MAX LTV*

AMORTIZATION

BASE RATES**

Purchase

10 Year Term

80%

20 Years

1 Yr ARM 5.25%

3/1 ARM: 5.75%

5/1 ARM 6.50%

Refinance Rate & Term

10 Year Term

75%

20 Years

1 Yr ARM 5.25%

3/1 ARM 5.75%

5/1 ARM 6.50%

Refinance Cash-Out

10 Year Term

70%

15 Years

1 Yr ARM: 5.50%

3/1 ARM: 6.00%

5/1 ARM 6.75%

Construction

12 Month Term

75%

Interest Only

Variable 6.00% Floor

Development

18 Month Term

70%

Interest Only

Variable 6.00% Floor

CONDITIONS:
* Reduce MAX LTV by 5% for investment properties
** Add MIN 0.50% for investment properties
** All rates assume MIN 1.00% Lender Fee to Cinfed Credit Union for New Members; 0.50% Lender Fee to Cinfed Credit Union for Existing Members
- Monthly payments must be set up on automatic debit from a Cinfed share account.
- Rate & Terms, as of 04/28/10,are subject to change without notice; please call for a quote.

LENDING LIMIT: $3,000,000

LENDING AREA: Greater Cincinnati – including Northern Kentucky and Southeast Indiana

DUE DILIGENCE: Cinfed Credit Union will order all Third Party Reports: Title Search, Appraisal & Environmental

SUBMISSION:
Application
Personal Financial Statement
Interim Business Financial Statement
3 Years Tax Returns (Personal & Business)
Collateral Documentation, including current insurance coverage
Additional Documentation requirements may include, but not be limited to the following: Purchase Contract, Leases, Rent Roll, Pro Forma, Asset Verification, Management Resume