Rates Effective as of January 26, 2010         12:00 PM
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

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

Fixed Rate Mortgages
Rate Point Annual Percentage
Rate (APR)
30 Year    
4.875% 1.00% 5.04%
5.125% 0.00% 5.20%
25 Year    
4.500% 1.00% 4.68%
4.750% 0.00% 4.84%
20 Year    
4.250% 1.00% 4.47%
4.500% 0.00% 4.60%
15 Year    
4.125% 1.00% 4.40%
4.375% 0.00% 4.50%
12 Year    
4.000% 1.00% 4.39%
4.250% 0.00% 4.41%

10 Year

    
3.875% 1.00% 4.27%
4.125% 0.00% 4.31%

**NOW AVAILABLE**

40 YEAR AMORTIZATION MORTGAGES

6.375%   0.00% PT  6.44% APR

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

New construction Loans are now available.
Please call or stop in and see one of our Loan Officers for details.

 
 

Adjustable Rate Mortgage Programs*
1 Yr Rate Guarantee 3.250% 4.90% APR 0.00 Points 30 Year Amort.
3 Yr Rate Guarantee 4.250% 4.87% APR 0.00 Points 30 Year Amort.
5 Yr Rate Guarantee 4.750% 4.96% APR 0.00 Points 30 Year Amort.
7 Yr Rate Guarantee 5.250% 5.17% 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 - 60 day commitment
Adjustable Rates - 120 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 June 30, 2010, all non-interest-bearing transaction accounts and NOW accounts with an interest rate of 0.5% 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

On October 3, 2008 Congress Temporarily

Increased FDIC Deposit Insurance

from $100.000 to $250,000 per Depositor

through December 31, 2013