1. Joan Fitzgerald Mortgage Consultant Joan Fitzgerald Mortgage Consultant 2012 Governor’s Conference on Housing Homeownership Trends and Outlook Homeownership Trends and Outlook

2. Types of Mortgages Conventional  No income limit with 3% down or more FHA  No income limit USDA  Income limits for 1- 4 person household: New Castle County - $93,450 Kent County - $78,200 Sussex County - $78,200 VA  No income limit

3. Today’s Challenges Qualifying for Credit Short Sales/Foreclosures

4. Mortgage Revenue Bond Welcome Home Loans 3.00% FHA-VA-USDA 3.25% FHA-VA-USDA when using the SMAL or ROC 3.25% Conventional 3.50% Conventional when using the SMAL or ROC

5. Mortgage Revenue Bond Home Again Loan 3.25% FHA-VA-USDA 3.50% FHA-VA-USDA when using the SMAL or ROC 3.50% Conventional 4.125% Conventional when using the SMAL or ROC

6. Mortgage Revenue Bond Loans for Heroes 2.50% FHA-VA-USDA 2.75% FHA-VA-USDA when using the SMAL or ROC 2.75% Conventional 3.00% Conventional when using the SMAL or ROC

7. Second Mortgage Assistance Loan (SMAL) This zero interest loan provides down payment and closing cost assistance up to $10,000

8. Rebuilding Our Community (ROC) Forgivable zero interest second mortgage loans  Amount of $25,000 for down payment and closing costs assistance  For the purchase of foreclosed, abandoned (90 days) single-family housing in qualified census tracts.  Forgiveness period of 10 years.

9. New Castle County City of Dover City of Newark City of Wilmington Community Seconds Check with a Housing Counselor for availability

10. Joan Fitzgerald Mortgage Consultant 88 Lantana Drive Hockessin, DE 19707 Office: 302-235-6405 Email: joan.fitzgerald@prufoxroach.com Web: joanfitzgerald.tridentmortgage.com NMLS ID: 137244