MORTGAGE LOAN RATES

LOAN RATES EFFECTIVE MAY 7, 2008

All Rates Quoted are Subject to Change at any time.

All borrowers must have a minimum credit score of 700

 

ADJUSTABLE RATES (ARM)
Conventional ARMs - 1-4 Family Owner Occupied 95%* and Second Homes 90%* Maximum Loan-To-Value
TYPE	TERM	RATE	APR***	POINTS**	PAYMENT PER $1,000
1 YR ARM	30 Yr	5.000%	5.144%	1.50	$5.37
2 YR ARM	30 Yr	5.250%	5.396%	1.50	$5.53
3 YR ARM	30 Yr	5.500%	5.648%	1.50	$5.68
5-1 ARM	30 Yr	5.875%	6.027%	1.50	$5.92
7-1 ARM	30 Yr	6.125%	6.279%	1.50	$6.08
5 YR ARM****	30 Yr	6.000%	6.011%	0.00	$6.00
****First Time Home Buyer Only - Maximum 95% Loan-To-Value
The 1 Year Treasury index is used for the 1 & 2 Year ARM, the 3 Year Treasury index is used for the 3 Year ARM, and the 5 Year Treasury index is used for the 5-1, 7-1, and 5 Year ARM programs. On adjustable rate mortgages, the APR may increase after consummation.

FIXED RATES
Conventional Fixed - 1-4 Family Owner Occupied 95%* Maximum Loan-To-Value All borrowers must have a minimum credit score of 700. Other products available - contact your lender.
TERM	RATE	APR***	POINTS**	PAYMENT PER $1,000
10 Yr	5.375%	5.622%	1.00	$10.80
10 Yr	5.875%	5.901%	0.00	$11.04
15 Yr	5.625%	5.780%	1.00	$8.24
15 Yr	6.125%	6.144%	0.00	$8.51
20 Yr	6.000%	6.140%	1.00	$7.16
20 Yr	6.375%	6.390%	0.00	$7.39
30 Yr	6.250%	6.357%	1.00	$6.16
30 Yr	6.625%	6.637%	0.00	$6.41

JUMBO LOANS

Fixed or Variable Rate loan in excess of $420,000.00 add .375% to rate

SECONDARY MARKET LOANS
Full selection of rate and point combinations available - Please call. ***Conventional Fixed - 1-4 Family Owner Occupied and Second Homes
TYPE	TERM	RATE	APR	POINTS	PAYMENT PER $1,000
Conventional	30 Yr	6.125%	6.203%	0.125%	$6.08
Conventional	30 Yr	5.875%	6.034%	1.000%	$5.92
Conventional	15 Yr	5.875%	5.984%	0.000%	$8.38
Conventional	15 Yr	5.500%	5.765%	1.000%	$8.18
***NHHFA		5.950%	6.550%	1.00%
		6.200%	6.802%	0.00%
Combination Programs with Rural Development also available. Rural Housing (RECD) Program - 90% Guarantee 30 Year Fixed Rate.