PRESENTATION OUTLINE

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PRESENTATION OUTLINE

• Nehemiah Corporation of America
• The Nehemiah Program
• Overview Highlights
• Homebuyer Requirements
• Property Types
• How It Works
• Advantages of Homeownership
• Homebuyer Frequently Asked Questions (FAQs)
• Get Started TODAY for Homebuyers
• Preparing for Your Mortgage Pre-Approval
• Recommendations for the Homebuyer

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NEHEMIAH CORPORATION OF AMERICA

• Established in 1994
• Nonprofit 501(c)(3) community development
  corporation
• Nationwide affordable housing programs
• The Nehemiah Program
• National launch in 1997
• Provides downpayment assistance
• Other charitable organizations include
• Nehemiah Community Reinvestment Fund, Inc. (NCRF)
• Nehemiah Community Foundation, Inc. (NCF)
• Nehemiah Urban Ministry Initiatives (NUMI)
• Devoted to assisting individuals and families
  gain access to safe and affordable housing

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THE NEHEMIAH PROGRAM HISTORY

• Flagship program
• Created the downpayment assistance industry
• Nations largest and most trusted downpayment
  assistance program
• Over 250,000 individuals and families have become
  homeowners using The Nehemiah Program
• 1 billion provided in gift funds
• 60 million generated in charitable and community
  reinvestment activities nationwide

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THE NEHEMIAH PROGRAM OVERVIEW

• Exists for one simple purpose
• Helping People Become Homeowners
• FREE gift funds up to 6 of the contract sales
  price
• Downpayment
• Closing costs

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THE NEHEMIAH PROGRAM HIGHLIGHTS

• No repayment of the gift funds
• First time and repeat homebuyers
• New or resale homes
• No geographical restrictions
• HUD approved

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HOMEBUYER REQUIREMENTS

• Homebuyer must utilize a loan product which
• Accepts a gift for downpayment from a nonprofit
  charitable organization
• Example FHA insured loans
• Homebuyer must purchase a home from a
  builder/seller who has made their home eligible
  for purchase by a buyer receiving Nehemiah gift
  funds

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PROPERTY TYPES

• Property types include owner-occupied
• New or resale home
• Condominium
• Duplex, triplex or fourplex
• Townhome
• Property type must qualify with the loan that the
  homebuyer is using

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THE NEHEMIAH PROGRAM HOW IT WORKS

• The Nehemiah Program provides gift funds to
  homebuyers who purchase participating homes using
  an eligible loan product
• Gift funds are requested by mortgage lenders on
  behalf of qualified homebuyers
• Nehemiah wires the gift funds prior to closing
• After the close of sale, the seller contributes
  an amount equal to the homebuyer's gift amount
• A small processing fee can be paid by either the
  seller, buyer or lender
• Contributions and fees are reinvested for future
  downpayment gift funds and community development
  programs across the country

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ADVANTAGES OF HOMEOWNERSHIP

• Fixed-rate mortgage vs. variable rent
• Pride of homeownership
• Increase property value with home improvements
• Move-up potential
• Keep up with inflation
• Community involvement

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ADVANTAGES OF HOMEOWNERSHIP

• Build wealth through homeownership
• Equity
• Appreciation
• Tax deductions
• Mortgage interest
• Property taxes
• Closing costs
• Discount points
• Origination fees
• New mortgage (in some states)
• Check with your lender or tax adviser on these
  items

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HOMEBUYER FAQS

• Q. Do I have to pay the money back?
• No. The Nehemiah Program gifts downpayment and
  closing costs to homebuyer(s). There is no
  repayment of the gift funds.
• Q. Do I have to purchase a home in a certain
  area?
• A. No. There are no geographical restrictions.
  You may purchase a Participating Property in any
  area.

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HOMEBUYER FAQS

• Q. Can I purchase a new home?
• Yes. Both new construction and resale homes are
  eligible. In fact, Nehemiah partners with many
  homebuilders across the nation. To view
  Participating Properties, find a new home
  community near you or contact a local real estate
  professional knowledgeable about The Nehemiah
  Program, visit www.getdownpayment.com.
• Q. Do I have to be a first time homebuyer to use
  The Nehemiah Program?
• A. No. Both first time and repeat homebuyers are
  eligible to use The Nehemiah Program.

