> First-Time Home Buyer

¹The interest rate of 3.25% for 3/3 ARM is valid only for qualified first time home buyers paying 1 point. For a 3/3 ARM The rate and payment are fixed for the first 36 months, after which time the rate and payment will adjust every 36 months based on the index and margin, subject to a 2% cap per adjustment period and a lifetime cap of 6% above the initial rate. The APR is variable and may increase after consummation. Based on current market conditions, the monthly payment schedule for 300,000 USD loan on a 400,000 USD property in New York county, on 3/3 ARM with 3.250% and a payment of 1 point in NY would be:

36 payments of 1,305.62 USD at an interest rate of 3.250%
323 payments of 1,382.31 USD at an interest rate of 3.750%
1 payment of 1,383.34 USD at an interest rate of 3.750%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The rate listed is UNFCU's standard rate as of 22 February 2010. The rate may vary depending on each individual's credit history and underwriting factors such as the loan to value ratio. All loan programs, rates, terms and conditions are based on credit worthiness and subject to change at any time without notice.

²Advertised 3.50% rate for 5/1 ARM valid only for qualified first time home buyers paying 1 point. For a 5/1 ARM the rate and payment are fixed for the first 60 months, after which time the rate and payment will adjust annually based on the index and margin and subject to a 2% cap per adjustment period and a lifetime cap of 6% above the initial rate. The APR is variable and may increase after consummation. Based on current market conditions, the monthly payment schedule for 300,000 USD loan on a 400,000 USD property in New York county, on 5/1 ARM with 3.50% and a payment of 1 point in NY would be:

At a 3.50% initial interest rate, the APR for this loan type is 3.122%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

60 payments of $1347.13 USD at an interest rate of 3.50%
299 payments of $1241.35 USD at an interest rate of 2.75%
1 payment of $1240.71 USD at an interest rate of 2.75%

This payment schedule is based on a 300,000 USD loan on a 400,000 USD property in New York county, NY.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The rate listed is UNFCU’s standard rate as of 22 February 2010. The rate may vary depending on each individual’s credit history and underwriting factors such as the loan to value ratio. All loan programs, rates, terms and conditions are based on credit worthiness and subject to change at any time without notice.

All ARM products are variable rate loans and the interest rate may increase after consummation of the loan. First time home buyer applications must be received between 26 February – 30 April 2010 and have a binding contract by 30 April 2010 and close by 30 June 2010 to be eligible for the advertised rates.

> Refinance

³Advertised 3.375% rate for 3/3 Adjustable Rate Mortgage (ARM) rate valid only for refinances of mortgages from a party other than UNFCU paying 1 point. For a 3/3 ARM the rate and payment are fixed for the first 36 months, after which time the rate and payment will adjust every 36 months based on the index and margin, subject to a 2% cap per adjustment period and a lifetime cap of 6% above the initial rate. The APR is variable and may increase after consummation. Based on current market conditions, the monthly payment schedule for 300,000 USD loan on a 400,000 USD property in New York county, on 3/3 ARM with 3.375% and a payment of 1 point in NY would be:

At a 3.375% initial interest rate, the APR for this loan type is 3.781%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

36 payments of 1,326.29 USD at an interest rate of 3.375%
323 payments of 1,384.11 USD at an interest rate of 3.750%
1 payment of 1,384.13 USD at an interest rate of 3.750%

This payment schedule is based on a 300,000 USD loan on a 400,000 USD property in New York county, NY.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The rate listed is UNFCU's standard rate as of 22 February 2010. The rate may vary depending on each individual's credit history and underwriting factors such as the loan to value ratio. All loan programs, rates, terms and conditions are based on credit worthiness and subject to change at any time without notice.

⁴Advertised 3.625% rate for 5/1 ARM valid only for refinances of mortgages from a party other than UNFCU paying 1 point and non-first time home buyers. For a 5/1 ARM the rate and payment are fixed for the first 60 months, after which time the rate and payment will adjust annually based on the index and margin and subject to a 2% cap per adjustment period and a lifetime cap of 6% above the initial rate. The APR is variable and may increase after consummation. Based on current market conditions, the monthly payment schedule for 300,000 USD loan on a 400,000 USD property in New York county, on 5/1 ARM with 3.625% and a payment of 1 point in NY would be:

At a 3.625% initial interest rate, the APR for this loan type is 3.166%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

60 payments of $1368.15USD at an interest rate of 3.625%
299 payments of $1244.00USD at an interest rate of 2.75%
1 payment of $1243.01 USD at an interest rate of 2.75%

This payment schedule is based on a 300,000 USD loan on a 400,000 USD property in New York county, NY.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The rate listed is UNFCU’s standard rate as of 22 February 2010. The rate may vary depending on each individual’s credit history and underwriting factors such as the loan to value ratio. All loan programs, rates, terms and conditions are based on credit worthiness and subject to change at any time without notice.

⁵ UNFCU is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot® is a registered trademark of Homer TLC, Inc. A 500 USD Home Depot Gift Card will be given after the closing to those that obtain a UNFCU 3/3 or 5/1 ARM product as refinance from a party other than UNFCU or a non First Time Home Buyer while supplies last. First time home buyer applications must be received between 26 February - 30 April 2010 and have a binding contract by 30 April 2010 and close by 30 June 2010 to be eligible for the advertised rates and the Home Depot Gift Card. Employees of UNFCU, its affiliates, volunteers, subsidiaries, advertising agencies, party vendors and their family members and/or those living in the same household of each are not eligible for the gift card. All federal, state, and local laws and regulations apply. Any and all federal, state and local taxes are the sole responsibility of the individual(s) who receive the gift card.