Mortgage Rates

Rates are current as of 3/9/10 and are subject to change without notice. Please call 1-888-288-8778 for the most current rates.

FIXED RATE

Conforming
(Loan amounts of $150,000 to $417,000 with full documentation)

Loan Term	Rate	Points	APR	Monthly Payments
30 Years – No points, no fees	5.250%	0.000	5.270%	$828.31
30 Years – No points with fees	4.875%	0.000	4.971%	$793.81
30 Years – Points and fees	4.750%	0.750	4.911%	$782.47
30 Years – Interest only	N/A	N/A	N/A	N/A

Loan Term	Rate	Points	APR	Monthly Payments
15 Years – No points, no fees	4.500%	0.000	4.528%	$1,147.49
15 Years – No points with fees	4.250%	0.000	4.410%	$1,128.42
15 Years – Points and fees	4.000%	1.000	4.308%	$1,109.53

Agency Jumbo
(Loan amounts of $417,001 to $729,750 with full documentation)

Loan Term	Rate	Points	APR	Monthly Payments
30 Years – Points and fees	5.000%	0.000	5.046%	$2,254.65

30 Years – No points with fees

4.875%

0.500

4.965%

$2,222.67

Loan Term	Rate	Points	APR	Monthly Payments
15 Years – Points and fees	4.375%	0.000	4.450%	$3,186.21

15 Years – No points with fees

4.250%

0.625

4.418%

$3,159.57

ADJUSTABLE RATE

Conforming
(Loan amounts of $150,000 to $417,000 with full documentation)

Loan Term	Rate	Points	APR	Monthly Payments
5/1 ARM – No points with fees	3.375%	0.000	3.249%	$663.14
5/1 ARM – Points and fees	3.250%	0.500	3.290%	$652.81

Loan Term	Rate	Points	APR	Monthly Payments
7/1 ARM – No points with fees	3.875%	0.000	3.561%	$705.36
7/1 ARM – Points and fees	3.500%	0.625	3.433%	$673.57

Loan Term	Rate	Points	APR	Monthly Payments
10/1 ARM – No points with fees	4.250%	0.000	3.912%	$737.91
10/1 ARM – Points and fees	4.000%	0.625	3.805%	$716.12

Disclosures & Assumptions
Conforming and ARM examples are based on a loan amount of $150,000. Non-conforming are based on a loan amount of $420,000. Annual Percentage Rate (APR) is calculated using total points and $1,235 in estimated closing costs.

All examples are based on the following conditions:

• Property is an owner-occupied single family residence
  
• Property is located in California
  
• Down payment or equity is 20%
  
• Income and assets are documented and are sufficient to qualify
  
• Rates and points are based on a 30-day rate lock period
• Credit subject to Far East National Bank approval

Adjustable-rate mortgage rates are subject to increase after the initial fixed rate period. Rates, fees, programs, and/or terms are subject to change without notice. Consult your tax advisor regarding tax deductibility of interest.

Representative Examples

• A 15-year loan of $250,000 with a 6.250% APR would have 180 monthly payments of $2,143.56.
  

• A 30-year loan of $250,000 with a 6.500% APR would have 360 monthly payments of $1,580.17.

If down payment is less than 20%, mortgage insurance may be needed, increasing the monthly payment and APR.