HOME IMPROVEMENT LOAN INFORMATION PACKAGE

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1 HOME IMPROVEMENT LOAN INFORMATION PACKAGE CONTRACTORS 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. Page 1 - Rev 11/1/16

2 TABLE OF CONTENTS 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 Page 2 - Rev 11/1/16

3 HOME IMPROVEMENT LENDING DESCRIPTION PAGE Facts No Equity Requirements No Appraisal Requirements No Seasoning Requirements 100% Up-front funding Funds must be used for eligible Home Improvements Property Types Single Family Multiple Family up to 5 Units Mobile Home Condominium (interior work only) Townhouse Loan Amounts Title 1 FHA Loan Single Family Home - up to $25,000 Multiple Family Home up to 5 units - $12,000 per unit Unsecured Loan - $7,500 The HLIB Advantage Loan Up to $25,000 The HLIB Equity 1st Loan Up to $50,000 Lien Position Title 1 FHA Loan 2nd Position ($7,501 - $25,000) Unsecured (up to $7,500) The HLIB Advantage Loan Unsecured (up to $25,000) The HLIB Equity 1st Loan Secured (up to $50,000) Terms Title 1 FHA Loan The HLIB Advantage Loan The HLIB Equity 1st Loan Secured - 36, 60, 84, 120, 180, and 240 Months Unsecured - 36, 60, 84, and 120 Months Unsecured - 36, 60, 84, and 120 Months Secured - 60, 84, 120,180, 240 Months * The HLIB Advantage Loan can only be offered in conjunction with a Title 1 Loan Page 3 - Rev 11/1/16

4 We are proud to offer: THE FHA TITLE 1 HOME IMPROVEMENT LOAN* 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 No Contractor Fees No Appraisal Necessary No Equity Requirements No Pre-Payment Penalties Interest May Be tax deductible FEATURES 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 CONTACT US TODAY Christopher Guerra Senior Account Executive NMLS # Phone: (800) x 881 Fax: (888) cguerra@homeloanbank.com Page 4 - Rev 11/1/16

5 FHA TITLE 1 HOME IMPROVEMENT LOAN SECURED INTEREST RATE MATRIX ** (LOANS FOR $7,501 - $25,000) Terms Middle Credit Score Tiers * 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% UNSECURED INTEREST RATE MATRIX ** (LOANS FOR UP TO $7,500) Terms Middle Credit Score Tiers * 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% *<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 Page 5 - Rev 11/1/16

6 We are proud to offer: 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 Christopher Guerra Senior Account Executive NMLS # Phone: (800) x 881 Fax: (888) cguerra@homeloanbank.com * Subject to credit approval Page 6- Rev 11/1/16

7 THE HLIB ADVANTAGE LOAN UNSECURED INTEREST RATE MATRIX ** (LOANS FOR $25,000) Terms Middle Credit Score Months 7.50% 60 Months 8.50% 84 Months 9.50% 120 Months 10.50% *HLIB Advantage Loans are offered only in conjunction with FHA Title 1 loans and are not available as an individual loan. ** 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. Interest rates are priced off of the Borrower s Middle Score. If more than one borrower the highest Middle Score will be used. Effective Date:11/1/16 Page 7 - Rev 11/1/16

8 We are proud to offer: The EQUITY 1st HLIB HOME IMPROVEMENT LOAN 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 Christopher Guerra Senior Account Executive NMLS # Phone: (800) x 881 Fax: (888) cguerra@homeloanbank.com * Subject to credit approval Page 8- Rev 11/1/16

9 The EQUITY 1st HLIB HOME IMPROVEMENT LOAN* SECURED INTEREST RATE MATRIX ** (SECURED LOANS FOR UP TO $50,000)* Terms Credit Rating of Credit Rating of 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% *1st Position HLIB Home Improvement Loans are based on bank determined value not to exceed 50% LTV. ** 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. Interest rates are priced off of the Borrower s Middle Score. If more than one borrower the Highest Middle Score will be used. Effective Date:11/1/16 Page 9 - Rev 11/1/16

10 To enroll in Home Loan Investment Bank s Home Improvement Referral Program please send this completed survey to: cguerra@homeloanbank.com or Fax it to: (888) An Account Manager will contact you in the next 48 hours. If you have any questions please contact (800) x 881 Tell us about your company: Company Name: Date: Primary Contact(s): Street Address: City: State: Zip: Phone: * Address: *Fax: Opt out of receiving fax and communications No. of years in business: No. of employees: Avg. price per job: Avg. No. of jobs per month: Type of improvements offered: Doors Gutters Additions Kitchen/Bath HVAC Roofing Windows Basement Remodeling Siding Garages Sunrooms Renewable Energy Systems Other: Do you currently offer financing: Yes: No: Page 10 - Rev 11/1/16

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