1. The FHA Title I and Plus I Home Improvement Loan Programs

2. 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

3. 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 middle FICO score
$50,000
Home Improvement Loan

4. Setting yourself up for success
Customer experience is the #1 priority
The Product Guide and Contractor Dashboard on the Admirals website ( 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!

5. 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 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!

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

7. 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

8. 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!