Builder's Information Center
We take pride in making the home building process easy for all parties involved.
Please review the list of required documentation below.
Required Documents:
APPROVAL
To get started, we ask prospective builders to provide additional information prior to approval. You only need to provide this information once - we will keep a record of it so we can continue to do business with you in the future.
Required Documentation
- Builder Profile/Builder Application
- W-9
- Certificate of Workers Compensation
- Certificate of Insurance
- Builders License
Self Build
- Resume/Portfolio
- Letter of explanation with details about what qualifications you posses to build your own home.
THE DRAW PROCESS
Draw Request
Before a draw request can be completed, we ask builders to fill out a W-9 form. This form can be submitted via fax (513) 333 -3852, email at mortgageservicing@cinfed.com, or delivered to our Mortgage Department at 4801 Kennedy Avenue, Cincinnati OH 45209.
A request for a draw should be accompanied by the following:
- Affidavit signed by contractor and notarized on each draw (provided by Cinfed).
- Copy of the draw schedule, if one has not already been provided. Download a sample draw schedule, here.
- Once we have the W-9, draw schedule, and contractor’s affidavit (needed for each draw), we will send the following forms to be completed.
- Draw disbursement authorization (To member)
- Title update (To title company)
- Appraisal update with percentage of completion (To appraiser)
Once we have the above 3 items completed, we can release funds as long as the percentage of completion is within a normal range. For example, the percentage of funds disbursed needs to match the percentage of completion. Typically, Cinfed allows vendors 5 business days to complete the above requests. Sometimes it can take longer than 5 days. We strive to meet the 5 day turn around time, and are persistent in communicating with vendors to get this completed quickly.
