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HOUSING PROGRAM

EDUCATION PAYS VII

QUICK REFERENCE Wintrust Mortgage isGUIDE proud to offer the U.S. Department of Agriculture (USDA)

Guaranteed Rural Housing Loan Program. The program is geared towards homebuyers looking to purchase and live in rural communities.

The USDA Rural Housing Program Offers: • 100% financing (no money down) plus closing cost and prepaids can be rolled into the loan (up to appraised value) • Not limited to first time homebuyers • No reserve requirements

• No prepayment penalties • Secure 30 year fixed rate mortgage with competitive rates • Seller concessions allowed for closing costs, prepaids

LENDING AUTHORITY! Call 50 meSTATE today for more information!

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank, NMLS# 449042 Š 2016 Wintrust Mortgage. 160802608TL

TABLE OF

CONTENTS WHAT-IF: Credit get in your way? While we don’t do credit repair, we can change denials into closed deals.

USDA: It is closer than you think. Zero down. It’s not for farms, it’s for clients with no down payment required.

BI’S, TRI’S & QUAD’S OH MY: No leases - No experience - Live cheaper than rent (use 75% of rent).

VA: We support our troops! NO lender fees. Always check eligibility (19% qualify for a VA loan but only 4% use it).

RENOVATION: Buy-One Step Remodel - Instant Equity.

FINANCIAL FOG: Quick guide for customers with mishaps!

3% - 97 LTV: Avoid FHA’s high mortgage insurance costs - Multiple 3% down programs available.

WINAPP: Payments on the fly! Coming soon: Getting client documents - take a picture & upload. Ask your LO

RATE PLUG: Co-branded flyers (with payments). Instant open house flyers.

MHFA: Short down payment money? Can’t go VA, can’t go USDA, ask me how.

622

619

597

589

639

625

WHAT IF YOU CAN PICK UP

AN EXTRA CLOSING? Do you have a client that just missed on credit?

Call me today so our exclusive Wintrust Mortgage simulator can take the guesswork out of it.

Did we mention that there is No Charge?

Your client may be Closer than you think!

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USDA RURAL

HOUSING PROGRAM Wintrust Mortgage is proud to offer the U.S. Department of Agriculture (USDA) Guaranteed Rural Housing Loan Program. The program is geared towards homebuyers looking to purchase and live in rural communities.

The USDA Rural Housing Program Offers: • 100% financing (no money down) plus closing cost and prepaids can be rolled into the loan (up to appraised value) • Not limited to first time homebuyers • No reserve requirements

• No prepayment penalties • Secure, fixed rate mortgage with competitive rates • Seller concessions allowed for closing costs, prepaids

FHA

MULTIFAMILY HOMES

BI’S, TRI’S AND QUADS... “OH MY”!!

• This Federal Housing Administration (FHA) program substantially increases buying power • Convert unqualified buyers into closed deals • No landlord experience required

• First time homebuyers welcome • 75% of market rent from appraisers rent schedule can be considered as income to qualify

WE SUPPORT OUR TROOPS

100% FINANCING AVAILABLE FOR VETERANS The Veterans Administration Loan Program is a program that allows you the flexibility of obtaining the best possible rates in the market at any given time, and to ensure you have the lowest monthly payment possible.

Here are some things that you can look forward to: • No money down • No monthly mortgage insurance • Up to 4% seller paid closing costs • VA direct underwrite • Credit score as low as 620 • Lending in all 50 states • Proud sponsor of Tee It Up for the Troops

RE-IMAGINE AND RENOVATE WITH THE

WINTRUST CONVENTIONAL RENOVATION LOAN Reasons to use this Fannie Mae program: • Ideal for foreclosed, short sale, or estate properties • Allows for the purchase and renovation of the property with one mortgage loan • Can be used to refinance and do an addition, update kitchens or bathrooms • Program can be used on 1-4 unit properties, townhomes and warrantable condos Highlights: • Can avoid cost of mortgage insurance with 20% down • Competitive fixed rate mortgages • Loan is based on (the lesser of) the sum of acquisition + rehab cost or after repaired value • Expert loan execution • 620 Minimum FICO score Downpayment Requirements: • Single Family 5% • Two Unit 15% • 3-4 Units 25% • Investors 15% Conforming Loan Limits: • $417,000 Single Family Residence • $533,850 for 2 Units • $645,300 for 3 Units • $801,950 for 4 Units

ALLOWABLE REPAIRS: Virtually any structural or non-structural improvement including luxury improvements like hot tubs or outdoor kitchens are allowed under the program

PURCHASE YOUR DREAMHOME

WITH AS LITTLE AS 3% DOWN Wintrust Mortgage now has 97% financing options!

• At least one buyer must be a first-time homebuyer (no ownership interest in last 3 years) • Maximum loan-to-value (LTV) 97% • Pre-purchase homebuyer counseling is not required • Reserves may be gifted

With this simple to use and FREE App, you can feel confident and informed about your options!

THE WINTRUST LOAN APP FOR APPLE® AND ANDROID™

Our Mortgage Calculator App is the perfect mortgage tool

whether you are in your car touring homes or viewing online!

The Benefits Include: • Mortgage Calculator for Conventional, FHA, VA and Rural financing.

• No guessing on Mortgage Insurance - it is calculated for you!

Wintrust Loan

• Use the Affordability Calculation Option to help determine purchase prices for you or your clients!

• Contact me via phone, text, email or visit my website all from within the App! • Easily share the App - it’s free!

MINNESOTA HOUSING FINANCE AGENCY

DOWN PAYMENT ASSISTANCE Up to $10,000 in down payment assistance available!

Do you have a client that would like to buy a home, but doesn’t have quite enough money for the down payment/closing costs?

Basic requirements: • First-time homebuyers (Start Up) or non firsttime homebuyers (Step Up) • Limit on income

• Only available in Minnesota • Have acceptable credit: 660 for FHA, 640 for conventional