North State Bank Sales Support Collateral as of June 2025

Loan Products for Purchase Transactions Quick Refere n ce Guide (continued)

NCHFA Programs

Freddie Conventional Guidelines

Jumbo Loans

VA Loans

FHA Loans

USDA Loans

Chapter 13 Bankruptcy: - 1 year, with AUS approval, restrictions apply Chapter 7 Bankruptcy: - 2 years from completion date, with AUS approval

Chapter 13 Bankruptcy: - 1 year, with AUS approval, restrictions apply Chapter 7 Bankruptcy: - 2 years from discharge date with re-established credit, with AUS approval

Chapter 13 Bankruptcy: - 2 years from the discharge date or 4 years from the dismissal date, with AUS approval Chapter 7 Bankruptcy: - 4 year waiting period is required, measured from the discharge or dismissal date of the bankruptcy action, with AUS approval Foreclosure: 7 years from completion date Deed in Lieu of Foreclosure or Short Sale: 4 years from completion date Primary Residence Second Home (10% down) Investment (15% down w/720 credit score)

Chapter 13 Bankruptcy - 1 year from discharge date with GUS approval Chapter 7 Bankruptcy - 3 years from discharge date with GUS approval

Follow loan type guidelines

Allowed. Restrictions apply

Bankruptcy

2 years from completion date

3 years from completion date

3 years from completion date

Follow loan type guidelines

Allowed. Restrictions apply

Foreclosure/ Deed in Lieu of Foreclosure/ Short Sale

Primary Residence Second Home (20% Down) Investment Properties (35% Down)

Primary residence only

Primary residence only

Primary residence only Primary residence only

Occupancy

Per AUS

None, unless borrower owns multiple properties

None required

None required

Follow loan type guidelines

Varies 6 to 36 months

Cash Reserves

U.S. citizens, permanent aliens, and non-permanent aliens; must have SSN and be eligible to work

U.S. citizens, permanent aliens, and non-permanent aliens; must have SSN and be eligible to work

U.S. citizens, permanent aliens, and non permanent aliens; must have SSN and be eligible to work

Veterans and eligible reservists

U.S. citizens, permanent aliens, and non permanent aliens; must have SSN and be eligible to work

U.S. citizens, permanent aliens, and non-permanent aliens; must have SSN and be eligible to work

Eligible Borrowers

3% program: • Fixed rate only 5% program: • Fixed or adjustable rate (ARM)

Fixed rate

Fixed rate or ARM

Fixed rate

Fixed rate

Fixed rate or ARM

Loan Programs

The information contained in this Guide serves as a general overview and is accurate as of January 2025. It is intended to be used exclusively by real estate professionals and should not be provided to consumers or be made available to the public. This is not an advertisement to extend consumer credit. All products are subject to change without notice and may not be available at the time of loan commitment.

All loan applications are subject to automated underwriting and underwriter review. Restrictions and conditions may apply; some programs have income limitations. All loans, credit and collateral are subject to approval. As of January 2025.

NMLS# 411971