home improvement loan information package · home loan investment bank is a federal savings bank...

HOME IMPROVEMENT LOANINFORMATION PACKAGE

CONTRAC TORS

- Rev 11/1/16

With Our

• FHA Title 1 Home Improvement Loan

•HLIB Advantage Loan

• and Equity 1st Loan...

You can sell more jobs by

joining our Home

Improvement Referral

Program.

One Home Loan Plaza, Warwick, RI 02886 T: (800) 223-1700 x 709 F: (888) 261-1190www.homeloanbank.com [email protected]

TABLE OF CONTENTS

- Rev 11/1/16

Page Description

1 Cover Page

2 Table of Contents

3 Title 1 Description Page

4 The FHA Title 1 Loan Info Sheet

5 The FHA Title 1 Loan Lending Matrix

6 The HLIB Advantage Loan Info Sheet

7 The HLIB Advantage Loan Lending Matrix

` 8 The Equity 1st Loan Info Sheet

9 The Equity 1st Loan Lending Matrix

10 Request More Information Sheet

11 HLIB NARI Certificate


- Rev 11/1/16

HOME IMPROVEMENT LENDING DESCRIPTION PAGE

Loan Amounts

Title 1 FHA Loan • SingleFamilyHome-upto$25,000•MultipleFamilyHomeupto5units-$12,000perunit•UnsecuredLoan-$7,500

The HLIB Advantage Loan •Upto$25,000

Lien Position

Title 1 FHA Loan • 2ndPosition($7,501-$25,000)•Unsecured(upto$7,500)

The HLIB Advantage Loan •Unsecured(upto$25,000)

Terms

Title 1 FHA Loan • Secured-36,60,84,120,180,and240Months•Unsecured-36,60,84,and120Months

The HLIB Advantage Loan •Unsecured-36,60,84,and120Months

Facts•NoEquityRequirements•NoAppraisalRequirements•NoSeasoningRequirements• 100%Up-frontfunding• FundsmustbeusedforeligibleHomeImprovements

Property Types• SingleFamily•MultipleFamilyupto5Units•MobileHome•Condominium(interiorworkonly)• Townhouse

* The HLIB Advantage Loan can only be offered in conjunction with a Title 1 Loan

The HLIB Equity 1st Loan •Upto$50,000

The HLIB Equity 1st Loan • Secured(upto$50,000)

The HLIB Equity 1st Loan • Secured-60,84,120,180,240Months


- Rev 11/1/16

Home Loan Investment Bank is a Federal Savings Bank that has been providing innovative lending solutions to the community for over 57 years. Our Home Improvement Loan is designed to give homeowners the financing they need to increase the value of their home, while giving

contractors the ability to secure more jobs.

This program gives homeowners an opportunity to swiftly and affordably finance home repairs and improvements.

BENEFITS FEATURES

CONTACT US TODAY

No Contractor FeesNo Appraisal NecessaryNo Equity RequirementsNo Pre-Payment PenaltiesInterest May Be tax deductible

THE FHA TITLE 1 HOME IMPROVEMENT LOAN*

Obtain up to $25,000 for a single-family home.Low Fixed Interest Rate.Unsecured & Secured Options Available. Flexible payments terms of up to 20 years.

* Subject to credit approval

We are proud to offer:

Steven Breault Senior Account ExecutiveNMLS # 1164597Phone: (800) 223-1700 x 709Fax: (888) 261-1190Email: [email protected]


- Rev 11/1/16

Terms Middle Credit Score Tiers*800+ 740+ 700-739 660-699 640-659

36 Months 3.50% 3.50% 4.50% 5.95% 6.95%60 Months 3.50% 3.95% 4.95% 6.50% 7.50%84 Months 3.50% 4.50% 5.50% 6.95% 7.95%120 Months 3.95% 5.50% 6.50% 7.50% 8.50%180 Months 3.95% 5.75% 6.75% 7.95% 8.95%240 Months 3.95% 5.95% 6.95% 8.50% 9.50%

SECURED INTEREST RATE MATRIX **(LOANS FOR $7,501 - $25,000)

Terms Middle Credit Score Tiers*800+ 740+ 700-739 660-699 640-659

36 Months 4.50% 4.50% 5.50% 6.95% 7.95%60 Months 4.50% 4.95% 5.95% 7.50% 8.50%84 Months 4.95% 5.50% 6.50% 7.95% 8.95%120 Months 4.95% 6.95% 7.95% 8.95% 9.95%

UNSECURED INTEREST RATE MATRIX **(LOANS FOR UP TO $7,500)

*<30% Total Debt Ratio with no Origination Charges.

** All decisions are at the sole discretion of Home Loan Investment Bank and are subject to change without notice and all loans are subject to credit approval.

For contractor informational purposes only. Not to be reproduced or distributed in any manner.

Effective Date:11/1/16

FHA TITLE 1 HOME IMPROVEMENT LOAN


- Rev 11/1/16

When $25,000 is not enough to complete your home renovation project, call your Home Improvement Partner and find out about our additional financing package. This particular type of home improvement loan allows you to finance up to $25,000* in additional funds

for your home improvement project, in conjunction with a Title I Home Improvement loan for a total of $50,000.

CONTACT US TODAY





- Rev 11/1/16

Terms Middle Credit Score 700+36 Months 7.50%60 Months 8.50%84 Months 9.50%120 Months 10.50%

UNSECURED INTEREST RATE MATRIX **(LOANS FOR $25,000)

THE HLIB ADVANTAGE LOAN

*HLIB Advantage Loans are offered only in conjunction with FHA Title 1 loans and are not available as an individual loan.


Interest rates are priced off of the Borrower’s Middle Score. If more than one borrower the highest Middle Score will be used.



This new particular type of home improvement loan allows you to finance up to $50,000* in additional funds for your home improvement project, when you dont have a mortgage,

or a small first mortgage. Qualify for up to $50,000 in as little as two weeks!

CONTACT US TODAY



The EQUITY 1st HLIB HOME IMPROVEMENT LOAN

- Rev 11/1/16



- Rev 11/1/16

Terms Credit Rating of 640 -719 Credit Rating of 720+60 Months 4.95% 3.95%84 Months 5.50% 4.50%120 Months 5.95% 4.95%180 Months 6.50% 5.50%240 Months 6.95% 5.95%

SECURED INTEREST RATE MATRIX **(SECURED LOANS FOR UP TO $50,000)*

The EQUITY 1st HLIB HOME IMPROVEMENT LOAN*

*1st Position HLIB Home Improvement Loans are based on bank determined value not to exceed 50% LTV.


Interest rates are priced off of the Borrower’s Middle Score. If more than one borrower the Highest Middle Score will be used.



- Rev 11/1/16

To enroll in Home Loan Investment Bank’s Home Improvement Referral Program please send this completed survey to:

Email: [email protected] or

Fax it to: (888) 261-1190

An Account Manager will contact you in the next 48 hours. If you have any questions please contact (800) 223-1700 x 709

Company Name: Date:

Primary Contact(s):

Street Address:

City: State: Zip:

Phone: *Fax:

*E-mail Address:

Tell us about your company:

Avg. No. of jobs per month:No. of employees:

No. of years in business: Avg. price per job:

Type of improvements offered:

Do you currently offer financing: Yes: No:

Renewable Energy Systems

Kitchen/BathBasement Remodeling

Doors

SidingHVAC Windows

Sunrooms

Additions

GaragesRoofingGutters

Other:

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home improvement loan information package · home loan investment bank is a federal savings bank...

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