The FHA Title I and Plus I Home Improvement Loan Programs

We’re Admirals Bank Lend for home improvement projects in all 50 states Have been offering home improvement loans since 1987 Most widely used Title I lender in America Strong focus from Bank management on home improvement and renewable energy lending Home improvement programs customized through market feedback Unlimited capacity for support Lending centers in Boston and Providence

Admirals advantages No money down home improvement solution Maximum return on investment Lending options with flexibility and choice Both secured and combo secured/unsecured loan options available No equity or appraisal needed Flexible terms up to 20 years Fixed rates Pay off early with no penalties Ability to fund customers down to 640 middle FICO score $50,000 Home Improvement Loan

Setting yourself up for success Customer experience is the #1 priority The Product Guide and Contractor Dashboard on the Admirals website (www.admiralsbank.com) are your resources to… Create a great customer experience Assess your customer as a home improvement loan candidate Set the stage properly Convey the value proposition Get an application started Close more deals and avoid cancellations Drive more deals! Sell more home improvements!

Process Guide Assess customer as a loan candidate (use Product Guide) Quote payments Call the Loan Advisor and upload the proposal! (get the customer pre-qualified and applied) Sign contract (if customer is pre-qualified) Track funding progress (on “Loan Statistics” on Contractor Dashboard) 5 minutes! Admirals loans can fund as quickly as 11-12 business days after application Day 1: Pre-qualification (99% certainty) and loan application (over the phone in 5 minutes) Day 2-7: Full approval (closer to 2 if customer submits docs quickly) Day 8: Loan closing (regulation requires 7 day review period from initial disclosures) Day 11: Loan funding (regulation requires 3 day right of rescission period after closing) Use Product Guide to help customer understand which docs they need to gather or simply have your customers contact Admirals directly!

Introducing…the new Plus I Low payments from day 1, maximum savings Can still access up to $50,000 For 700+ FICO customers only (640-699 FICO customers still step down the loan) $25,000 Plus I Loan Borrow $50,000 for Home Improvements = $25,000 Title I Loan

So, what else is new? Besides the update to the Plus I loan, we’ve got a lot going on… Loan Officers available to handle customer inquiries, pre-qualifications and loan applications from: Monday- Friday: 8:30 AM to 8:00 PM Saturday: 9:00 AM- 5:00 PM Pre-qualify your customers with great certainty over the phone More support from the bank…easier sales for you

Competitive landscape HELOCs Equity requirements normally capped at 80% LTV Lines of credit can be reduced based on market conditions Rates often adjustable—payments can rise! Cannot re-amortize Other home improvement loans Lender 1: Can have large dealer fees and a waning appetite for new business Lender 2: Short terms, high payments Lender 3: No re-amortization, no online tools Admirals is the heavyweight champion!