1. FHA — An Overview
Rev. 11/1/11
1.
For internal use only.

2. About FHA
The government-backed Federal Housing Administration
(FHA) provides mortgage insurance on loans made by
FHA-approved lenders.
W.J. Bradley is experienced at navigating the requirements for
FHA loans.
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For internal use only.

3. Sell More Homes
FHA loans can help first-time and low-income borrowers
get into the home they desire and deserve.
• Low down payment requirements
• Less cash out of pocket required
• May have lower FICO score requirements
Because it’s easier for borrowers to qualify for an FHA
mortgage, you can sell more homes.
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For internal use only.

4. FHA Advantages
FHA loans have many advantages over other types
of loans:
• Forgiving of past credit issues.
• Purchase and rehab the house with only one loan using the
FHA 203(k) program.
• Condos and manufactured homes may qualify.
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For internal use only.

5. Homebuyer Options
More buyer options + More ways to qualify =
More home sales!
• Gift funds or bond programs for down payment and
closing cost assistance are allowed.
• Fixed and ARM loans available.
I can help qualify your clients for an FHA loan!
5.
For internal use only.

6. 90-Day Flip Waiver
The 90-Day ownership requirement has been waived.
Prospective buyers can use an FHA loan to purchase HUD-
owned, bank-owned and privately owned homes that
have been in the seller’s possession for less than 90
days!*
FHA implemented this relaxation of requirements hoping
that it would speed resales of homes, helping to stabilize
real estate prices and communities where there have
been large numbers of foreclosures.
* Some restrictions apply.
6.
For internal use only.

7. 90-Day Flip Waiver — Continued
How does this benefit real estate agents?
• Makes more properties eligible for FHA-insured mortgages.
• Expands the number of properties available to homebuyers.
• Allows more people to become homeowners.
Increase sales in the neighborhoods you serve!
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For internal use only.

8. FHA Mortgage Insurance
Mortgage insurance premium (MIP)
• Upfront premium is 1% of the loan amount.
• Annual mortgage insurance premiums are:
< = 15 Year
Amortization
LTV > 90% 0.50%
LTV < or = 90% 0.25%
> 15 Year Amortization
LTV > 95% 1.15%
LTV < or = 95% 1.10%
8.
For internal use only.

9. WJB: A High-Performing Lender
• WJB has an enhanced level of insuring authority from
U.S. Department of Housing and Urban Development
(HUD).
• HUD considers WJB a high-performing lender, allowing
WJB to participate in the Lender Insurance Program (LI).
The LI program makes processing FHA loans easier and
more cost-efficient for lenders.
• Benefit to your clients: Better pricing on FHA loans and
faster loan review times!
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For internal use only.

10. Choose WJB for FHA Loans
WJB:
• Makes the loan process less intimidating and more
transparent for homebuyers.
• Quickly moves each loan through approvals, processing
and underwriting so closing is on time and stress-free.
• Has some of the fastest turn times in the industry.
• Provides partner marketing to help you grow your
business.
• Is an expert at navigating the requirements for FHA and
other government-backed loans.
10.
For internal use only.

11. WJB…A Name You Can Trust
W.J. Bradley Mortgage Capital Corp.:
• Privately held independent mortgage lender founded in
2003.
• Committed to helping consumers obtain real estate
financing targeted to their unique financial needs.
• Backed by private investors = solid financial foundation.
WJB is an FHA loan expert!
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For internal use only.

12. Thank You
Let's work together to turn more home
shoppers into home buyers!
12.
For internal use only.