Rates Effective as of July 23, 2010      10:30 AM
Single Family-
Owner Occupied

Loans $417,000 or less
(as of 01/01/2009)

Appraisal Fee $325.00

*NON CONFORMING LOANS WILL BE SUBJECT TO RATE AND POINT INCREASES*
*Non-conforming are loans not meeting FNMA guidelines
Loans with 3% - 19% down will be required to have PMI Insurance.

JUMBO LOANS - SINGLE FAMILY
SUBJECT TO REVIEW

FIXED RATES BASED ON AUTOMATIC DRAFT

 ADD.125% TO RATE WITHOUT CHECKING ACCOUNT RELATIONSHIP

 ADD .25% TO RATE WITHOUT ANY AUTOMATIC DRAFT

Cash out refinances: LTV 70% or greater, add .125% to the rate
 

Fixed Rate Mortgages
Rate Point Annual Percentage
Rate (APR)
30 Year    
4.250% 1.00% 4.41%
4.500% 0.00% 4.57%
25 Year    
4.000% 1.00% 4.18%
4.250% 0.00% 4.33%
20 Year    
3.750% 1.00% 3.96%
4.000% 0.00% 4.10%
15 Year    
3.625% 1.00% 3.90%
3.875% 0.00% 4.00%
12 Year    
3.500% 1.00% 3.83%
3.750% 0.00% 3.90%

10 Year

    
3.375% 1.00% 3.77%
3.625% 0.00% 3.81%

The above interest rates assume loan payments are made electronically from the borrower's checking account add .25% to the stated rate for monthly payment option paid by coupon.
 

FHA LOANS NOW AVAILABLE - Come in and see a Loan Officer today.
 

Adjustable Rate Mortgage Programs*
1 Yr Rate Guarantee 2.500% 4.83% APR 0.00 Points 30 Year Amort.
3 Yr Rate Guarantee 3.000% 4.58% APR 0.00 Points 30 Year Amort.
5 Yr Rate Guarantee 3.500% 4.50% APR 0.00 Points 30 Year Amort.
7 Yr Rate Guarantee 4.000% 4.57% APR 0.00 Points 30 Year Amort.

 

*Rate may increase after consummation
2% Adjustment Cap - 8% Ceiling** - 5% Floor
**Ceiling is initial rate plus 8%
Adjustments will be at 2.75% over the 1 year U.S. Treasury Index
 

Fixed Rates - 30 day commitment
Adjustable Rates - 60 day commitment

FDIC Transaction Account Guarantee Program

AJ Smith Federal Savings Bank is participating in the FDIC's Transaction Account Guarantee Program.  Under this program, through December 31, 2013, all non-interest-bearing transaction accounts and NOW accounts with an interest rate of 0.25% or less are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

 

 

 

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New Deposit Insurance Limits

Effective July 21, 2010, the FDIC has permanently increased the amount of standard deposit insurance to a maximum of $250,000.  The $250,000 applies per depositor, per depository institution for each account ownership category.