VA LOAN CONSUMER GUIDEPursue Your Homeownership Goals with Ease

Sean Biggins Loan OriginatorNMLS: 448009Office 843.258.7015Cell 843.603.4615sean.biggins@primelending.com

TAKE ADVANTAGE OFTHE BENEFITS YOU’VE EARNEDDid you know VA home loan program offered by the U.S. Department of Veterans Affairs is the only mortgage program broadly available that offers borrowers zero down payment and no monthly mortgage insurance. Plus, with ‘make-sense’ underwriting, reasonable credit and income requirements and very low interest rates, the VA loan is among the best value home loan programs on the market.

Yet, only 6% of all eligible U.S. veterans and active duty service members took advantage of this benefit over the past five years according to the U.S. Department of Veterans Affairs. Why are so few veterans choosing a VA loan? There are several reasons:

• Unaware of the VA loan program or are working with lenders not equipped to handle VA loans

• Worried the multi-step procedures will slow down the process, making it difficult to accurately predict a closing date

• Frustrated by red tape, confusing guideline and complex government process

THERE IS A BETTER WAY!

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A FIRST-CLASS PROCESS FOR OUR MILITARY HEROESAt PrimeLending, we’ve perfected the VA home loan process for military families, and since 2012, we’ve helped nearly 25,000 veterans realize their dreams of homeownership. On the following pages, we’ll walk through what you need to know about VA home loans, and how the PrimeLending approach makes it simpler and less stressful to get your loan:

• VA experts who know ins and outs of process and will manage it for you

• Predictable, transparent and timely process you can rely on

• Flexible loan options for your situation

• Competitive rates and savings possibly in the thousands

SAVE MORE WITH OUR VA NO LENDER FEE LOAN1

For a limited time, we’re waiving our lender fees on VA loans! This could save you an additional $1,000 by eliminating the costs associated with underwriting, closing,

document preparation and processing.

DO YOU QUALIFY FOR A VA HOME LOAN?You may be eligible for a VA home loan if you and/or your spouse served or are serving in the Army, Navy, Air Force, Marines, Coast Guard or National Guard and meet one or more of the following requirements:

Have a valid Certificate of Eligibility

Active service duty for 90 consecutive days of combat

Active service duty for 181 days of peace

Served 6 or more years in the National Guard or Selected Reserve

Are a spouse of a veteran who died while in service or from a service-connected disability

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OUR VA LOAN OFFERS THE FINEST BENEFITS WORTHY OF OUR HEROESOur VA home loan program has all the amazing benefits you deserve, without any of the hassles you’ve come to expect from government programs. Our VA experts will help you understand your options, navigate the VA loan system and find a solution that lets you put more money into your home.

NO DOWN PAYMENTYou won’t have to stress over how much money to put back every month or sacrifice your quality of life to save for the down payment. When you qualify for a VA loan, you won’t have to put a cent down. To put into context, many conventional mortgages require up to 20% down payment.

NO PMIPMI, or private mortgage insurance, is protection for the lender if a loan defaults. For conventional loans, PMI can be charged monthly to a borrower unless they put 20% or more down on a loan. That can add up to hundreds of dollars every month. With our VA loans, you don’t have to worry about paying PMI each month, which may save you thousands per year.

EASIER CREDIT REQUIREMENTSYou know the drill: the lower the credit score, the higher the interest rate for most programs. For military members, qualifications are less rigid, meaning your credit score doesn’t have to be perfect to qualify for a lower rate.

BUY A SECOND HOME Even if you’ve already taken advantage of your VA loan benefit, we may still be able to help you get your VA home loan eligibility restored. If you qualify for a one-time restoration of benefits, we can help you apply for a new VA mortgage.

VA BACKINGAll VA loans are backed by the government. Many of the risks and costs associated with conventional loans aren’t on your shoulders with a VA home loan. As veterans, you’re offered exclusive benefits, competitive loan options and quality rates that you deserve, while keeping your money where it belongs: in your account.

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30-YEAR FIXEDStability and predictability. That’s what you’re looking for in a monthly payment, and that’s exactly what you’re getting with a 30-year fixed-rate mortgage. It ’s a great option if you’re planning to settle down in one house for an extended period of time.

15-YEAR FIXEDIf you’re interested in building more equity in your home, having a lower interest rate and paying off your mortgage sooner, a 15-year fixed-rate mortgage may be the route for you. You’ll pay more monthly, but your equity will also build quicker.

ARM OR ADJUSTABLEFlexibility is often key to active duty military, and an adjustable rate mortgage provides just that. ARM homeowners that are expecting to move within the next few years pay lower interest rates during the first few years and typically decide to move or refinance before it adjusts higher.

JUMBOVA jumbo loans can be used on homes up to $1.5 million and require a down payment that is much lower than the traditional 10% on conventional jumbo loans.

IRRRL REFINANCEAn Interest Rate Reduction Refinance Loan (IRRRL) can help you improve your financial situation by lowering your monthly payment, changing the term or turn an adjustable-rate mortgage into a fixed-rate mortgage. With this kind of loan, there are no out-of-pocket expenses, appraisal or credit underwriting, and no income or asset verification.

VA RENOVATION LOANA VA renovation loan from PrimeLending offers the same benefits as a traditional VA loan, but with additional options to help fund repairs or upgrades to a fixer upper. A renovation loan allows you to roll home improvement costs into one loan and one monthly payment.

