Public Employee Mortgage Solutions (PEMS SM ) Loan Program

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1 1 Public Employee Mortgage Solutions (PEMS SM ) Loan Program Built On Knowledge, Commitment, and Trust Since 1988

2 Why Choose Land/Home Mortgage banker, in business since 1988 Licensed in 42 states Fannie/Freddie seller servicer In-house underwriting, doc drawing, and funding to insure a smooth loan transaction! Staffed with several on site direct endorsement underwriters. 2

3 Why Choose Land/Home Cont. On-site Appraisal Management Team that is fully compliant with the Home Valuation Code of Conduct (HVCC) Proven lender, often funding over $100 million a month in loans Competitive with interest rates and loan fees Excellent personalized customer service 3

4 What is the PEMS SM Home Loan Program Public Employee Mortgage Solutions PEMS sm offers a variety of loan options to help you purchase your home. You do not need to be a first-time homebuyer. No minimum vesting requirement. Eligible for the program on your first day of employment. You can refinance your current home. Can save you money when purchasing or refinancing your home. 4

5 Who is Eligible? All Public Employees - State, City, and County. Contact a PEMS representative to find out if you qualify In all states Land/Home is approved to conduct business. 5

6 Cost Savings Benefits CalPERS Land/Home Competitive Interest Rates X X Reduced Administration Fee X X Lock Periods: 30, 45, 60, and 90 Days* X X Personal Loan X Reduced MI for loans over 80% X X Reduced Title Fee's with Approved Affiliates X X Primary, Secondary Home, Investment X FHA No Origination Fee Available X Float Down Feature, for Purchases Only X FHLMC Relief Refinance 105% X Agency High Balance Conforming X No loan level price adjustment (LLPA) for adverse market X In-House Insurance Services X Realtor Referral Program X X 6 *Lock term varies depending on refinance or purchase.

7 Eligible Properties Up to four units Condos Manufactured Homes Primary Secondary Investment 7

8 Loan Options Conventional Loans Conforming Fixed Rate Mortgage: year Conforming Adjustable Rate Mortgage: 3, 5, 7, or 10 years Government (FHA) Loans 30 year fixed rate Fannie Mae s DU Refi 105% FHLMC Relief Refinance 105% 8

9 Allowable Third Party Fees Appraisal Costs Credit Report Title/Escrow Charges - based on the size of the loan and applicable guidelines Hazard Insurance/Property Taxes - based on the property size and location Tax Service Fee 9

10 Allowable Third Party Fees Cont. Underwriting Fee Flood Certification Fee Recording/Notary Fees Mortgage Insurance - varies depending on loan-tovalue and payment method (more than 80 percent LTV only) Any other valid third-party fee 10

11 Items needed to Apply for a Loan Residence address two year history Landlord information two year history Employer information two year history Current paycheck stubs 30 day period W-2 s two year history Tax returns two year history Bank statements 2 month history 11

12 Items needed to Apply for a Loan Account information and balances on all open credit accounts Account information on any owned Real Estate Full divorce decree (if applicable) 12

13 1355 Willow Way, Suite 250 Concord, CA Phone: Equal Housing Opportunity Lender. LHF is a Division of Land/Home Financial Services, Inc. CFL Finance Lender/Broker # NMLS# Land/Home only conducts business in states we are licensed in.