Lease-to-Own Home Financing

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1 An Overview of Lease-to-Own Home Financing NAHLFA Conference 2017

2 Welcome! trio bridges the gap between renting and owning, offering a new path to homeownership.

3 S O W HW AH T AIT S I TS RT I RO I O : provides greater access to homeownership trio s solution closes the home financing gap by offering a more accessible way to buy a home trio is homeownership financing using a lease with an option to purchase that is coupled with an assumable FHA insured mortgage locking in both today s interest rate for 30 years and home price for up to 5 years. trio s is a safe, stable, and flexible solution that puts you in control of your home financing Serving families since 2001 Simply put, there is no other home financing program like it.

4 There s renting, there s owning, now there s trio. T E S T I M O N I A L : trio is for real people - no gimmicks, no hidden agendas. I want to do anything I can to ease someone's mind about using trio since it's a new concept for people. I tell my friends and family it's one of the best decisions I ever made. - Trisha P

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6 W H A T I S T R I O Our program is similar to the proven model used for years in the car leasing industry. Traditional Car Lease trio s Lease to Own Program Choose your term, from 1-5 years Have greater flexibility in who finances your car Have fixed monthly payments Know the pre-set purchase option price Have the option not the obligation to buy at the end of your term You select the home No down payment required Low up-front costs Fixed, below-market option price Buy at any time Includes an assumable FHA mortgage Exchange, extend, or move on

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12 How trio works

13 H O W T R I O W O R K S : How to qualify! Credit score: Housing History: Household Income: months + / month Savings Maximum Debt-to-income Maximum Rent-to-income:

14 H O W T R I O W O R K S : trio homes: What kind of homes qualify for trio s financing? trio finances single family, condominiums, and townhomes A trio -qualified home must have been built or substantially remodeled within the last 10 years All homes except new construction must be inspected by a certified inspector Home must be valued greater than or equal to the purchase price We can finance up to 105% of the FHA loan limit Offers should include closing concessions of 3% or greater

15 T H E I H F C & H A s Supporting the national scale of Member agency cooperative, solely represented by government housing agencies. IHFC is an instrumentality of government, established to lessen the burden of government. Provides access to FHA assumable mortgages and is a platform to help shape national policy. Fee opportunities for member agencies. Complete turn-key operations provided by. Title of homes financed in your state will be in the name of a IHFC subsidiary holding company to be named: IHFC Yourstate, LLC Confidential and Proprietary. Not for public distribution. Do not copy.

16 T H E I H F C & H A s partners with housing agencies to increase affordability HA participation: Through IHFC Cooperative Borrower for FHA mortgages Receives fees & participation Government Housing Agency Participate with trio through the IHFC Cooperative. Program Agreement / IHFC Membership trio lease agreements: Right to purchase & assume FHA mortgage Trio Financed Homes trio s role and participation: Funds capital requirements Funds reserves for FHA mortgages Participates in property returns Manages properties IHFC Enables Assumable FHA Mortgages

17 T H E I H F C & H A s : Membership in the IHFC IHFC membership fees are $15,000 for Class A members and $10,000 for Class B members. Class A members have active participation in IHFC administrative affairs, while Class B members have a passive interest. CALAHA is represented by 20 other government formed Housing Agencies located throughout the State of California. Join Now! Confidential and Proprietary. Not for public distribution. Do not copy.

18 W H A T D R I V E S U S : We believe in greater access to homeownership and self determination. Choice Accessibility Flexibility Security

19 W H AT D R I V E S U S : We believe more people deserve to be homeowners. We're doing that by improving upon the current home financing model.

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