Current Rates
Construction

Rates as of Friday, September 3, 2010
Product Description Points Interest Rate Annual Percentage Rate Fully Indexed Rate Payment per $1,000 Payments Closing Costs Apply
APRs on Construction Loan include Inspection Fees, Points, and a $500.00 Processing Fee
Adjustable Rate Mortgage - Construction
10/1 YR ARM - One Step
Max Term 30 YR, Margin 2.875, Caps 5/2/5, Floor 4.000   		0.000 6.000% 5.404% 4.000% $6.00 Show Payments and Rates $2,825.00
7/1 YR ARM - One Step
Max Term 30 YR, Margin 2.875, Caps 5/2/5, Floor 4.000   		0.000 4.500% 4.311% 4.000% $5.07 Show Payments and Rates $2,825.00
5/1 YR ARM - One Step
Max Term 30 YR, Margin 2.875, Caps 2/6, Floor 4.000   		0.000 3.750% 4.008% 4.000% $4.63 Show Payments and Rates $2,825.00
Fixed Rate Mortgage - Construction
Fixed Rate - 30 Year - One Step   0.000 6.500% 6.614% N/A $6.32 Show Payments and Rates $2,825.00
Fixed Rate - Interest Only - 12 month   1.000 6.375% 10.517% N/A $86.24 Show Payments and Rates $3,825.00
APRs (Annual Percentage Rates) assume a 20% downpayment and are based upon a $100,000 loan including points, a $25 Flood Determination Fee, a $650 Inspection Fee and a $500 Processing Fee. Other downpayment options are available. Rates and programs are subject to change without notice. Variable rates may be increased after consummation.Title Insurance Based on $100,000 mortgage loan.Origination Fee Interest Only Construction Loan 1- point based on $100,000 mortgage loan.