July 1, 2008
Mortgage Rates
Weekly Index 2.46
% down
Interest Rate
Points
APR
Monthly Payment
per thousand borrowed
Rate Caps
Fixed Rates
15 Yr Term
*20%
5.990%
0
6.017%
$8.43
N/A
15 Yr Term
*20%
5.750%
1
5.932%
$8.30
N/A
20 Yr Term
*20%
6.250%
0
6.271%
$7.31
N/A
30 Yr Term
*20%
6.500%
0
6.516%
$6.32
N/A
(Lower rates with points - Subject to availability).

Adjustable Rates **
5-1 ARM -
Convertible
*20%
5.500%
0
5.206%
$5.68 -1st 60 months
$5.82 - remaining 300
@ a fully indexed rate 4.96%
2% / 6%
Various Terms Available,
30 Yr max margin 2.50%
3-1 ARM -
Convertible
*20%
5.250%
0
5.076%
$5.52 - 1st 36 months
$5.61 -remaining 324
@ a fully indexed rate 4.96%
2% / 6%
Various Terms Available,
30 Yr max margin 2.50%
3-1 ARM -
Non Convertible
*20%
5.000%
0
5.203%
$5.37 - 1st 36 months
$5.78 -remaining 324
@ a fully indexed rate 5.25%
2% / 6%
Various Terms Available,
30 Yr max margin 2.75%

MHFA / First Time Home buyers
30 YR Fixed Rate
*20%
6.375%
2
6.580%
$6.24
N/A
30 YR Fixed Rate
*20%
6.625%
0
6.640%
$6.40
N/A
3% Down Payment Program Available (Certain Restrictions Apply - Contact Mort. Dept. for details)

Construction Loans
(Monthly interest only payments based on the amount of credit outstanding during the 9 month construction period. Remaining payment stream example refer to product below.)
15 Year Fixed Term
20%
6.250%
0.50%
6.447%
$8.57
N/A
20 Year Fixed Term
20%
6.500%
0.50%
6.661%
$7.46
N/A
30 Year Fixed Term
20%
6.750%
0.50%
6.875%
$6.49
N/A
5-1 ARM -
Convertible
20%
5.500%
0.50%
5.373%
see the above 5/1 Convertible ARM payment example
2% / 6%
Various Terms Available,
30 Yr max margin 2.50%
3-1 ARM -
Convertible
20%
5.250%
0.50%
5.266%
see the above 3/1 Convertible ARM payment example
2% / 6%
Various Terms Available,
30 Yr max margin 2.50%
3/1 ARM -
Non Convertible
20%
5.000%
0.50%
5.409%
see the above 3/1 Non Convertible ARM payment example
2% / 6%
Various Terms Available,
30 Yr max margin 2.75%
 

*15%, 10%, 5% Down payments may be available at the same rates listed above, WITH Private Mortgage Insurance
 
**The APR may increase after the consummation of the loan.
 

Please call the Mortgage Department at (800) 696-9401 for more information regarding pre-approvals, adjustable rate conversion options, construction loans, etc.

Rates and terms are subject to change without prior notice.