Rates - Sterling Federal Bank

Rates as of Friday, February 3, 2012
Product Description	Interest Rate	Annual Percentage Rate	Apply
15 Year Conventional Fixed Rate Loan
15 Year	3.250%	3.409%
20 Year Conventional Fixed Rate Loan
20 Year	3.875%	4.008%
30 Year Conventional Fixed Rate Loan
30 Year	4.000%	4.097%
7 Year Balloon Fixed monthly or Bi-Weekly payments
7 year balloon	5.000%	5.160%
10 Year (9 year) Swift Fixed Rate Loan (Bi-Weekly Payment)
10 Year (Bi-weekly Payment)	4.750%	4.974%
15 Year (13 Year) Swift Fixed Rate Loan (Bi-Weekly Payment)
15 Year (Bi-weekly Payment)	5.250%	5.412%
20 Year (17 Year) Swift Fixed Rate Loan (Bi-Weekly Payment)
20 Year (Bi-weekly Payment)	5.375%	5.505%
30 Year (23 Year) Swift Fixed Rate Loan (Bi-Weekly Payment)
30 Year (Bi-weekly Payment)	5.750%	5.852%
5 Year Ballon Monthly Payment
5 Year Balloon Commercial Real Estate (Monthly Payment)	5.000%	5.247%
30 Year Amortization One Year Adustable Rate Loan

All mortgage loans require a minimum borrower’s equity of $3,000.00.

Any of the current fixed mortgage rates can be lowered by paying points at closing. The rate reduction will be determined based upon market conditions at the time of the request. The maximum reduction is 1/4% for FHLMC loans 1/2% for in-house loans

The following rates and terms are subject to change without notice.

*Examples are based on a $100,000 home with 20% down and a loan of $80,000. The Annual Percentage Rate is based upon prepaid finance charges and interim interest.

"SWIFT" BI-WEEKLY FIXED RATES

"Swift" Bi-weekly payments. Monthly payment is divided in ½ and paid bi-weekly. Payment is automatically deducted from a Sterling Federal Bank checking account. Single family owner occupied.

ONE YEAR ARM

One year adjustable rate mortgages. Single family owner occupied. Indexed to the FHLB 7th District monthly average cost of funds.
Annual Interest Rate Cap 2% Up or Down
Lifetime Interest Rate Cap 6% Up or Down

1-4 UNIT INVESTMENT PROPERTY

The maximum L-T-V ratio is 80% on A, A-, or B rate investment property, 75% L-T-V on C Rate. The interest rate and/or margin is .5% higher than the single family owner occupied rate on all loan programs and risk based
A, A-, B, and C rates are applicable.

CLOSING COSTS / LOAN PROCESSING FEES

Products
Construction Loan Mortgage $400
Construction Loan Inspection Fees5 @ $90 Total $450
Purchase or Refinance Mortgage $400
FHLMC Mortgage $500
Equity Loan Mortgage $90
Equiline of Credit $90

*** PLEASE NOTE THE ABOVE COSTS ARE APPROXIMATE

Contract Sale Agreement Required
$350.00
Rate Modification In House Mortgage
$675.00

Title insurance or abstract/legal opinion is required on all mortgages.

SUBORDINATIONS
Cost $90.00 if approved for any other lender.

AUTO-DEBIT DISCOUNT ON CLOSING COSTS
$100 Discount on closing costs on any first mortgage loan for auto-debit of payment from a deposit account at Sterling Federal Bank.