1. VETERANS BENEFITS ADMINISTRATION Phoenix Regional Loan Center

2. VETERANS BENEFITS ADMINISTRATION Jeffery L. Wilson Loan Production Officer Phoenix Regional Loan Center Home Buying/Awareness Briefing Opening Remarks

3. VETERANS BENEFITS ADMINISTRATION Agenda Introduction Advantages Steps Wrap-up

4. VETERANS BENEFITS ADMINISTRATION VA at a Glance Loan Production Construction & Valuation Loan Administration Special Adapted Housing Native American Direct Loan Program

5. VETERANS BENEFITS ADMINISTRATION Why use the VA Loan Program?

6. VETERANS BENEFITS ADMINISTRATION 100% Financing – no down payment Competitive interest rates Limited closing costs No cash reserve requirements No pre-payment penalties No Private Mortgage Insurance Advantages

7. VETERANS BENEFITS ADMINISTRATION Energy Efficient Mortgages Fast and easy processing Easy to qualify – flexible credit standards Interest Rate Reduction Refinance Loans available (No appraisal or credit qualifications required) VA loans are assumable VA Customer Service! Advantages

8. VETERANS BENEFITS ADMINISTRATION Safe Sanitary Structurally Sound Minimum Property Requirements (MPR’s)

9. VETERANS BENEFITS ADMINISTRATION Underwriting Guidelines

10. VETERANS BENEFITS ADMINISTRATION Income Stable and reliable Sufficient in amount Reportable / verifiable

11. VETERANS BENEFITS ADMINISTRATION Credit Generally NO derogatory credit last 12 months Paid / unpaid collections Judgments satisfied or repayment plan

12. VETERANS BENEFITS ADMINISTRATION VA HAS NO LOAN LIMITS VA maintains a maximum GUARANTY based on the HUD/FHA average property value chart located on VA’s web site: http://www.benefits.va.gov/HOMELOANS/documents/docs/2014_county_loan_limits.pdf

13. VETERANS BENEFITS ADMINISTRATION MSA/CityGty’d Loan AmtMSA/CityGty’d Loan Amt Contra Costa$1,050,000All of Arizona$417,000 San Mateo Cnty$1,050,000Sacramento$474,950 Los Angeles$687,500Orange Cnty$687,500 Riverside Cnty$417,000San Diego Cnty$546,250 All of NM$417,000All of NV$417,000 Here are some examples of how the maximum guaranty works: VA’s Guaranty

14. VETERANS BENEFITS ADMINISTRATION Steps Certificate of Eligibility Find a home Select a lender Appraisal Qualification Closing VA guarantees loan

15. VETERANS BENEFITS ADMINISTRATION Questions and Contact RLC Telephone Number 888-869-0194 Local Phone Number 602-627-3048 Email Address LPGC.VBAPHO@va.govLPGC.VBAPHO@va.gov Web Address http://www.benefits.va.gov/phoenix/

16. VETERANS BENEFITS ADMINISTRATION Thank You for your interest in the VA Home Loan Program and THANK YOU FOR YOUR SERVICE!