing draw amount for up to 10% of the total project amount at closing.

Builders may request 7 draws during construction and a final draw upon completion of the project. If additional draws are needed, please notify the Mortgage Loan Officer as soon as possible.

Funds will be sent one of the following ways:

• Directly, crediting a Builder-related First Financial Bank checking account
• Checks made payable to the Borrower and/or the Builder/General Contractor
• Wire transactions to a Builder’s account per the Funding Authorization Form

All inspections are performed by third party inspectors contracted by First Financial Bank.

Funds are disbursed based on completion percentages. Please see “Construction Inspection Report” for percentages used to calculate disbursements.

Change orders must be reviewed and approved, in advance, by First Financial Bank. If change orders exceed the amount of the contract at closing, the Borrower(s) is responsible for overages as the work is completed. Overages may not be left to be paid on the final draw.

Change orders associated with the construction project should be uploaded to Built or emailed to the Construction Funding Services team at mortageconstruction@bankatfirst.com.