BANKNORTH MORTGAGE COMPANY TEL 800-358-2651/FAX 802-527-8405 12 NORTH MAIN ST, ST. ALBANS UPDATED SEPT 28, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED 7.500 7.758 30YR 2.0 5% FIXED 7.125 7.532 15YR 2.0 5% FIXED 7.875 8.031 30YR 1.0 5% FIXED 8.125 8.176 30YR 0.0 5% FIXED 7.625 7.867 15YR 1.0 5% FIXED 8.000 8.079 15YR 0.0 5% 1 YR ARM 7.625 8.907 30YR 0.0 2/6 10% ******************************************************************************** CENTAX MORTGAGE CO. 846-2891 PO BOX 1357, WILLISTON, VT 05495 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% FIXED N/A N/A 30YR 0.0 5% FIXED N/A N/A 15YR 0.0 5% 1YR ARM N/A N/A 30YR 0.0 5% **************************************************************************** CHARTER ONE 985-9135 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PAYMENT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% FIXED N/A N/A 30YR 0.0 N/A 5% FIXED N/A N/A 15YR 0.0 N/A 5% 1 YR ARM N/A N/A 30YR 0.0 2/6 5% 3/1 ARM N/A N/A 30YR 0.0 3/2/6 5% 5/1 ARM N/A N/A 30YR 0.0 3/2/6 5% ****************************************************************************** CHITTENDEN BANK 658-4000 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% FIXED N/A N/A 30YR 0.0 5% FIXED N/A N/A 15YR 0.0 5% ************************************************************************** DIRECT FINANCIAL SERVICES,INC. 879-8762 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% ******************************************************************************** EXPRESS MORTGAGE 864-9093 550 HINESBURG ROAD, S.BURLINGTON, VT 05403 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2 5% FIXED N/A N/A 15YR 2 5% FIXED N/A N/A 30YR 0 5% FIXED N/A N/A 15YR 0 5% EXPRESS MORTGAGE HAS ELIMINATED ALL "JUNK" FEES FROM OUR CLOSINGS. LOAN AMOUNTS UNDER $50,000 CALL FOR QUOTES. CHECK OUT THE 12 DIFFERENT NO. DOC PROGRAMS WE OFFER. ***************************************************************************** FRANKLIN-LAMOILLE BANK 12 N. MAIN ST., ST. ALBANS TEL 527-5252/800-358-2651/FAX 527-8405 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED 7.625 7.885 30YR 2.0 5% FIXED 7.250 7.658 15YR 2.0 5% FIXED 7.875 8.031 30YR 1.0 5% FIXED 7.125 8.176 30YR 0.0 5% FIXED 7.625 7.869 15YR 1.0 5% FIXED 8.000 8.079 15YR 0.0 5% 1 YR ARM 7.625 8.907 30YR 0.0 2/6 10% ******************************************************************************** GMAC MORTGAGE 800-420-4622 UPDATED AUG. 231 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% FIXED N/A N/A 30YR 0.0 FIXED N/A N/A 15YR 0.0 ******************************************************************************** HORIZON FINANCIAL MORTGAGE 879-8105 UPDATED AUG 31., 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% FIXED N/A N/A 30YR 0.0 3% FIXED N/A N/A 30YR 0.0 5% *********************************************************************** HOWARD BANK 111 MAIN STREET,P.O. BOX 5119, BURLINGTON TEL 860-4040 FAX 865-3748 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED 7.625 7.885 30YR 2 5% FIXED 7.250 7.658 15YR 2 5% FIXED 7.875 8.031 30YR 1.0 5% FIXED 8.125 8.176 30YR 0.0 5% FIXED 7.625 7.869 15YR 1.0 5% FIXED 8.000 8.079 15YR 0.0 5% 1 YR ARM 7.625 8.907 30YR 0.0 2/6 10% ************************************************************************* KITTREDGE MORTGAGE CORPORATION 658-5145 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED 7.625 7.87 30YR 2.0 N/A 5% FIXED 7.250 7.63 15YR 2.0 N/A 5% 2ND HOMES SAME RATES AND POINTS 90% LTV NON OWNER OCCUPIED FIXED 7.875 8.14 30YR 2.5 N/A 30% 115 LOCK AVAILABLE. IF PMI IS REQUIRED, APR'S WILL BE HIGHER. 90% LTV INVESTMENT PURCHASE AVAILABLE. 95% LTV ARM'S AND/OR CONDOS AVAIL. **************************************************************************** LYNDONVILLE SAVINGS & TRUST CO. 933-8500 PO BOX 469 ENOSBURG FALLS, VT 05450 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE ARM TERM PTS DOWN PMT FIXED N/A N/A 30YR 2 5% FIXED N/A N/A 15YR 2 5% FIXED N/A N/A 30YR 0 5% FIXED N/A N/A 15YR 0 5% 1YR ARM N/A N/A 30YR 0 5% *************************************************************************** MERCHANTS BANK 658-3400 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE RATE RATE APR TERM PTS DOWN PMT FIXED 7.750 7.961 16-30YR 2.0 20% FIXED 8.250 8.250 16-30YR 0.0 20% FIXED 7.500 7.831 5-15YR 2.0 20% FIXED 8.000 8.000 5-15YR 0.0 20% 1YR ARM* 6.125 8.259 5-30YR 1.5 1/5 20% *************************************************************************** MORTGAGE