This document summarizes a presentation about a rural housing program with no down payment, mortgage insurance, or reserve requirements and flexible loan terms. It outlines the program overview with 15 points about eligibility. It then discusses property qualification areas in Atlantic County and borrower qualification income limits. The agenda closes with contact information for questions.

1. Superior Rural Housing Presented by: Brian McCarty Senior Loan Officer

2. Agenda 1 - Overview of Program 2 - Property Qualification 3 - Borrower Qualification 4 - Wrap up & Questions

3. Program Overview

4. 1 - No Down Payment Required 2 - No Monthly Mortgage Insurance 3 - No Reserve Requirement 4 - No Stated Maximum Loan Amount 5 - Loan Up to 102% of Appraisal

5. 6 – No First Time Buyer Requirement 7 – New and Existing Homes OK 8 – 30 Year Fixed Rate Loan 9 – No Prepayment Penalty 10 – Seller Contributions to 6%

6. 11 – No Limitation on Source of Funds 12 – 100% of Money Can Be Gifted 13 – Loan Amount Can Include Closing Costs 14 – Not FICO Score Driven 15 – FICO > 620 Do Not Need to Explain Derogatory Credit

7. Property Qualification

8. Rural Housing

9. Atlantic County Eligible Areas All of: Borough of Buena Buena Vista Twp. Corbin City Egg Harbor City Egg Harbor Township Estelle Manor Folsom Borough Cont’d

10. Atlantic County Eligible Areas All of: Galloway Township Hamilton Township Mullica Township Port Republic City Weymouth Township

11. Borrower Qualification

12. Income Limits

13. Rural Housing

14. Wrap – Up

15. Questions

16. Brian McCarty Senior Loan Officer 609-294-4312 Office 609-294-4642 Fax 609-618-9939 Cell [email_address] www.brianmccartysmc.com My Blog