1. 3-n-1 Financing 1.Purchase 2.Remodel 3.Make Energy Efficient

2. 3-n-1 Financing Viewing Instructions: Proceed at your own pace Click on screen to advance text.

4. Qualifications Property –One to Four Residential Units. –Property contains at least a foundation slab. Buyer –Any buyer who qualifies for a FHA loan. –No First Time Buyer Requirement. Maximum Loan Amount. –$362,790 or local county maximum.

5. 3-n-1 Step by Step First, Locate Property. Contractor estimates cost to improve. Loan approved for 97% of price and improvements. FHA Consultant reviews Contractor’s bid for compliance. Appraisal is ordered.

6. 3-n-1 Step by Step All documents are submitted to underwriter for final lender approval. Loan closed and owner takes possession. Work begins –Must be completed within 6 months –If home is not habitable, up to 6 months payments can be included in the loan.

7. Expected Costs $12 Credit Report $400 Appraisal –Can vary on based on appraiser’s fee schedule. $400 - $500 FHA Consultant (included in loan) –Varies depending on number of required inspections 3% Downpayment –Can be: Cash, Gift or Downpayment Assistance. Normal Settlement costs –approximately 2 1/2 to 3 percent of loan amount.

8. Expected Timeline Week 1: Contractor prepares bid. Week 2: FHA Consultant review Week 3: Appraisal completed. Week 4: Final Underwriting approval. Week 5: Documents prepared & signed Week 6: Buyer becomes Owner..

9. Expected Result Like New Upgraded Energy Efficient Home.

10. Expect Results

11. Questions Always Answered Always Full Disclosure Professionalism Experience. Use Browser “Back” button to end show Bill Ladewig FHA Loans for 38 Years 866.204.9733 Bill@YourFhaGuru.com