| Rates are effective as of November 20, 2008 and may change without notice. |
Iowa First Home Loan & Rural Development |
| Term |
Interest Rate/APR |
Points |
Mo. Pmt Per $1000 |
| First Home 30/25 Year |
7.00%/7.028% |
0.000 |
6.65 |
| First Home Plus 30/25 |
7.50%/7.529% |
0.000 |
6.99 |
| Rural Development |
7.50%/7.529% |
0.000 |
6.99 |
| First Home and Rural Development 100% guaranteed housing loans are subject to County income limits. A $2,500 assistance grant is available to income qualified FirstHome Plus applicants. APR calculated using $100,000 loan amount for a 30 year term. Rural Development Guaranty fee is currently 2.00%, can be rolled into the loan, and is included in the APR calculation. |
| Rates as of November 20, 2008. The interest rates, annual percentage rates (APRs), and points shown are subject to change without notice. All listed rates are applicable to single family, owner occupied, primary residences only. Additional pricing adjustments may apply. |
Conventional Fixed Rate Mortgages |
| Term |
Interest Rate/APR |
Points |
Mo. Pmt Per $1000 |
| 40 Year |
7.50%/7.526% |
0.000 |
6.58 |
| 40 Year |
7.00%/7.111% |
1.000 |
6.21 |
| 30 Year |
6.125%/6.152% |
0.000 |
6.08 |
| 30 Year |
5.875%/5.995% |
1.000 |
5.92 |
| 20 Year |
6.125%/6.161% |
0.000 |
7.24 |
| 20 Year |
5.75%/5.910% |
1.000 |
7.02 |
| 15 Year |
5.875%/5.920% |
0.000 |
8.37 |
| 15 Year |
5.50/5.700% |
1.000 |
8.17 |
| APR is based on a $100,000 loan amount. |
| Rate index is the 1 year T bill weekly average; as of November 14, 2008 the index is 1.12% and then rounded to the nearest 1/8%.
Rates are current as of November 20, 2008. |
Adjustable Rate Loans |
| Term |
Interest Rate/APR |
Caps |
Margin |
Points |
Mo. Pmt Per $1000 |
| 1 Year ARM/30 YR term |
5.250%/4.996% |
2/6 |
2.75% |
1.000 |
$5.52 |
| 3/1 Year ARM/30 YR term |
5.875%/5.400% |
2/5 |
3.00% |
1.000 |
$5.92 |
| 5/1 Year ARM /30 YR term |
6.125%/5.602% |
2/5 |
3.00% |
1.000 |
$6.08 |
| 1 Year ARM/15 YR term |
5.250%/5.084% |
2/6 |
2.75% |
1.000 |
$8.04 |
| 3/1 Year ARM/15 Yr term |
5.875%/5.581% |
2/5 |
3.00% |
1.000 |
$8.37 |
| 5/1 Year ARM/15 Yr term |
6.125%/5.885% |
2/5 |
3.00% |
1.000 |
$8.51 |
| •Monthly payment is based on a loan amount of $100,000 and a 20% down payment off purchase price.
•The APR is calculated using interest rate and 1 point only and does not take into account other loan specific finance charges you may be required to pay.
•If the down payment is less than 20%, private mortgage insurance (PMI) may be needed on the loan. This could increase the monthly payment and the APR.
•The monthly payment amount shown includes principal and interest only. Your actual monthly payment will be higher if an escrow/impound account is established or required.
•Special information for all adjustable rate mortgages: the interest rate, corresponding APR and principal and interest payment are subject to increase and will change after the loan is closed due to market-driven changes to the index.
•At adjustment, the new interest rate on these adjustable rate mortgages will be the average weekly yield on U.S. Treasury securities adjusted to a constant maturity of one year, plus the applicable margin, subject to the annual and lifetime adjustment caps.
•Initial monthly payment based on a 30 year term.
•Interest rate is adjustable annually
•Initial interest rate is fixed for 36 months and is adjustable every 12 months thereafter.
•Initial interest rate is fixed for 60 months and is adjustable every 12 months thereafter. |
| Rates are effective as of October 29, 2008 and may change without notice.
APR is based on a $10,000.00 loan amount. |
Second Mortgage Fixed Rates |
| Term |
Interest Rate/APR |
Mo. Pmt Per $1000 |
| 3 Year |
7.750%/7.824% |
$31.22 |
| 4 Year |
8.250%/8.306% |
$24.53 |
| 5 Year |
8.750%/8.796% |
$20.64 |
| 7 Year |
9.000%/9.035% |
$16.09 |
| 10 Year |
9.500%/9.526% |
$12.94 |
| Rates are current as of November 7, 2008. The interest rates, Annual percentage rate (APR), and points shown are subject to change without notice. All listed rates are applicable to single family, owner occupied, primary residences only. |
FHA/VA |
| APR is based on a $100,000 loan amount. |
**INTERESTED IN A HOME EQUITY LINE OF CREDIT- PLEASE CALL, Rita or Lorri for a personalized Home Equity Line of Credit Quote. 712-262-3340**
Coupon for $250 off cosing costs available on first mortgage loans. |
| |
|
| Member FDIC