Boiling Springs Savings Bank

Mortgage Loans	Rates effective as of 05/15/2012 All rates subject to change without notice
Listed below are our current mortgage rates for 1-4 family owner-occupied homes and condominiums. The rate is locked in for a period fo 90 days from the date we are in receipt of a formal application.


MAXIMUM LOAN AMOUNT		MINIMUM DOWN PAYMENT
$ 400,000	(95%LTV)	5%
$ 500,000	(90%LTV)
$1,000,000	(80%LTV)
$1,500,000	(67%LTV)
Private Mortgage Insurance is required with less than 20% down

Condominiums/Townhouses
Loans on owner-occupied condominiums for amounts exceeding $600,000 may not exceed 75% of the purchase price or our appraised value, whichever is less. Age-Restricted condominiums/townhouses may not exceed 75% of the purchase price or our appraised value, whichever is less.

PRODUCTS	RATE	APR	POINTS	MONTHLY PAYMENT PER THOUSAND*
10 YR FIXED (UP TO $1.0M)	3.250%	3.250%	-0-	$9.78
15 YR FIXED (UP TO $1.0M)	3.500%	3.500%	-0-	$7.15
20 YR FIXED (UP TO $1.0M)	4.000%	4.000%	-0-	$6.06
30 YR FIXED (UP TO $750K)	4.375%	4.375%	-0-	$5.00
30 YR FIXED ( >$750K TO $1.0M)	4.625%	4.625%	-0-	$5.15

Maximum Loan Amount $1,000,000

Add .25% to all rates on loans over $1,000,000

APPLICATION FEES:

1 FAMILY - $500.00

2-4 FAMILY - $700.00

* Monthly payment per thousand does not include amounts for taxes and insurance premiums, which if applicable will make your payment obligation greater.

Adjustable Rate Mortgages

Please call our Loan Department at (201) 507-3200 for our current Adjustable Rate Mortgage Rates

Featured Adjustable Rate

PRODUCT

RATE

APR

POINTS

MONTHLY PAYMENT PER THOUSAND*

15/30 ARM (UP TO $1.5M)

3.990%

-0-

$4.77

Add .25% to all rates on loans over $1,500,000

Payment Stream based on a loan example of $100,000:

No of Pmts.	Monthly Pmt.	Interest Rate
360	$476.84	3.990%

Adjusts after 15 years and remains unchanged for the remaining term. Index: Weekly Average Yield of Five Year Treasury Securities, as made available by the Federal Reserve Board + 2.50%** -- 4.000% Lifetime Cap 15/30 ARM rate effective as of 05/15/12