This document provides information about FHA Title 1 Home Improvement Loans offered through Admirals Bank. It offers secured loans up to $25,000 and unsecured loans up to $7,500, both with fixed interest rates depending on credit score and term. It requires a minimum credit score of 650, debt-to-income ratio below 45%, and loan funds can only be used for home improvements, not debt consolidation. The process involves applying over the phone or online and being pre-approved within minutes, with funds received within 11-12 days.

1. FHA HOME IMPROVEMENT
LENDING
Financing Solutions by Admirals Bank

2. PROGRAM OVERVIEW
FHA Title 1 Home Improvement Loan
• No equity required to qualify
• Free to offer to your customers
Loan Amounts
• Up to $25,000 secured with fixed rates from 6.95%-11.95%
• Up to $7,500 unsecured with fixed rates from 7.95%-13.95%
Time Frame
• Customer gets pre-approved within minutes
• Customer receives the funds within 11-12 days of original inquiry

3. LOAN DETAILS
Requires a credit mid-score of 650 or higher
Debt-to-Income Ratio of 45% or under
Available Terms: 5, 7, 10, 15 and 20 years
No Pre-Payment Penalties
Tax Deductible Interest (Secured Loans Only)
Funds are disbursed before work begins
Funds are only for Home Improvements (No Debt Consolidation)

4. FHA Title-1 Home Improvement Loans
- Secured Rate Matrix
**Maximum Loan $25,000.00**
TERM Qualifying FICO Score
725+ 700-724 660-699 650-659
60 Months 6.95% 7.95% 8.95% 9.95%
84 Months 6.95% 7.95% 8.95% 9.95%
120 Months 6.95% 8.95% 9.95% 10.95%
180 Months 7.95% 8.95% 9.95% 11.95%
240 Months 7.95% 8.95% 9.95% 11.95%
Qualifications
• Individual Applicants: Middle credit score of 650 or higher
• Joint Applicants: Primary Borrower middle credit score of 650 or higher
• Debt –to-Income Ratio of 45% or lower (adjusted gross back-end)
• Bankruptcies Discharged 2 years or more
Documents Needed for Approval
• Signed and dated Information Disclosure Authorization (I.D.A.)
• Past 2 years of W-2’s (each borrower)
• Most recent pay stub (each borrower)
• Recent mortgage statement
• Signed letter of explanation for any derogatory credit
• Proof of any open collections paid (if applicable)
• Estimates describing work to be done and dollar amount required
*All decisions including rates and approvals are at the sole discretion of Admirals Bank. Rates are
subject to change without notice.
***Effective: October 28, 2011

5. FHA Title-1 Home Improvement Loans
- Unsecured Rate Matrix
**Maximum Loan $7,500.00**
TERM Qualifying FICO Score
725+ 700-724 660-699 650-659
60 Months 7.95% 9.95% 11.95% 12.95%
84 Months 8.95% 10.95% 11.95% 12.95%
120 Months 8.95% 11.95% 11.95% 13.95%
Qualifications
• Individual Applicants: Middle credit score of 650 or higher
• Joint Applicants: Primary Borrower middle credit score of 650 or higher
• Debt –to-Income Ratio of 45% or lower (adjusted gross back-end)
• Bankruptcies Discharged 2 years or more
Documents Needed for Approval
• Signed and dated Information Disclosure Authorization (I.D.A.)
• Past 2 years of W-2’s (each borrower)
• Most recent pay stub (each borrower)
• Recent mortgage statement
• Signed letter of explanation for any derogatory credit
• Proof of any open collections paid (if applicable)
• Estimates describing work to be done and dollar amount required
*All decisions including rates and approvals are at the sole discretion of Admirals Bank. Rates are
subject to change without notice.
***Effective: October 28, 2011

6. THE PROCESS
Offer the homeowner the financing option
Apply over the phone or online while you’re at Complete an application and fax or email it to
the customer’s house your Account Executive
Homeowner approval
Borrower(s) provide proof of employment and
Customer is pre-qualified within minutes
income for an official approval
Homeowner receives the Funds
Customer can receive the funds in 11-12 Customer chooses (2) checks, (1) check or wire
business days transfer

8. TIME TO GROW
You Sell More Customer gets Everyone
Jobs the work done Benefits

9. GETTING YOU SIGNED UP
Fill out two forms and provide proof of
proper licensing and liability insurance
Get approved to offer financing to your
customers
Start offering a financing option, stop losing
jobs due to lack of funds and grow your
business

10. Admirals Bank Contractor Referral Program Survey
To enroll in the Admirals Bank Contractor Referral Program, please take a few minutes to complete the short survey below. In
addition we will need a copy of your Contractor’s license (if your state requires one; if not, please provide a copy of your business
license) and certificate of liability insurance. If you have any questions regarding this survey or the Admirals Bank Contractor
Referral Program, please call us at 1-800-715-8472.
Contact Name ______________________________________________________________________________________
Company Name ___________________________________________ Date _______________________________
Street Address ______________________________________________________________________________________
City / State ___________________________________________ Zip _________________________________
Phone ___________________________________________ Fax ________________________________
E-mail Address ______________________________________________________________________________________
For IMMEDIATE response, please provide your email address
What type of home improvements do you offer? _________________________________________________________________
How long have you been in business? _________________________________________________________________
How many labor crews do you employ? _________________________________________________________________
How many jobs do you average per month? _________________________________________________________________
What is your average cash price per job? _________________________________________________________________
Do you offer free estimates? (please circle)
YES NO
How many sales representatives do you have? _________________________________________________________________
What type of financing do you offer? (please circle)
IN-HOUSE OUT-SOURCED NONE
Sales/Finance Manager ______________________________________________________________________________________
FAX YOUR COMPLETED CONTRACTOR SURVEY & COMPANY PROFILE TO
Attn: Brian Silver 888-622-2573

11. Contractor Referral Company Profile
Company Name: ____________________________________________________________________________________
Street Address: _____________________________________________________________________________________
City, State, Zip: _____________________________________________________________________________________
Name of Company Principals:
1. ________________________________________________________________________________________
2. ________________________________________________________________________________________
3. ________________________________________________________________________________________
4. ________________________________________________________________________________________
Company Phone Numbers:
1. ________________________________________________________________________________________
2. ________________________________________________________________________________________
3. ________________________________________________________________________________________
Company Fax Numbers:
1. ________________________________________________________________________________________
2. ________________________________________________________________________________________
3. ________________________________________________________________________________________
Company Email and Web Address:
___________________________________________________________________________________________
___________________________________________________________________________________________
Name of Primary Company contact(s):
___________________________________________________________________________________________
___________________________________________________________________________________________
*NOTE: If you would like to opt-out of receiving fax or email communications from the Admirals Bank
Contractor Assistance Team, please specify “NO CONTACT” next to your fax number and/or email address.

12. CONTACT INFORMATION
Richard Brooks
Admirals Bank
15 Park Row West
Providence, RI 02903
Tel 800-572-7844 Ext.7355 | Dir. 401-248-7355
Fax 888-622-2573
NMLS : 5087
rbrooks@admiralsbank.com