1% down payment

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The number one limitation to home ownership is the lack of available down payment funds. It is estimated that nearly 1 in every 4 or 25% of all homes sold in 2008 alone were with use of seller-funded DPA programs. Without those programs, it is estimated that as much as 40% of today’s potential homebuyers are excluded from the marketplace… Fact:

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How to buy a home with 1% down

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Page 1: 1% down payment

The number one limitation to home ownership is the lack of available down

payment funds.

It is estimated that nearly 1 in every

4 or 25% of all homes sold in 2008

alone were with use of seller-funded

DPA programs. Without those

programs, it is estimated that as

much as 40% of today’s potential

homebuyers are excluded from the

marketplace…

Fact:

Page 2: 1% down payment

We are Proud to Introduce…

The program that invites potential home buyers back into the marketplace!

Just think of all the past homebuyers that you were previously unable to help and now can!

Page 3: 1% down payment

How many families will you help?

How many more homes will you sell?

How many others will benefit from a stable marketplace?

We Offer An Exclusive Solution!

Page 4: 1% down payment

America’s Home Buyer Solution™ Gift Program is designed to provide eligible homebuyers up to 2.5% of down payment and closing cost assistance in the form of a gift which the homebuyer is under no obligation to repay.

This program is ideal for individuals and families looking to obtain quality affordable housing with as low as 1.0% down.

Even better news is – their portion of the down paymentcan be a gift from a family member!

America’s Home Buyer Solution™ Gift Program is offered exclusively through The Lending Company, a Direct Endorsed U.S. Housing and Urban Development lender.

America’s Home Buyer Solution™ GIFT PROGRAM

About the Program

Page 5: 1% down payment

America’s Home Buyer Solution™ GIFT PROGRAM

Where the Gift comes from

From a network of qualified 501 3 (c) non-profit charities. They have established funds to help stimulate America’s Housing Market.

The Lending Company is the exclusive lender to underwrite these FHA loans for this program.

This is not a seller funded down payment program.

Page 6: 1% down payment

America’s Home Buyer Solution™ GIFT PROGRAM

Program Benefits The Program provides up to 2.5% gift to

homebuyers utilizing an FHA 1st mortgage.

Down payment requirements as low as 1.0%

Seller is allowed to contribute up to 6% to be applied towards closing costs, rate buy downs andpre-paids. (soon moving to 3% per FHA guidelines)

Competitive interest rates.

Flexible loan approval guidelines.

Not limited to first-time home buyers.

Not limited to just foreclosure or vacant properties

1 to 4 Family Homes and Condominiums (HUD Approved)

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America’s Home Buyer Solution™ GIFT PROGRAM How It Works

Available with FHA Fixed 30 year mortgages.

Loan amounts cannot exceed Max FHA County Loan Limits

Owner Occupied Only / Primary Residence.

Moderate Income Limits

Non-occupant co-borrowers allowed.

No Prepayment Penalties.

Need not be a first time home buyer.

All borrowers Minimum Credit Score is 640.

'Thin' credit considered on a case-by-case basis.

Some income restrictions may apply (See County Median Income Guidelines:

http://www.rurdev.usda.gov/HSF-Guar_Income_Limits.html

Page 8: 1% down payment

Underwriting Overlays

640-659 Fico

Have DU A/Elig1.0% downminimum

44% max DTI

(regardless of any

DU findings)

660-680 Fico

Have DU A/Elig

1.0% downminimum

46% max DTI

(regardless of any

DU findings)

Over-680 Fico

Have DU A/Elig1.0% downminimum

Accepted DTI and

findings from DU

* No Manual UW for this product

Page 9: 1% down payment

The Intelligent Credit Report

• Our Intelligent Credit Report interprets trade-lines, detects data errors, predicts Fannie Mae/Freddie Mac underwriting conditions and even suggest ways your clients can legitimately strengthen their scores in 72 hours.

• Credit reporting insights about your applicants that allow us to analyze and interpret credit files in ways that qualify more applicants more often, and more easily.

• Each client receives a Custom Rescoring Report

• Each Client receives our Debt Free Wizard Report – the most effective, step by step plan for your clients to get out of debt.

• The fastest way to do Rapid Rescoring.

• Recovers 15-20% of initially declined clients

Page 10: 1% down payment

America’s Home Buyer Solution™ GIFT PROGRAM

Requires Home Buyer Education

Fee is $60.00 - $75.00 with Book

Page 11: 1% down payment

America’s Home Buyer Solution™ GIFT PROGRAM

Sales Techniques & Common Questions

Q. I never heard of this before. How can you do it?

A. This GIFT program fully complies with all existing federal and state laws and is investor approved. The Lending Company was instrumental in creating this program.

Q. I already have the 3½% saved for a down payment, why would I do this?

A. You may decide not to. For some it will be a lack of down payment and closing costs funds. For others it will be to save their cash for home improvements or furnishings. Maybe you want to keep your savings in other investment vehicles. Our responsibility is to offer you options so that you can choose the one that gives you the greatest peace of mind.

Page 12: 1% down payment

America’s Home Buyer Solution™ GIFT PROGRAM

Sales Techniques and Common Questions

Q. How does the rate compare to a standard FHA loan?

A. With a lower down payment invested into the purchase, the investment community considers this a greater risk loan. The rate reflects this greater risk of default. In most cases it raises the monthly payment by only $40.00-$90.00 per month and with seller closing cost contribution, it can bring the rate back down.

Q. Oh I’ve heard of that, what makes it so special?

A. It is a very unique program and is only available today through The Lending Company. It is special because it offers an option to the 40% of the market that could not qualify due to a lack of down payment funds. Now they can qualify and become potential homeowners.

Q. How did The Lending Company get the exclusive?A. Track record! We have a proven successful track record with both the non-

profits and with H.U.D. In addition, we were instrumental in the development and creation of the program.

Page 13: 1% down payment

America’s Home Buyer Solution™ GIFT PROGRAM

Sales Techniques and Common Questions

Q. Can the loan officer I’m working with now at another company do this?

A. No. America’s Home Buyer Solution was created by and is exclusive to The Lending Company, Inc.

Q. Why should my seller pay up to 6% of buyer costs?

A. To help sell their home faster and for a greater sales price. Offeringa 1% down payment option will set their home apart from the competition. The typical price reduction used to help sell a home is much greater than the cost of the requested sales incentives.

Page 14: 1% down payment

The Lending CompanyAdditional Programs and Benefits

1. In-House Processing, Underwriting and Funding.

2. Full EAGLE Direct Endorsed Lender for HUD/FHA/VA and direct underwriter for all Conventional/FHA/VA/USDA loan programs.

3. Fully automated technology from origination through closing.

4. Online Client Care with 110 E-mail Alerts for Loan Tracking

5. FHA 203K Remodel-Rehab Loans

6. Full menu of Conventional and Jumbo loan programs. (including Home Path)

7. VA Loans

8. USDA “Zero Down Prime Choice” Loan Program and More!

Page 15: 1% down payment

The Lending CompanyHad it with Late Closings, extensions and lame

excuses about Underwriting?

1. Rapid Underwriting Approvals

2. Expedited processes from beginning to end

3. Bi Lingual loan officers available 24/7

4. Not just 1 person but a team of dedicated professionals.

Page 16: 1% down payment

Questions?For additional information please feel free to

call:

Brian P. Rogerson / Mortgage BankerNMLS# 28721

480-236-8287 / www.TLCAPPROVED.com