Today's Rates: June 30, 2010

Larger Loan Amounts in Eligible Areas. In federally designated metropolitan areas, qualified customers may be able to borrow up to $729,750 on conforming¹ or FHA loans without paying the typical higher interest rates on jumbo loan amounts. Contact us to determine your eligibility for a larger loan amount.

				Conforming1 Loan Rate				FHA
				30 Year Fixed		15 Year Fixed		30 Year Fixed
		Interest Rate		4.625%		3.875%		4.625%
		APR		4.812%		4.195%		5.364%
		Monthly Payment		$899.75		$1,283.52		$999.62
		Payment Term		30 YEARS		15 YEARS		30 YEARS
		Loan Amount		$175,000		$175,000		$175,000
		Est. Prepaid Finance Charges		$3,750		$3,750		$3,750
		Down Payment		20%		20%		3.5%

Be aware that mortgage rates can change without notice and apply only in certain conditions. The APR for the loan products shown reflects the interest rates and estimated prepaid finance charges which include 1% of your loan amount to be paid toward origination, but does not include all closing costs or discount points. The displayed rates assume that you're purchasing a single-family primary residence with a 60-day-lock.

Your loan's rate depends on several factors. Your final interest rate will vary based on financial market conditions, the specific characteristics of your loan transaction, as well as your credit profile up to the time of closing.

The Monthly Payments shown here don't include homeowners insurance or property taxes. Because these items are typically paid each month, it could increase the amount of your loan payment.

For the Conforming Loan, if the down payment is less than 20%, mortgage insurance may be required on the loan, which also increases your monthly payment and the APR shown here.

FHA loans require both an upfront and an annual mortgage insurance premium. The upfront fee is $3,937.50. The annual premium varies based on individual credit scores, your loan-to-value ratio and the loan term. For the FHA loan, a mortgage insurance payment has been added to the monthly principal and interest payment displayed above.

¹ Conforming loan amounts for certain loan products have increased in federally designated metropolitan areas. Larger limits available in the state of Hawaii. To find out if these new loan limits can help meet your needs, contact us.

Moving Beyond Credit Challenges

Homeownership can be the foundation for building a more secure financial future. We can work with you to find a home financing solution that can help you get on a path to solid financial footing, even if you're facing temporary credit problems. Take advantage of the opportunity for you to better manage your credit. It may be the first step towards stabilizing your financial situation, and building wealth. Start the application process online or call us at 910-692-6225 and our home mortgage consultants can address your individual needs.