1. HELP FOR HOMEOWNERS Program Sponsor: BMC Ministries & Outreach Inc. dba USA HELP EIN is 26-3857293. 10/22/2015 1

2. HELP FOR HOMEOWNERS Borrower does not need to be a 1st time homebuyer Used with an FHA 1 st TD, the rate on the HELP PRODUCT differs depending on whether you choose “lender paid” or “borrower paid”. Borrower Paid or Lender Paid Rate: See daily rate sheet Essex charges an Underwriting Fee of $995 (include in Section A of the LE) Maximum loan is $417,000 +MIP. NOTE: The 3% grant is based on the total loan amount, including MIP, not on appraised value or sales price. Can be combined with a CalHFA MCC to reduce ratios. (CA only) MCC requires 1 st time homebuyer ; HELP PRODUCT does not. MCC has it’s own sales price and income limits. Please compare both if using MCC. MCC, if using, charges a $5o0 fee (include in Section B of LE) 10/22/2015 2

3. 3% can be used for down payment, closing costs, processing fee, origination fee The Grant is forgiven; no repayment required ½% down can be gift or borrower’s funds. Borrower Paid Origination Only – 1 ½% & $745 processing fee max. (Section A of LE) Lender Paid allowed as well – max compensation No 3 rd party processing fees allowed SFR’s, PUD’s, and FHA approved condos; no units Flips over 90 days okay; no 203k’s Maximum Loan: $417,000 base, plus UFMIP FICO + RATIOS: 640-679 Max DTI 50% + DU approval 680+ Max DTI 56.99 + DU approval Owner Occupied Non occupant co-signers allowed (co signers income not considered in limitations Non occupant co borrowers not allowed. 140% of Medium Income Limitations; Income calculated per HUD - not by family size Customary and reasonable closing cost fees allowed Manual lock at locks@essexmortgage.com (must be in Ready for Docs Status)locks@essexmortgage.com Rates posted on page 8 of rate sheet (3030HELP) * 1-year home buyers warranty is required including stove, oven and refrigerator. * Home Inspection is required (i.e. evidence of payment on HUD I) *Quote fees in BOX C of LE and list service provider on SSPL 10/22/2015 3 More on HELP

4. CALIFORNIA INCOME LIMITS for HELP USE 140% 10/22/2015 4

5. CALIFORNIA INCOME LIMITS for HELP USE 140% 10/22/2015 5

6. CALIFORNIA INCOME LIMITS USE 140% 10/22/2015 6

7. NEVADA INCOME LIMITS for HELP – USE 140% 10/22/2015 7

8. IMPORTANT! – How to enter Grant in DO HELPis NOT a lender credit nor an “other asset”. There are 2 places on the 1003 which the grant funds need to be entered correctly in order for the DU to run properly. The below are screen prints of how to enter in DO/DU. We want your approval to be accurate. AVOID incorrect approvals – due to incorrect input. These are screen prints from POINT. Important factors : Borrowers with good credit and low ratios have better chance of approval. How to enter on Page 1 of the 1003 under source of down payment:  List as FHA Gift Source Nonprofit/Religious/Community-Non-Seller Funder How to enter on Page 2 of the 1003 under the asset screen:  Gift 10/22/2015 8

9. How to enter Grant if using Encompass 10/22/2015 9

10. Can I have an MCC Tax Credit with the HELP Product? Yes! CA only. 10/22/2015 10

11. Combine your HELP FOR HOMEOWNERS with an MCC Credit – however remember MCC requires you to be a 1 st time h/b; HELP does not. An MCC Credit can help you reduce your ratios. (CA only) When using a MCC Credit, use the CalHFA income/sales limits, whichever is lower. $500 fee (Section B of LE) 10/22/2015 11

12. FOR INCOME AND SALES PRICE LIMITATIONS FOR THE MCC PRODUCT, GO TO WWW.ESSEXWHOLESALE.COM SEE PRODUCTS “MCC” CALHFA Using an MCC? 10/22/2015 12