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MORTGAGE LOAN PROGRAMS

Rates Effective as of 2/5/2012
 
All payments listed below exclude taxes and insurance. Your actual payment obligation will be greater than that disclosed.
Fixed Rate Programs Interest Rate APR Principal &
Interest Pmt		 Fees Months
Fixed-30 Year Owner
Occupied Conforming		 3.625% 3.692% $570.06 $718.75 360
Fixed-20 Year Owner
Occupied Conforming		 3.500% 3.593% $724.95 $718.75 240
Fixed-15 Year Owner
Occupied Conforming		 3.125% 3.243% $870.76 $718.75 180
Adjustable Rate Programs Interest Rate APR Principal &
Interest Pmt		 Fees Months
A.R.M.-7/1 Owner Occupied
Conforming		 3.125% 3.190% $535.47 $718.75 1-84
         Payments 85-96 3.125% 3.190% $535.47 above 85-96
         Payments 97-108 3.125% 3.190% $535.47 above 97-108
         Payments 109-360 3.125% 3.190% $535.47 above 109-360
A.R.M.-3/3 Owner Occupied
Conforming		 2.875% 3.330% $518.62 $718.75 1-36
         Payments 37-72 3.375% 3.330% $549.69 above 37-72
         Payments 73-108 3.375% 3.330% $549.69 above 73-108
         Payments 109-360 3.375% 3.330% $549.69 above 109-360
ALL RATES LISTED DIRECTLY ABOVE MAY INCREASE AFTER CONSUMMATION.
 
The 7/1 A.R.M. has a fixed interest rate and principal and interest payment for the first seven years with the interest rate and payment adjusting annually thereafter based on the one year treasury securities plus a margin of 3.00% and rounded to the nearest 1/8%.

The 3/3 A.R.M. has a fixed interest rate and principal and interest payment for the first three years with the interest rate and payment adjusting every three years thereafter based on the three year treasury securities plus a margin of 3.00% and rounded to the nearest 1/8%.

All programs listed assume 20% equity or down payment without the requirement of mortgage insurance. Other programs are available requiring smaller down payment or less equity, however mortgage insurance will be required which will lead to a higher payment and APR. The above loans assume a loan amount of $125,000.00.
 
Charlotte (517) 543-3880 Eaton Rapids (517) 663-1551
Nashville (517) 852-1830 Olivet (269) 749-2811
Grand Ledge (517) 627-6292
 
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