Rates and costs are subject to change at any time after consummation without advance notice. Fixed rate loan amounts less than $75,000. may be subject to a higher rate of interest and or additional closing costs. Please see below for detailed descriptions of the above loan types.

Adjustable Rate Mortgage APR: APR is based on a loan amount of $100,000., 80% LTV, amortized for 30 years, with 15 days pre-paid interest and a $14.00 flood certification fee as a pre-paid expense.

Fixed Rate Mortgage APR (30 Year): APR is based on a loan amount of $100,000., 80% LTV, amortized for 30 years, with 15 days pre-paid interest and a $14.00 flood certification fee as a pre-paid expense. In-house fixed rate loans are serviced by Forward Financial Bank. Saleable fixed rate loans are not serviced by Forward Financial Bank.

Fixed Rate Mortgage APR (20 Year): APR is based on a loan amount of $100,000., 80% LTV, amortized for 20 years, with 15 days pre-paid interest and a $14.00 flood certification fee as a pre-paid expense. In-house fixed rate loans are serviced by Forward Financial Bank. Saleable fixed rate loans are not serviced by Forward Financial Bank.

Fixed Rate Mortgage APR (15 Year): APR is based on a loan amount of $100,000., 80% LTV, amortized for 15 years, with 15 days pre-paid interest and a $14.00 flood certification fee as a pre-paid expense. In-house fixed rate loans are serviced by Forward Financial Bank. Saleable fixed rate loans are not serviced by Forward Financial Bank.

Construction Loan Rate APR (6 Months): APR is based on a loan amount of $100,000., 80% LTV, as an interest only payment for six months, with no pre-paid interest and a $14.00 flood certification fee as a pre-paid expense.

Rural Housing Program APR: APR based on a loan amount $100,000., 80% LTV, amortized for 30 years, with 15 days pre-paid interest, a $14.00 flood certification fee and a 2% funding fee as pre-paid expenses.

Land Loan APR (10 Year): APR is based on a loan amount of $25,000., 80% LTV, amortized for 10 years, with 15 days pre-paid interest. No flood certification is required.

Terms of repayment: (Except construction loans) Repayment of mortgage debt requires monthly installments of principal and interest, along with optional escrow of taxes, and home owners insurance if so selected. Loans which require private mortgage insurance, call for mandatory monthly escrow of taxes, home owners insurance and private mortgage insurance at 1/12th their annual estimated costs at time of closing. An example of a monthly principal and interest payment as a unit cost approach would be; an amortized term of 15 years, with an interest rate of 5.50% would create a principal and interest payment of $8.17 per $1,000. borrowed.

Terms of repayment: (Construction loans only) Loan requires an interest only payment based on the amount of funds drawn during the month. For example; a loan with funds of $100,000. drawn, for a 28 day period, at the rate of 6.25% would require a monthly interest payment of $486.11. A loan with funds of $100,000. drawn, for a 30 day period, at the rate of 6.25% would require a monthly interest payment of $520.83. These examples are based on a 360 day calculation basis.