PORTFOLIO Mortgage Loan Rates

    OWNER OCCUPIED RESIDENTIAL REAL ESTATE                                 A.P.R.             Term            L.T.V.
         
    First Mortgage      
    l  One-Year A.R.M.  (±1% Annual Cap, ±5% Lifetime Cap, Fixed Rate Conversion Option)

3.125%

 30 years 80%
    l  Three-Year A.R.M.  (±3% Tri-Annual Cap, ±5% Lifetime Cap)

3.475%

 30 years 80%
    l  Five-Year Fixed/A.R.M.  (±2% Annual Cap, ±5% Lifetime Cap, F.R. Conversion Option)

3.750%

 30 years 80%
    l  Seven-Year Fixed/A.R.M.  (±2% Annual Cap, ±5% Lifetime Cap, F.R. Conversion Option)

4.125%

 30 years 80%
    l  Ten-Year Fixed/A.R.M.  (±2% Annual Cap, ±5% Lifetime Cap, F.R. Conversion Option)

4.365%

 30 years 80%
    l  Fixed Rate  

4.500%

 15 years 80%
    l  Fixed Rate  

5.200%

 30 years 80%
    Second Mortgage        
    l  Fixed Rate  

5.750%

 10 years 80%
    Home Equity Line of Credit      
    l  Prime Equity Line  (Prime Rate+1%, Revised Quarterly, 18% Max. A.P.R.)

4.250%

 20 years 80%
         

    NON-OWNER OCCUPIED RESIDENTIAL REAL ESTATE
         
    First Mortgage      
    l  One-Year A.R.M.  (±1% Annual Cap, ±5% Lifetime Cap)

5.990%

 20 years 75%
    l  Three-Year A.R.M.  (±3% Tri-Annual Cap, ±5% Lifetime Cap)

6.490%

 20 years 75%
    l  Fixed Rate  

6.740%

 15 years 75%
         

    COMMERCIAL REAL ESTATE
         
    l  We are not currently quoting commercial real estate loans or wishing to expand the portfolio.
         
    NOTES
         

    Ø  90% loan to value ratio may be available for First Mortgage loans with mortgage insurance. Subject to credit approval.
    Ø  75% loan to value ratio and 25 year maximum term required for Permanent Manufactured Housing with Real Estate.
    Ø  Interest on all loan accounts is computed on a 365-day accrual basis. Partial payment options are available. No fee.
    Ø  Fixed Rate Conversion Option rate is subject to the FHLMC 30 year, 60 day Required Net Yield+⅜%. 1% of balance fee.
    Ø  Revision Option rate change is available for all mortgage loans. ½% of balance fee with a $250 minimum.
    Ø  As indicated above (±), all A.R.M. loan rates may increase (or decrease) after consummation.
    Ø  All loan offers are subject to credit approval.
    Ø  The Prime Equity Line closing cost estimate is ±$500.00. Please see your loan officer for this and other loan closing cost xxx   xxdetails.
    Ø  On a $10,000 30-year loan with an initial interest rate of 5.000%, the maximum amount that the interest rate can rise xxx   xx        under this program is 5 percentage points to 10.000%, and the monthly payment can rise from an initial payment of xxx   xx        $53.68 to a maximum of $87.76 in the sixth year.
    Ø  On a $10,000 30-year loan with a fixed interest rate of 5.000%, the interest rate and the monthly payment of $53.68 xxx   xxx   xxcannot rise under this program.
    Ø  Attention: Information regarding loan terms is available.