VA LOAN OPTION FOR YOUR SITUATIONWe can guide you through the process and help you make the best decision.

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VA LOAN PLANNING AND ORIENTATION PROCESS

From the moment we open conversation to the time of closing on your house, we strive to make the home buying process as simple as possible. In our first meeting, we’ll discuss and explore:

• Your financial goals and budget

• Your ideal monthly payment and matching that to a purchase price

• Your VA loan options and benefits in detail

• What to expect during the home-buying process

GETTING PREQUALIFIED2Getting prequalified is a quick, no-cost way to get an idea of the size loan you can qualify for. That way, you can house hunt within your price range. To get prequalified, you will need to provide some documentation, including:

• Past 2 years’ income taxes and W2s

• Most recent paystub or Leave and Earnings Statement (LES)

• Past 2 months’ bank statements

• Certificate of Release or Discharge from Active Duty (DD Form 214), if applicable

• Award letters from any retirement, Social Security or disability income

• Certificate of Eligibility – This document verifies your time in the service. We can help you request it from the VA portal.

SHOPPING FOR A HOMEWhile you’re looking for a home, we’ll be by your side to:

• Work with your real estate agent to help you structure attractive offers

• Provide a custom estimate for every property you want to make an offer on

• Ensure you are not charged any origination, processing or underwriting fees

• Call the listing agent to help them understand how well-qualified you are, and explain how easy it will be to close if your offer is accepted

MISSION ACCOMPLISHEDGreat news! You’re going to be a homeowner soon.

• We’ll meet to review loan disclosures and the steps to loan closing

• We’ll give you a detailed estimate of closing costs and your monthly payment

• We’ll lock in at the lowest possible rate according to the terms you have selected

• The VA appraisal is ordered, the loan is submitted for full approval, conditions are satisfied, and we send loan documents to escrow for signing

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“Sean helped take a drawn-out, complicated process and turn it into a simple, ‘sign here’ situation.”Ryan B

“Moving to a new state is always scary but Sean put all our fears at ease. He always was there to answer our questions and made buying a really good experience.”Brenda C

“Sean cares about what he does and his customers! I would highly recommend Sean Biggins to anyone for their lending needs!Marc S

IT’S GO TIMEWhen it comes to helping you get the right home loan, I can help get you reach your goal. I’m a 30-year industry veteran with clients in 23 states. Here are some recent comments from my customers:

T hank you for serving our country. I look forward t o serving you.GET IN TOUCH WITH ME TODAY AND TOGETHER WE CAN EXPLORE YOUR OPTIONS.

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1All lender closing costs such as origination, processing, underwriting, and closing will be waived, borrower is still responsible for third party fees such as VA funding fee, title, and appraisal etc. Down payment waiver is based on VA eligibility. This offer is valid 2/1/2017 - 6/30/18. Savings only applies to direct originations made by PrimeLending for first mortgage purchase or refinance transactions, and is not available on loans obtained through mortgage brokers. Only one offer per loan transaction is available, and savings cannot be combined with any other offer. Savings will reflect on Closing Disclosure at closing. Borrower must lock their loan before 6/30/18. 2A prequalification is not an approval of credit, and does not signify that underwriting requirements have been met.All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company (NMLS: 13649). Equal Housing Lender. PrimeLending is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in SC. V010918

Sean Biggins Loan OriginatorNMLS: 448009Office 843.258.7015Cell 843.603.4615sean.biggins@primelending.com

23-B Shelter Cove Lane, Ste 101Hilton Head, SC 29928

WHEN YOU’VE FOUND YOUR HOME, CONTACT ME FOR YOUR FINANCING NEEDS

Sean Biggins Loan OriginatorNMLS: 448009Office 843.258.7015Cell 843.603.4615sean.biggins@primelending.com

23-B Shelter Cove Lane, Suite 101Hilton Head, SC 29928

HOUSE HUNTING CHECKLIST Use this form to check features and document your needs on each home to help you compare later.

My Wishlist AddressMinimum # of Bedrooms: House 1:

Minimum Bathrooms: House 2:

Minimum Sq. Footage: House 3:

Area House 1 House 2 House 3Location � � �

Views � � �

Quiet Street � � �

Cul-de-Sac � � �

Strong Schools � � �

Walking Neighborhoods � � �

Downtown � � �

Structural House 1 House 2 House 3Garage (# doors) � � �

Single-Story � � �

Multi-Story � � �

Basement � � �

Major Systems House 1 House 2 House 3Energy-Efficient � � �

Central AC � � �

Fireplace � � �

Electrical � � �

Plumbing � � �

Appliances � � �

Exterior House 1 House 2 House 3Deck/Porch/Sunroom � � �

Patio � � �

Pool/Hot Tub � � �

Fenced-In Yard � � �

Shed � � �

Gardens/Landscaping � � �

Interior House 1 House 2 House 3Kitchen � � �

Open Concept � � �

Hardwood Floors � � �

Laundry Room � � �

Finished Basement � � �

Carpet � � �

Bathrooms � � �

Closets � � �

Other House 1 House 2 House 31 � � �

2 � � �

3 � � �

Additional Notes:

All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company (NMLS: 13649). Equal Housing Lender. PrimeLending is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in SC. V010918

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