Fort Knox Federal Credit Union

Fixed Rate First Mortgage
	Member Pays Closing Costs	DDR**	No Closing Costs	DDR**
30 Year	5.875% APR*	5.750%	6.275% APR*		6.150%
20 Year	5.750% APR*	5.625%	6.150% APR*		6.025%
15 Year	5.500% APR*	5.375%	5.900% APR*		5.775%
Rates current as of October 8, 2008. Call x6400 for current rates.

**Direct Deposit Reward - Member can receive a lower rate with Direct Deposit.

Fixed Rate 5 Year Mortgage
	Member Pays Closing Costs	DDR**
60 Month Fixed Rate	5.025% APR*	4.900%
Short Application, No Appraisal, No Inspection, Minimal Closing Costs, Quick Closing
**Direct Deposit Reward - Member can receive a lower rate with Direct Deposit.
Requirements are as follows: 40% equity required (60% of appraised value or the purchase price which ever is less). Must be within a 50 mile redius of any branch and within the state fo Kentucky. Must be a primary residence; a 1-4 family dwelling, and 25 acres or less. Rates current as of October 8, 2008. Call x6400 for current rates. For qualified buyers. Rates are subject to change.

*APR- Annual Percentage Rate.

Raw Land Loan
•30% Equity (finance up to 70% of appraised value)
•Finance up to 25 acres
•Member Pays all related closing costs
•Mortgages within a 50-mile radius of any branch within the state of KY
•Terms up to 15 years
•Interest rate will be 7.95%

Must be for construction of primary residence within a 50 mile radius of either the FKFCU Main Office or the Danville branch, 25 acre limit, without survey Maximum loan amount: $417,000 Down payment: Minimum 10% Interest Rate: Interest rate is .25% over current posted first mortgage rate, member pays closing costs. That is if the member has 20% Equity or 80% appraised value or purchase price, whichever is lower. With 10% Equity, 90% appraised value or purchase price, whichever is lower, the interest rate is .50% over posted first mortgage rate, member pays closing costs Maximum loan to value: 90% (with no PMI) Monthly interest only payments during construction process (generally, 9 months consisting of 5 draws) One time closing and prevailing mortgage rate locked in at time of closing.

(Loans greater than $417,000)
	Member Pays Closing Costs	DDR**	No Closing Costs	DDR**
30 Year	6.375% APR*	6.250%	6.775% APR*	6.650%
20 Year	6.250% APR*	6.125%	6.650% APR*	6.525%
15 Year	6.000% APR*	5.875%	6.400% APR*	6.275%
Rates current as of September 11, 2008. Call x6400 for current rates.

**Direct Deposit Reward - Member can receive a lower rate with Direct Deposit.