Market Overview

Guild Mortgage Launches 3-2-1 Home Program to Open More Doors for First-Time Homebuyers

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Customers Can Purchase Home with 3 Percent Down; Guild Provides
$2,000 Gift Card to The Home Depot, $1,500 Grant Toward Closing

Guild
Mortgage
, one of the largest independent mortgage lenders in the
U.S., has launched 3-2-1
Home
, an innovative mortgage program designed to provide first-time
homebuyers with a low-down payment option and flexibility to make the
home their own.

Guild's 3-2-1 Home program enables customers to purchase a home with as
little as 3 percent down. As part of the program, Guild provides a
$2,000 Home Depot Gift Card and a $1,500 grant that can be applied
toward closing costs or increasing the down payment after the minimum 3
percent investment is met.

Unlike other low-down payment programs, the 3 percent down payment
program through Guild can be funded by a gift, such as a wedding or
graduation present. To qualify, borrowers must have a minimum credit
score of 620 and purchase a home that is located within 100 percent of
the area median income for their family size, except in underserved
areas. The program is available nationwide in the 40 states where Guild
operates.

"We are constantly looking for innovative ways to serve first-time
homebuyers, especially with so many struggling to afford a down payment
or find a home that suits their needs," said Mary Ann McGarry, Guild's
president and CEO. "With the 3-2-1 Home program, buyers can consider a
home that may need minor repairs or updates and have peace of mind
knowing they have extra resources to make improvements without tapping
into their cash reserves."

A recent survey
commissioned by real estate brokerage Redfin found that the top concerns
among first-time millennial homebuyers were having enough money for a
down payment (50 percent), affording a home in their preferred location
(45 percent) and rising home prices (41 percent).

David Battany, Guild Mortgage's executive vice president of capital
markets, said 3-2-1 Home helps ease financing challenges for first-time
buyers with low-to-moderate incomes, while providing flexibility to
purchase a home they may not otherwise consider.

"In many cases, a first-time buyer might pass on a property that needs a
few upgrades," he said. "The Home Depot Gift Card provides a sense of
security. The customer can purchase a home in an area they love and make
those upgrades, whether that is new flooring, fresh coats of paint, or
landscaping the yard. They can also choose a new washer and dryer,
design services or any other product or service offered by The Home
Depot."

A top-10 national lender by purchase loan volume, Guild offers
first-time homebuyers a wide range of loan options and personalized
service. Its loan professionals can serve the needs of any homebuyer,
from helping first-time homebuyers achieve homeownership, often through
government loan programs, to homebuyers looking to upgrade with a jumbo
loan. Guild also specializes in helping active duty and retired military
personnel to secure VA loans, with 100 percent financing and flexible
qualifying standards. The company is consistently recognized for its
impact in the communities it serves, commitment to customer service,
strength in regulatory compliance and workplace culture.

About Guild Mortgage

Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild
Mortgage Co.
is a nationally recognized independent mortgage
lender offering a wide range of residential mortgage products and local
in-house processing, underwriting and funding. Its collegial and
entrepreneurial culture enables it to deliver unsurpassed levels of
customer service. Having been through every economic cycle, the company
has grown 15-fold since 2007, and now has more than 4,000 employees and
344 branch and satellite offices in 29 states. Guild's highly trained
loan professionals are experienced in government-sponsored programs such
as FHA, VA, USDA, low down payment assistance programs and other
specialized loan programs. The company generated $15.9 billion in loan
volume in 2017, as compared to $1.2 billion in 2007. In addition, Guild
services more than 190,000 loans, which totaled $38.6 billion in 2017.
It has correspondent banking relationships with credit unions and
community banks in 47 states. Guild recently earned the J.D.
Power
award for "Highest
in Customer Satisfaction with Primary Mortgage Sales in the U.S.
",
based on results from its 2017 Primary Mortgage Origination Satisfaction
StudySM. (Equal Housing Lender – Company NMLS #3274).

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