1. It’s Your City
own it!

2. About Us Who is Integrity Mortgage Group (IMG):
We are a national mortgage lender, headquartered in North Carolina. Our family-owned company represents 23 branch locations that is licensed and lending in 10 States. IMG offers fully delegated approvals for FHA, VA, USDA, Fannie Mae and Freddie Mac. With the entire loan process in house, IMG is a superior solution for a true one stop shop.
Why is IMG a perfect solution for you:
A lot of mortgage companies make the home buying process stressful, but it doesn’t have to be. IMG equips you with the knowledge and information you need to make an informed home buying decision to support your family. Our principles focus on customer care with the intent that our clients will be so happy with our services that they will be a customer for life.

3. YOUR PATH TO HOMEOWNERSHIP Kelly Wolfe Grace Gabower
With local real estate market experts:
Rinehart Realty - Cyndy Stout
Kelly Wolfe
President / Co-Founder
Grace Gabower
Loan Consultant

4. IMG HOMEBUYER WORKSHOP
Prepare
Shop
Process
Close
Own
Getting Prepared to Buy a Home
Finding the
Perfect Home
Getting Your Mortgage -
Mortgage Loan Process
Closing Your Loan
Being a
Successful Homeowner!

5. Getting Pre-approved
Discussing with your mortgage lender how much home you can afford and down payment options
Tri-merge credit report
and credit profile analysis
Collecting personal data
and documentation
Discussing mortgage loan programs based on your unique situation and long term goals

6. Getting Pre-approved Documents You May Need Tax returns and W-2’s
Employment history
Paycheck stubs
Savings/checking account statements
Drivers license and Social Security Card
Documents You May Need

7. Budget Find your comfort range
Understand home investment and how fits into your long term plans, family, employment, etc..
Identify additional or future expense
Write it down

8. The portion of the payment that is used to reduce the loan balance.
P R I N C I P A L
The portion of the payment used to pay interest that is due.
I N T E R E S T
Usually one-twelfth of the annual property tax bill.
T A X E S
Usually one-twelfth of the annual mortgage and homeowners insurance bills.
I N S U R A N C E
Monthly Mortgage Payment

9. Apple + Android App
Perfect tool for customers and field use. 
New features and updates added frequently.
Personalized for you with your contact information.
Features include loan calculators, document scanner, contact options and news.

10. INTEGRITY MORTGAGE GROUP Mortgage Calculator App
Workshop Exercise
Install the
INTEGRITY MORTGAGE GROUP
Mortgage Calculator App

11. Seller pays both buyer’s and seller’s agent commissions.
REALTOR
Agents
Buyer’s Agent vs
Seller’s Agent
Home Criteria
Set clear criteria for house characteristics, must haves, nice to have and proximity to schools/work, etc.
Negotiations
An agent can help negotiate the purchase price and seller paid closing costs, saving you $$$!
Commissions
Seller pays both buyer’s and seller’s agent commissions.

12. You Found the Perfect House…Now What?
Step I
Step II
Step III
Step IV
Make an Offer
Signed Purchase Contract Executed
Possible Contract
Negotiations
Provide Earnest
Money &/or Due Diligence Money

13. Mortgage Options Conventional FHA USDA VA
3% first time home buyer option based on AMI (Area Medium Income)
5% minimum under typical circumstances
20% down payment eliminates MI
Credit Scores typically 640 minimum
3.5% Down
Mortgage Insurance required through life of the loan
Credit Scores down to 600
Credit trade lines are somewhat flexible if little credit history is evident
0% down
Credit score minimum of 620, however 640+ reflects an increased rate of approval.
Mortgage Insurance requirement through life of the loan (though less than FHA)
Area and Income Eligibility USDA Eligibility Link
For eligible active military service members and veterans
Disabled service members – VA Funding Fee waived typically.
0% Down
No Mortgage insurance
Credit Scores down to 600
Conventional
FHA
USDA VA

14. This a responsible and affordable housing program that provides DOWN PAYMENT ASSISTANCE for applicants utilizing FHA loan financing.
100% home financing
NO geographic restrictions
NO income restrictions
NO repayments for qualified applicants

15. Private Mortgage Insurance (Conventional) vs.
Mortgage Insurance (FHA/USDA)
PMI can be lender or borrower paid as a discounted lump sum up-front or paid monthly.
PMI is paid to a private mortgage insurance company (only on conventional loans) and MI is paid to the insuring government agency.
PMI can be Tax Deductible
PMI can be cancelled at 80% LTV at borrower request to the servicer.
Required by law to be cancelled at 78% LTV.

16. Application Underwriting Processing Loan officer finalizes disclosures
Your information is verified to confirm accuracy and a disclosure package is sent to you to E-sign. Your loan Officer discusses your estimated cash to close and estimated payment.
Underwriting
Processing
Loan is reviewed by processor
Sent to underwriting for approval
Processing items include: Tax Returns Transcripts, VOE’s, Appraisal, Title Documents, and any other items needed to process the loan.
At either stage, you may need to provide additional information to ensure the loan conforms to the loan program guidelines.

17. - You will see a closing disclosure 3 business days before your closing day. This document will undergo several revisions with your settlement attorney to make sure all invoices for the loan transaction are included. The initial Closing Disclosure requires your electronic signature.
- This document details your loan terms, monthly payment, and cash to bring to closing.
Closing Your Mortgage

18. Grab a tip sheet packet on the back table before leaving.
enjoy
Your
New Home!
Grab a tip sheet packet on the back table before leaving.