FINANCIAL SERVICES,INC. 655-5599 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED 8.125 8.14 30YR 0.0 5% FIXED 7.625 7.83 30YR 2.0 5% FIXED 7.875 7.89 15YR 0.0 5% 1YR ARM 7.000 8.12 30YR 2.0 2/6 5% 5YR ARM 7.625 8.21 30YR 2.0 5/2/5 5% ******************************************************************************** NEW ENGLAND FEDERAL CREDIT UNION 879-8775 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% LOCK-IN POLICY: 60 DAY PURCHASE, 30 DAY REFINANCE, 1 POINT REQUIRED UP FRONT. RATIOS ARE DEPENDENT ON PROGRAM SELECTION. ******************************************************************************** NORTHCOUNTRY FEDERAL CREDIT UNION 657-6847 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% **************************************************************************** NORTHFIELD SAVINGS BANK 800-672-2274 UPDATED AUG 31., 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED N/A N/A 30YR 2 10% FIXED N/A N/A 15YR 2 10% FIXED N/A N/A 30YR 0.0 N/A 10% FIXED N/A N/A 15YR 0.0 N/A 10% 1YR ARM N/A N/A 30YR 0.0 1.5/4 10% 5YR ARM N/A N/A 30YR 0.0 1.5/4 10% RATE LOCK-IN AVAILABLE. GENERAL QUALIFYING RATIOS-28/36, EXEPTIONS AVAILABLE. WE PROVIDE BOTH SALEABLE AND PORTFOLIO FINANCING. CALL US FOR THE PORTFOLIO RATES. COMMON SENSE IS OUR SPECIALTY. ************************************************************************ SOURCE ONE MORTGAGE 862-9300 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 N/A 5% FIXED N/A N/A 15YR 2.0 N/A 5% FIXED N/A N/A 30YR 0.0 N/A 5% FIXED N/A N/A 15YR 0.0 N/A 5% 5-1 ARM N/A N/A 30YR 0.0 N/A 3-1 ARM N/A N/A 30YR 0.0 N/A 10% 1 YR ARM N/A N/A 30YR 1.0 N/A 10% *************************************************************************** SPRUCE MORTGAGE 863-8816 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.0 N/A 5% FIXED N/A N/A 15YR 2.0 N/A 5% **************************************************************************** SUMMIT FINANCIAL CENTER, INC. 863-0403 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2 N/A 5% FIXED N/A N/A 15YR 2 N/A 5% 5/1 ARM N/A N/A 30YR 0.75 N/A 5% 1YR ARM N/A N/A 30YR 1.00 N/A 10% ALL RATES QUOTED WITH 30 DAY RATE LOCK. RATES SUBJECT TO CHANGE W/O NOTICE. MANY OTHER PROGRAMS AVAIL, INCLUDING NO-DOC & PORTFOLIO CALL 863-0403 FOR MOST CURRENT RATES & DETAILS ON ALL PRODUCTS.\ ****************************************************************************** UNIVERSAL MORTGAGE CORP 754-7896 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED N/A N/A 30YR 2.00 N/A 5% FIXED N/A N/A 30YR 0.00 N/A 5% FIXED N/A N/A 15YR 2.00 N/A 5% FIXED N/A N/A 15YR 0.00 N/A 5% FHA FX N/A N/A 30YR 1.00 N/A 3% FHA ARM N/A N/A 30YR 1.00 1&5 3% CONV ARM N/A N/A 30YR 2.00 2&6 5% **************************************************************************** VERMONT FEDERAL CREDIT UNION 658-0151 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT FIXED 7.625 7.830 30YR 2 5% FIXED 7.375 7.700 15YR 2 5% CAP RATE BY ADDING .25% & RECEIVE BENEFIT OF POSSIBLE LOWER RATE AT CLOSING. REALTORS: PLEASE BE SURE TO ASK YOUR CLIENT IF THEY ARE MEMBERS OF VFCU OR IF THEY MEET ELIGIBILITY REQUIREMENTS. THEY MAY CONTACT NANCY AT 658-0151 FOR ELIGIBILITY REQUIREMENTS. ******************************************************************************** VERMONT HOUSING FINANCE AGENCY 864-5743 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMNT MOVE 6.50 N/A 30YR 1.0 N/A 5% MOVE 6.70 N/A 30YR 0.0 N/A 5% VERMONT HOUSING FINANCE ASSOCIATION: VHFA-ELIGIBLE BORROWERS MUST MEET INCOME AND PURCHASE PRICE GUIDELINES;FIRST-TIME BUYER REQUIREMENTS MAY APPLY. *******************************************************************************8 VERMONT STATE EMPLOYEES CREDIT UNION 371-5164 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED N/A N/A 30YR 2 5% FIXED N/A N/A 30YR 0 5% FIXED N/A N/A 15YR 2 5% FIXED N/A N/A 15YR 0 1YR ARM N/A N/A 30YR 0 2/6 5% *******************************************************************************8 WELLS FARGO HOME MORTGAGE 879-3559 UPDATED AUG. 31, 2000 RATES SUBJECT TO CHANGE WITHOUT NOTICE TYPE RATE APR TERM PTS CAPS DOWN PMT FIXED N/A N/A 30YR 2.0 5% FIXED N/A N/A 15YR 2.0 5% FIXED N/A N/A 30YR 0.0 5% FIXED N/A N/A 15YR 0.0 5% 1YR ARM N/A N/A 30YR 0.0 5% ****************************************************************************** Turn local capture off now. 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