Mortgage Rates

Effective: July 3, 2008

	Rate	Points	Origination Fees	APR*
*CU Members Mortgage* Sample of available rates for Borrowing on a Primary Residence
Conventional 40-year Fixed Rate	6.625%	0.000%	1.000%	6.730%
Conventional 30-year Fixed Rate	6.375%	0.000%	1.000%	6.477%
Conventional 15-year Fixed Rate	6.000%	0.000%	1.000%	6.096%
Jumbo 30-year Fixed Rate	6.500%	0.000%	1.000%	6.603%
Jumbo 15-year Fixed Rate	6.000%	0.000%	1.000%	6.096%
3/1 Adjustable	5.250%	0.000%	1.000%	5.391%
5/1 Adjustable	5.500%	0.000%	1.000%	5.644%
7/1 Adjustable	5.875%	0.000%	1.000%	6.022%


Assumptions and Disclaimer Each Quote above presumes a Loan Origination Fee of 1% is charged. Other options are available that do not require payment of the Origination Fee. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. Rates and points vary widely for loan amounts above $417,000, and/or for investment property loans. Each quote above represents a "lock-in" period of 30 days, meaning that if you applied for a loan today and choose to "lock-in"; we will guarantee the rate and points for 30 days. Rates and/or points are subject to change at any time until you apply for a loan and "lock-in" a rate. Each quote above is based on a loan amount of $150,000, the purchase of a primary residence, and a sales price of at least $187,500. These quotes represent a sample of available products. Many more loan programs are available. Speak with either Susan Griffin in the Bethel office or Wanda Dunham in the Rochester office for more information. Or ask a MSR how to access information on-line Glossary Rates: These quotes represent the par of going rates. Many other options are available, including lower rates with the payment of additional Discount Points, or higher rates with no Discount Points and no Loan Origination Fee. Rates are subject to change at any time with changes in the financial markets. Discount Points: Discount Points are percentages of the loan amount charged to obtain a particular interest rate. Discount Points are PAID in order to obtain a discounted rate. Discount Points are subject to change at any time with changes in the financial markets. Closing Costs: Closing Costs vary by loan type, property type, property state, loan purpose, occupancy, and for other reasons. Closing costs are comprised of fees from your Lender, the Title Company and/or Closing Agent, and various third parties, including but not limited to local governments, surveyors, inspectors, and couriers. APR: APR, or Annual Percentage Rate, is a calculated rate that combines certain closing costs along with the interest you will pay on a mortgage. The calculation and presentation of APR is mandated and defined by the Federal government in order to assist you in comparing rates and fees among various lenders.

MOBILE HOMES
In order to qualify for a WRCU Mobile Home Loan the Mobile Home must be set on a cement pad, have its wheels and hitch removed, must have skirting installed between its base and the cement pad, and cannot be older than 1977.
Rate	APR	LTV*	Term
11.000%	11.000%	80%	15 years
11.750%	11.750%	80%	20 years

Rate	APR	LTV*	Term
6.500%	6.500%	90%	10 years

Rate	APR	LTV*	Term
5.750%	5.750%	90%	15 yrs with a 5 yr draw

* LTV = Loan to Value Our Home Equity Loan is a fixed-rate ten-year loan. The borrower takes the entire amount of the loan at disbursal. Payments are fixed for the life-of-the-loan. Our Home Equity Line-of-Credit is a variable-rate loan with a maximum pay-back term of fifteen years. Unlike the home equity loan, a credit limit is established that the borrower can then “draw” on for the first five years of the loan. The borrower only borrows as they need funds and their monthly payment is calculated on the amount actually borrowed. Some of the conditions of a WRCU home equity product are: Loans are available on single-family properties and condominiums. All properties must be the primary residence and occupied by the owner/member. The minimum loan amount of any Home Equity Loan will be $5,000. The maximum loan amount of any Home Equity Loan will be $100,000 The maximum Home Equity Loan amount cannot be more than 90% of the appraised value, less any outstanding first mortgage amount.