1. For internal use only.

FHA — An Overview

Rev. 11/1/11

2. For internal use only.

About FHA

The government-backed Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders. W.J. Bradley is experienced at navigating the requirements for

FHA loans.

3. For internal use only.

Sell More Homes FHA loans can help first-time and low-income borrowers

get into the home they desire and deserve. •   Low down payment requirements •   Less cash out of pocket required •   May have lower FICO score requirements

Because it’s easier for borrowers to qualify for an FHA mortgage, you can sell more homes.

4. For internal use only.

FHA Advantages FHA loans have many advantages over other types of loans: •   Forgiving of past credit issues. •   Purchase and rehab the house with only one loan using the

FHA 203(k) program. •   Condos and manufactured homes may qualify.

5. For internal use only.

Homebuyer Options More buyer options + More ways to qualify =

More home sales! •   Gift funds or bond programs for down payment and

closing cost assistance are allowed.

•   Fixed and ARM loans available.

I can help qualify your clients for an FHA loan!

6. For internal use only.

90-Day Flip Waiver The 90-Day ownership requirement has been waived. Prospective buyers can use an FHA loan to purchase HUD-

owned, bank-owned and privately owned homes that have been in the seller’s possession for less than 90 days!*

FHA implemented this relaxation of requirements hoping

that it would speed resales of homes, helping to stabilize real estate prices and communities where there have been large numbers of foreclosures.

* Some restrictions apply.

7. For internal use only.

90-Day Flip Waiver — Continued

How does this benefit real estate agents? •   Makes more properties eligible for FHA-insured mortgages. •   Expands the number of properties available to homebuyers. •   Allows more people to become homeowners. Increase sales in the neighborhoods you serve!

8. For internal use only.

FHA Mortgage Insurance Mortgage insurance premium (MIP) •   Upfront premium is 1% of the loan amount. •   Annual mortgage insurance premiums are:

< = 15 Year Amortization

LTV > 90% 0.50% LTV < or = 90% 0.25%

> 15 Year Amortization LTV > 95% 1.15%

LTV < or = 95% 1.10%

9. For internal use only.

WJB: A High-Performing Lender •   WJB has an enhanced level of insuring authority from

U.S. Department of Housing and Urban Development (HUD).

•   HUD considers WJB a high-performing lender, allowing WJB to participate in the Lender Insurance Program (LI). The LI program makes processing FHA loans easier and more cost-efficient for lenders.

•   Benefit to your clients: Better pricing on FHA loans and faster loan review times!

10. For internal use only.

Choose WJB for FHA Loans WJB: •   Makes the loan process less intimidating and more

transparent for homebuyers. •   Quickly moves each loan through approvals, processing

and underwriting so closing is on time and stress-free. •   Has some of the fastest turn times in the industry. •   Provides partner marketing to help you grow your

business. •   Is an expert at navigating the requirements for FHA and

other government-backed loans.

11. For internal use only.

WJB…A Name You Can Trust W.J. Bradley Mortgage Capital Corp.: •   Privately held independent mortgage lender founded in

2003. •   Committed to helping consumers obtain real estate

financing targeted to their unique financial needs. •   Backed by private investors = solid financial foundation.

WJB is an FHA loan expert!

12. For internal use only.

Thank You

Let's work together to turn more home shoppers into home buyers!