Home Loan Rates

First Mortgages (Purchase or Refinance)
Rates are effective as of June 1, 2010 and can change at any time
Maximum: $250,000 84 Monthly payments of $14.26 per $1000 borrowed at an Annual Percentage Rate of 5.25%.	Term	Annual Percentage Rate	Amount Financed
	0-7 years	5.00%	90% LTV
	7-12 years	5.25%	90% LTV
	12-15 years	5.50%	90% LTV
Costs include: ¾% origination fee plus actual costs including Appraisal and Title Insurance
Balloon Mortgage Program
5-year balloon up to 25-year amortization 90% Loan-to-Value 1% origination under $100,000; ¾% over $100,000; 1/2% over $200,000 4.75% APR
Second Mortgage Program (Includes Home Equity, Home Improvement, First & Second Mortgage Loans)
100% of Assessed or Appraised Value $5,000.00 minimum - $250,000.00 maximum 84 Monthly payments of $14.37 per $1,000 borrowed at an Annual Percentage Rate of 5.50% Credit Score 601-660 + .50%; 600 or less + 1.00%		Term	APR
		0-7 years	5.25%
		7-10 years	5.75%
Costs include:	$30.00 Recording Fee $25.00 Flood Certificate Appraisal Costs if needed Picture required
Construction Loans
6-month draw period, renewal 80% LTV; $300,000 maximum $500 origination fee Interest paid monthly Variable rate (same as HELOC)
Home Equity Line of Credit (HELOC)
Current Rate: Rate can change monthly 5.25% APR Min 18.00% APR Max Repayment: 1.55% of outstanding balance-Min $100	5.25% APR	Daily Periodic Rate:	0.014384
Index:	Previous month's average of 6-month T-Bill (.1600%)
Margin:	+3.50% (Rounded to the next .125%)
Costs include:	$30.00 recording fee $25.00 flood certificate	No other fees apply
Lot Loans
5 years 50% of value or purchase price