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1. FHA HOME IMPROVEMENTLENDINGFinancing Solutions by Admirals Bank 2. PROGRAM OVERVIEWFHA Title 1 Home Improvement Loan No equity required to qualify Free to offer to your customersLoan Amounts Up to $25,000 secured with fixed rates from 6.95%-11.95% Up to $7,500 unsecured with fixed rates from 7.95%-13.95%Time Frame Customer gets pre-approved within minutes Customer receives the funds within 11-12 days of original inquiry 3. LOAN DETAILS Requires a credit mid-score of 650 or higher Debt-to-Income Ratio of 45% or underAvailable Terms: 5, 7, 10, 15 and 20 yearsNo Pre-Payment PenaltiesTax Deductible Interest (Secured Loans Only) Funds are disbursed before work beginsFunds are only for Home Improvements (No Debt Consolidation) 4. FHA Title-1 Home Improvement Loans- Secured Rate Matrix **Maximum Loan $25,000.00**TERMQualifying FICO Score 725+700-724660-699 650-65960 Months6.95% 7.95% 8.95% 9.95%84 Months6.95% 7.95% 8.95% 9.95% 120 Months6.95% 8.95% 9.95%10.95% 180 Months7.95% 8.95% 9.95%11.95% 240 Months7.95% 8.95% 9.95%11.95%QualificationsIndividual Applicants: Middle credit score of 650 or higherJoint Applicants: Primary Borrower middle credit score of 650 or higherDebt to-Income Ratio of 45% or lower (adjusted gross back-end)Bankruptcies Discharged 2 years or moreDocuments Needed for ApprovalSigned and dated Information Disclosure Authorization (I.D.A.)Past 2 years of W-2s (each borrower)Most recent pay stub (each borrower)Recent mortgage statementSigned letter of explanation for any derogatory creditProof of any open collections paid (if applicable)Estimates describing work to be done and dollar amount required*All decisions including rates and approvals are at the sole discretion of Admirals Bank. Rates aresubject to change without notice.***Effective: October 28, 2011 5. FHA Title-1 Home Improvement Loans- Unsecured Rate Matrix**Maximum Loan $7,500.00**TERM Qualifying FICO Score 725+ 700-724 660-699 650-65960 Months7.95% 9.95% 11.95%12.95%84 Months8.95% 10.95%11.95%12.95% 120 Months8.95% 11.95%11.95%13.95%QualificationsIndividual Applicants: Middle credit score of 650 or higherJoint Applicants: Primary Borrower middle credit score of 650 or higherDebt to-Income Ratio of 45% or lower (adjusted gross back-end)Bankruptcies Discharged 2 years or moreDocuments Needed for ApprovalSigned and dated Information Disclosure Authorization (I.D.A.)Past 2 years of W-2s (each borrower)Most recent pay stub (each borrower)Recent mortgage statementSigned letter of explanation for any derogatory creditProof of any open collections paid (if applicable)Estimates describing work to be done and dollar amount required*All decisions including rates and approvals are at the sole discretion of Admirals Bank. Rates aresubject to change without notice.***Effective: October 28, 2011 6. THE PROCESS Offer the homeowner the financing optionApply over the phone or online while youre at Complete an application and fax or email it tothe customers house your Account ExecutiveHomeowner approval Borrower(s) provide proof of employment andCustomer is pre-qualified within minutesincome for an official approvalHomeowner receives the Funds Customer can receive the funds in 11-12 Customer chooses (2) checks, (1) check or wire business days transfer 7. TIME TO GROWYou Sell MoreCustomer gets EveryoneJobs the work done Benefits 8. GETTING YOU SIGNED UPFill out two forms and provide proof ofproper licensing and liability insuranceGet approved to offer financing to yourcustomersStart offering a financing option, stop losingjobs due to lack of funds and grow yourbusiness 9. Admirals Bank Contractor Referral Program Survey To enroll in the Admirals Bank Contractor Referral Program, please take a few minutes to complete the short survey below. Inaddition we will need a copy of your Contractors license (if your state requires one; if not, please provide a copy of your businesslicense) and certificate of liability insurance. If you have any questions regarding this survey or the Admirals Bank Contractor Referral Program, please call us at 1-800-715-8472.Contact Name______________________________________________________________________________________Company Name___________________________________________ Date _______________________________Street Address______________________________________________________________________________________City / State___________________________________________ Zip _________________________________Phone ___________________________________________ Fax ________________________________E-mail Address______________________________________________________________________________________ For IMMEDIATE response, please provide your email addressWhat type of home improvements do you offer? _________________________________________________________________How long have you been in business?_________________________________________________________________How many labor crews do you employ?_________________________________________________________________How many jobs do you average per month?_________________________________________________________________What is your average cash price per job? _________________________________________________________________Do you offer free estimates? (please circle)YES NOHow many sales representatives do you have?_________________________________________________________________What type of financing do you offer? (please circle) IN-HOUSEOUT-SOURCEDNONESales/Finance Manager______________________________________________________________________________________FAX YOUR COMPLETED CONTRACTOR SURVEY & COMPANY PROFILE TOAttn: Brian Silver 888-622-2573 10. Contractor Referral Company ProfileCompany Name: ____________________________________________________________________________________Street Address: _____________________________________________________________________________________City, State, Zip: _____________________________________________________________________________________Name of Company Principals: 1. ________________________________________________________________________________________ 2. ________________________________________________________________________________________ 3. ________________________________________________________________________________________ 4. ________________________________________________________________________________________Company Phone Numbers: 1. ________________________________________________________________________________________ 2. ________________________________________________________________________________________ 3. ________________________________________________________________________________________Company Fax Numbers: 1. ________________________________________________________________________________________ 2. ________________________________________________________________________________________ 3. ________________________________________________________________________________________Company Email and Web Address: ___________________________________________________________________________________________ ___________________________________________________________________________________________Name of Primary Company contact(s): ___________________________________________________________________________________________ ___________________________________________________________________________________________ *NOTE: If you would like to opt-out of receiving fax or email communications from the Admirals Bank Contractor Assistance Team, please specify NO CONTACT next to your fax number and/or email address. 11. CONTACT INFORMATIONRichard BrooksAdmirals Bank 15 Park Row West Providence, RI 02903 Tel 800-572-7844 Ext.7355 | Dir. 401-248-7355Fax 888-622-2573 NMLS : 5087rbrooks@admiralsbank.com