Financing Your Barden Home

1. Financing Your Barden Home The Responsible Parties • “The Robar Ten Step” • Ten Steps to financing your new Barden Home with Robar General Funding Corp. Robar Dealer You Robar General Funding Corp. is located at 6308 Boston State Rd., Hamburg, NY 14075 Our toll free number is 1-888-997-6227 and our fax number is 716-648-2101.

2. Whose Responsibility? Robar Step One • Robar will prequalify you for a maximum loan amount based on your income and your debt. • This can be done with a phone call to the Robar offices or the completion and forwarding of an authorization form to the Robar offices. (This authorization form is attached for your review, use and records.) • This prequalification includes a review of an infile credit report** which allows us to quote an interest rate range and other pertinent terms. **An infile credit report is a “snapshot” of your credit profile and may not provide enough credit information.

3. Whose Responsibility? Robar Step Two • Robar will provide you and your dealer with a mortgage amount and estimated interest rate based on the information gathered in step one. • If you are using the $995 out of pocket program we will estimate the maximum hard and soft costs associated with the prequalified mortgage amount. Soft costs refer to fees associated with obtaining a mortgage. Hard costs are the true costs for materials and labor.

4. Whose Responsibility? You Dealer Step Three • You meet with your independent Barden dealer and talk preliminary numbers, plans, ideas and dreams. • The goal here is to at the very least make sure that the loan amount you have been prequalified for is going to be enough to do what you want. There is a difference between what you qualify for and what you can afford, Robar can only give the prequal amount, your comfort level is what you deem you can afford.

5. Whose Responsibility? You Step Four • You formally apply for the permanent mortgage. • By sending in the information from the “123” sheet (see attached), Robar can get you approved in as little as 23.5 hours. The information on the “123 sheet” is purposely general, each transaction may require specific items that will be addressed after the prequalification.

6. Whose Responsibility? Dealer Not in the Ten Step But important nonetheless • By this stage you have probably already ordered your preliminary prints from Barden Robar General Funding Corp., 6308 Boston State Rd., Hamburg, NY 14075 Licensed mortgage broker and/or lender in: NY, PA, MA, IN, MI, OH, IL, MN, WI, TN

7. Whose Responsibility? Robar Step Five • With the permanent loan approval a commitment is issued and your loan is now ready for an appraisal. • It is important to note that in order for us to do an appraisal you will need to have some land under contract, already in your name or plan on having it gifted to you. You will more than likely have done so but a quick reminder is never harmful. The appraisal is completed based on the plans, specification and lot location.

8. Whose Responsibility? Robar Step Six • Robar will notify you and your dealer of the approval. We will ask that the dealer contact us once he is ready for us to order the appraisal. • We will order immediately upon notification by the dealer…of course, feel free to contact us directly if you so wish. This space has no information in it like the others, We are just seeing if you are paying attention!!!

9. Whose Responsibility? Robar Step Seven • With the receipt of the appraisal your file is submitted to the construction lender for approval and commitment. • At this time the first phase of your financing has been completed. • The construction lender will now take over the transaction with a representative contacting you . The lender will look to review the budget, address any sweat equity you may be putting into the deal and answer any questions you may have regarding the construction loan. • Robar remains readily available to answer any questions or concerns you may have. Milo Corporation is the construction lender most commonly used, their number is 1-800-365-2207

10. Whose Responsibility? Dealer And/OR You Step Eight • Robar is notified by you or your dealer when you have reached the drywall phase of your new home. • This stage is our internal comfort zone, based on experience, that you are now within a 60 day period of closing on your permanent loan. Robar has been financing Barden homes since 1996, our experience is a valuable asset we encourage you to use. Our toll free number is 1-888-997-6227.

11. Whose Responsibility? Robar Step Nine • Robar will update your file and begin the process of readying your application for the final closing. • Robar will contact you with regards to the information needed to update your application package. • We will also discuss loan amount adjustments, interest rate options and other mortgage terms that need to be finalized before a closing can occur. Updating your file may only require that you supply us with a recent paystub, bank statement, and we will pull an updated credit report.

12. Whose Responsibility? Robar Step Ten • Robar arranges with the lender, the attorneys, and you for a targeted close date. • A final inspection will be completed by the original appraiser to verify that the house has been completed per the plans and specification. This is needed in order to schedule your final closing. • Once the final date is confirmed your final closing costs, which may include taxes and insurance figures, are calculated and reviewed to ensure for accuracy and explanations. Our commitment to service relies on our clients giving us sufficient feedback regarding their experience. A follow-up survey is sent to each of our clients immediately upon closing, which we ask for honest answers and comments.