Mortgage Credit Certificate

1. Mortgage Credit Certificate Information about the Mortgage Credit Certificate

2. What is it? • It’s NOT a loan product, but an enhancement to a loan product • Allows borrower to use a tax credit. • Percentage of mortgage interest paid is a direct credit to federal tax liability • Remaining mortgage is still a deduction • Unused credit can be rolled forward for 3 years

3. What Does That Mean? • A direct credit to your federal tax liability • A larger tax refund • More monthly income by reducing monthly withholdings • If you can’t take all the credit this year you can roll it over to next year • Can use the tax savings to qualify for a higher loan amount

4. Who Can Benefit from MCC • Primary Residence buyers • Does not allow co-signers • Cannot be for an investment or a second home purchase • Amount of credit depends on loan amount and caps out at $2000/year • Someone purchasing in a TARGETED area: see next slide, but contact your Fidelity Mortgage for more details as the following map is subject to change.

5. CHFA Target Area Counties in Colorado Source: http://www.chfainfo.com/documents/target_maps/TAM_ColoradoCounties.pdf

6. How much can you save? Source: http://www.chfainfo.com/documents/MCC_rate_card.pdf

7. Eligibility Purchase Only Income and sales price limits apply • First time home buyer (hasn’t owned in three years) • Non-first time homebuyer purchasing in targeted area • Eligible Veteran purchasing in non-targeted and targeted areas • CHFA- Approved homebuyer education class is required • All occupants income used to determine income eligibility • County where property is located • 620 minimum median credit score

8. Additional Details • $200 lender fee (optional) • $250 CHFA Administrative fee (qualified closing cost) that can be paid at closing if the MCC is attached to the CHFA First Mortgage Loan • $1,000 administrative fee if the MCC is not attached to a CHFA Frist Mortgage Loan; must be paid with certified funds at the time of compliance review

9. Grand Junction: 970-242-7000 Montrose: 970-252-7395 More information can be found by calling: Steamboat Springs: 970-761-2245 Call today Visit: www.chfainfo.com

10. Equal Housing Lender. This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be available at time of application. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. Bay Equity LLC, 100 California Street Suite 1100, San Francisco, CA 94111-4561; NMLS ID#76988. Loans will be made or arranged pursuant to Department of Business Oversight California Finance Lenders Law License #605-3919; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act- #4150077; Arizona Mortgage Banker License #0910340; Hawaii Mortgage Loan Originator Company License #HI-76988; MBL-7852 Idaho Mortgage Lender Broker License; Montana Mortgage Lender License #76988; Nevada Mortgage Broker License #3918.; New Mexico Lender License #76988; Oregon Mortgage Lender License #4845; Texas SML Mortgage Banker Registration #76988; Utah DRE Mortgage Entity #7953347; Washington Consumer Loan License #CL-76988; NMLS ID#76988; Colorado Mortgage Company Registration #76988. Regulated by the Colorado Division of Real Estate. To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm Texas Mortgage Banker Disclosure: http://bayeq.com/forms/linked-documents/Pursuant-1.pdf NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/76988 BEHL-140401-12.0 Compliance