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ADJUSTABLE RATE MORTGAGES



Rates Effective: February 27 2007

Featured Rate:
See BelowAPR
5/1yr. ARM


Type Term Interest Rate Points APR Payment Per $1,000 Subsequent Payments
3/1-yr. ARM 30-yr. 6.500% 0 7.15% 36@$6.32 324@$6.87
5/1-yr. ARM 30-yr. 6.750% 0 7.12% 60@$6.49 300@$6.86
7/1-yr. ARM 30-yr. 7.000% 0 7.18% 84@$6.65 276@$6.87

Available for 1-4 Family Owner Occupied Residences. Other Terms Available, Construction Loans/No Inspection fees, one closing permanent loan, Condos - (not to exceed 75%LTV), Investment Property (add 1% to interest rates listed), Land (not to exceed 60%LTV) (add 1% to interest rates listed), Jumbo Loans $500,000 or more add .25%. 1 & 2 point rates available. All adjustable rates are subject to increase after consummation.

 

 

FIRST TIME HOME-BUYER



Rates Effective: February 27, 2007

Featured Rate:
See BelowAPR
5/1-yr. Discounted ARM


Type Term Interest Rate Points APR Payment Per $1,000 Subsequent Payments
3/1-yr. Discounted ARM 30-yr. 6.500% 0 7.15% 36@$6.32 324@$6.87
5/1-yr. Discounted ARM 30-yr. 6.750% 0 7.12% 60@$6.49 300@$6.86
7/1-yr. Discounted ARM 30-yr. 7.000% 0 7.18% 84@$6.65 276@$6.87

Available for first time homebuyers for the purchase of One to Four family Owner Occupied Residences; Minimum down payment of 10%; Qualifying income ratios: 32% and 40%; Maximum Loan Amount $375,000. All adjustable rates are subject to increase after consummation. NO CLOSING COSTS

 

 

FIXED RATE MORTGAGES - In House



Rates Effective: February 27, 2007

Featured Rate:
6.875%APR
10-yr. Fixed


Type Term Interest Rate Points APR Payment Per $1,000
10-yr. Fixed 10-yr. 6.875% 0 6.875% 120@$11.55
15-yr. Fixed 15-yr. 7.000% 0 7.000% 180@$8.99

Rates subject to change.

 

 

FIXED RATE MORTGAGES - Sold


Rates Effective: February 27, 2007

Featured Rate:
6.133%APR
30-yr. Fixed


Type Term Interest Rate Points APR Payment Per $1,000
30-yr. Fixed 30-yr. 6.125% 0 6.133% 360@$6.08
30-yr. Fixed 30-yr. 5.875% 1 5.977% 360@$5.92
15-yr. Fixed 15-yr. 6.000% 0 6.014% 180@$8.44
15-yr. Fixed 15-yr. 5.625% 1 5.794% 180@$8.24

Rate Changes Daily. Owner-occupied 1-4 family properties. Loan limits 1-family $417,000, 2-family $533,850, 3-family $645,300 and 4-family $801,950. Jumbo loan rates are available, please call bank for rates.