Mortgage Loan Rates

Effective as of

July

23 ,

2008

Term	Rate	APR	Points	Monthly Payment per $1,000 Borrowed
30 Year	6.250 %	6.319 %	.50	6.16
	6.000 %	6.163 %	1.50	6.00
20 Year	6.000 %	6.090 %	.50	7.16
	5.875 %	6.090 %	1.50	7.09
15 Year	5.875 %	5.987 %	.50	8.37
	5.625 %	5.893 %	1.50	8.24
10 Year	5.625 %	5.783 %	.50	10.91
	5.500 %	5.877 %	1.50	10.85

PERMANENT LOANS:$10,000.00 Minimum loan amount - Owner Occupied
Purchases 95% LTV or less - Refinances 80% LTV or less
Jumbo Loans (over $500,000) ADD ½% AND 1/2 point – LTV may not exceed 80%
Loans over $750,000 are subject to Board approval.

CONSTRUCTION-PERMANENT LOANS:All permanent loan conditions apply except LTV may not exceed 80%. Add 1/2 additional point.

INDIVIDUAL LOT LOANS: 5.75% Rate 1/2 point, 5.88% APR. 7 Year Balloon with 30 year amortization. Maximum LTV may not exceed 80%.

LOAN MODIFICATIONS: May be granted on a case by case basis.

NOTE: ANNUAL PERCENTAGE RATE (APR) IS CALCULATED WITH LOAN BALANCE ASSUMPTION OF $165,000.00.

RATES ARE SUBJECT TO CHANGE