1. This presentation on buying a Home is presented to you by DFW Metro Housing Presented by Colin Rosenthal and Chris Cook TEL 214-704-4005 FAX 214-666-3227 colin@dfwmetrohousing.com http://wwwdfwmetrohousing.com

2. Asha and her children

3. Asha and her children in front of their brand new home

4. Asha Smith and her 2 children Tyler and Faith Needed a home Once Asha had decided in March of 2008 that she was going to get her own home There was no stopping her.

5. She got her home She persevered and overcame every obstacle and on January 8 th 2009 she moved into her Brand new home in Arlington Texas with the help of AHAP (Arlington Housing Assistance Program) and the TCHP Tarrant County Housing Partnership

6. Home-Ownership

7. She got her home AHAP (Arlington Housing Assistance Program) and the TCHP Tarrant County Housing Partnership and other Programs throughout the DFW Metro-Plex

8. Who is the # 1 person in your team?

9. YOU ARE

10. Home buyer 101

11. What does it take to purchase your own home? With an FHA loan 3.5% down payment

12. Home buyer 101 What does it take to purchase a home? About 6% in closing costs

13. Home buyer 101 What does it take to Purchase a home? 3.5 % down payment 6% in closing costs This means you need 9.5% of the price of your home to get into it?

14. Home buyer 101 What does it take to Purchase a home? 3.5 % down payment 6% in closing costs This means you need 9.5% of the price of your home to get into it? On a $100,000 home that is $9500

15. Who has $9500 saved up?

16. Dreaming of Home-ownership? Very few people have $9500 ready and waiting to buy a home. This is where our knowledge and experience as Realtors and Loan Officers help you obtain your dream of Home-ownership

17. The Problem There are various different methods of overcoming this problem: But this is where our team work begins and why team work is so important.

18. The Problem There are various different methods of overcoming this problem: But this is where our team work begins and why team work is so important. 1) We ask the seller to pay the 6% in closing costs which is the maximum allowed by law

19. The Problem There are various different methods of overcoming this problem: But this is where our team work begins and why team work is so important. 2) The 3.5 Down payment required can be obtained through Government Grant and or Bond programs

20. How do we get Assistance? How can we eliminate or at least help you with your Down payment and continue to help you get into your home with only $1000 investment?

21. How do we get Assistance? How can we eliminate or at least help you with your Down payment and continue to help you get into your home with only $1000 investment? Through Government Grant Programs

22. How do we get Assistance? How can we eliminate or at least help you with your Down payment and continue to help you get into your home with only $1000 investment? Originating through: TDHCA Texas Department of Housing and Community Assistance and

23. Program 77 The TDHCA is offering First Time Home Buyers (You cannot have owned a home for the past three years) 5% in down payment assistance interest free that is recoverable when the home is sold again There is a 1% set up fee and you will need to attend a First Time Homebuyers Education Workshop.

24. How do we get Assistance? How can we eliminate or at least help you with your Down payment and continue to help you get into your home with only $1000 investment? Originating through: HUD Department of Housing and Urban Development Grant Programs.

25. How do we get Assistance? HUD Department of Housing and Urban Development Grant programs. Such as City HAPs Housing Assistance Programs Citys & County Home Assistance Programs.

26. How do we get Assistance? HUD Department of Housing and Urban Development Grant programs. Such as City HAPs Housing Assistance Programs Citys & County Home Assistance Programs. Arlington, Fort Worth, Dallas, Irving, Plano, Mc Kinney, Lewisville, garland and many other cities in the Metro-Plex have these HAP programs available

27. Minimum requirements To qualify for assistance your income must be below the 80% Annual medium income bracket example: Family of 2 $43250 a year income Family of 6 $62550 a year income Your credit score must be above a 620 We will assist you free of charge to rebuild your credit if you are below a 620 You must be able to invest a minimum of $1000 when purchasing your own home Normally the minimum assistance is $7500 in most cities to $14999 in Fort Worth.

28. The Home Buyers Club We basically have two different programs. 1) A slow track Home Buyers club that will last 6 months and assist those that need credit assistance. This is called the Home- buyers Club 2) A fast track class for those who have already qualified for a home loan and need the class ASAP We will advise you where this class can be taken, normally on a Saturday for 8 hours

29. Home Buyers Club Cont. Each month we will present a different topic starting with: Month One: Orientation and are you ready to buy a home: Month Two: Managing your money Month Three: Understanding Credit Month Four: Applying for and obtaining a mortgage loan. Month Five: Shopping for a home Month Six: Protecting your investment after closing

30. Information available on my web- site http://www.dfwmetrohousing.com http://www.dfwmetrohousing.com

31. All the information on grant programs

32. What is required of you? Depending on which program you are going with, your Income cannot exceed the limits. Not have owned a home in 3 years Must be pre-qualified through Chris Cook or a lending partner in the program Once you have filled in the application we will work with you and guide you through the process getting you qualified and do all the paperwork. With your help of course.

33. Which program is best for you? It is imperative that you do not over extend your selves when buying a home. To determine what price you can afford go by the 1% rule $100000 home will cost you $1000 a month including taxes and insurance If you have been paying $700 a month rent for the past 5 years try to stay at $700

34. A home costs more than a rental Remember in your own home you pay for the repairs. Therefore you must budget for repairs as well as a mortgage payment. Always ask for a Home Warranty Extend it and pay for it on a monthly basis after the first year

35. Finally I hope this presentation has given you more of an idea of what is involved in buying a home and Please feel free to call me 7 days a week at 214-704-4005 to answer any questions you may have. You may also visit my web-site at: http://dfwmetrohousing.com/ or E-mail me at dfwmetrohousing@sbcglobal.net dfwmetrohousing@sbcglobal.net Thanks very much for your time, Colin Rosenthal and Chris Cook