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HOMEBUYER FAQS

• Q. Is this a low-income program?
• No. There are no income limits or asset
  restrictions. No matter what your income, if
  youre using a loan product that allows gift
  funds from a nonprofit organization to purchase a
  home, your lender can request up to 6 of the
  contract sales price for downpayment and closing
  costs on your behalf.
• Q. What is a Nehemiah Participating Home?
• A. Any residential property that the seller has
  made or will make eligible for purchase by a
  buyer receiving Nehemiah gift funds. The seller
  agrees to sell their home using The Nehemiah
  Program by signing the Participating Home
  Agreement.

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HOMEBUYER FAQS

• Q. Will using downpayment assistance delay when
  I can move into my house?
• A. No. Gift funds work in conjunction with an
  existing loan product (such as an FHA loan) so
  the process and underwriting are the same. There
  is no reason for this process to be extended. In
  fact, the paperless Online Processing System
  (OPS) allows Nehemiah to process a gift funds
  request on the same day it is received.
  Nehemiah wires the gift amount requested by the
  lender on behalf of the buyer at least 24 hours
  prior to closing.

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HOMEBUYER FAQS

• Q. Can I negotiate the sales price before
  telling the seller that I want to use
  downpayment assistance?
• A. Typically a homebuyer using downpayment
  assistance will purchase a home at market value
  without further negotiations or price
  reductions. This allows the seller to make a
  contributions back to Nehemiah after the close
  of sale and still maintain their desired net
  bottom line.

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HOMEBUYER FAQS

• Q. Doesn't the seller basically pay the buyer's
  downpayment?
• A. No. Under mortgage guidelines, it is
  inappropriate for a seller to contribute money
  towards a downpayment in order for a homebuyer
  to purchase the seller's property. Nehemiah
  wires the money requested on behalf of a
  homebuyer from its pre-existing pool of funds
  and forwards it to the closing/title company.
  Only after the close of sale does Nehemiah
  collect the sellers contribution and a small
  processing fee.

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GET STARTED TODAY!

• Homebuyers
• Work with the industry professional(s) who are
  involved in this homebuyer educational event.
  They are already familiar with The Nehemiah
  Program and have a genuine desire to help you
  become a homeowner.
• Call Nehemiah Customer Service at 877-634-3642.
  Helpful representatives can answer any questions
  you may have and provide you with referrals to
  real estate professionals, builders and mortgage
  lenders in your area.

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GET STARTED TODAY!

• Homebuyers
• Get pre-approved for a home loan. This step lets
  you know how much house you can afford.
• Find Your Dream Home! Use a Designated Nehemiah
  Specialist or New Home Builder Partner to find
  your dream home.
• For more information, visit www.getdownpayment.com

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PREPARING FOR YOU MORTGAGE PRE-APPROVAL

• In preparation for your pre-approval, have the
  following information (where applicable) on hand
  when talking to your lender
• Last 2 years W-2s and tax returns
• Recent paycheck stubs (30 days)
• Last 3 months bank, stock and asset statements
• Last 12 cancelled rent or mortgage payment
  checks
• Picture I.D.

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PREPARING FOR YOU MORTGAGE PRE-APPROVAL

• Self-Employed
• Last 2 years of completed personal and business
  tax forms
• Year-to-date profit loss and financial
  statements
• Veterans
• Certificate of Eligibility
• DD214 (if certificate is not available)

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RECOMMENDATIONS FOR HOMEBUYERS

• Free Nehemiah Online Homeownership Education
  Course
• English language http//www.getdownpayment.com/bu
  yers/hec.asp
• Spanish language http//www.pagoinicialgratis.com
  /buyers/hec.asp?tab1
• Home Inspections
• Impartial evaluations that provide homebuyers
  with information about the propertys overall
  condition

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RECOMMENDATIONS FOR HOMEBUYERS

• Free Nehemiah Online Post-Homeownership Education
  Course
• English language http//www.getdownpayment.com/bu
  yers/posthec.asp?tab1
• Spanish language http//www.pagoinicialgratis.com
  /buyers/posthec.asp?tab1
• The New Homeowners Handbook. What To Do After
  You Move In, written by Nehemiah Corporation with
  Barbara B. Buchholz and Margaret Crane
• Comprehensive look at what new homeowners can
  expect
• Available online at www.amazon.com