Current Rates as of August 5, 2008

Conforming Loans	Jumbo Loans
30 Year	30 Year
6.375% + 0	7.875% + 0
6.125% + 1	7.625% + 1
15 Year	15 Year
6.000% + 0	7.375% + 0
5.750% + 1	7.125% + 1
3 Year ARM	3 Year ARM
6.125% + 1	6.500% + 1
5 Year ARM	5 Year ARM
6.375% + 0	6.750% + 1
INTEREST ONLY MONTHLY PAYMENT PROGRAMS
3/1 Interest Only LIBOR ARM (50,000.00-417,000.00)	5/1 Interest Only LIBOR ARM (50,000.00-417,000.00)
6.125% + 0	6.375% + 0
7/1 Interest Only LIBOR ARM (50,000.00-417,000.00)	10/1 Interest Only LIBOR ARM (50,000.00-417,000.00)
6.625% + 0	7.125% + 1
3/1 Interest Only LIBOR ARM (417,001.00-1,000,000.00)	5/1 Interest Only LIBOR ARM (417,001.00-1,000,000.00)
6.500% + 0	6.750% +0
7/1 Interest Only LIBOR ARM (417,001.00-1,000,000.00)	10/1 Interest Only LIBOR ARM (417,001.00-1,000,000.00)
7.125% + 0	7.625% + 1
CONSTRUCTION / PERMANENTS, LOT LOANS, 95% SECOND HOMES, 90% INVESTORS, 1031 TAX FREE EXCHANGES, SUPER JUMBOS $1,000,000.00 - $4,000, 000.00 (LOANS OVER $1,000,000.00 REQUIRE A SPECIAL QUOTE)
LOT LOANS - 90% Loan To Value 95% LTV Lot Loans/Construction - Permanent Loans 85% Second Homes, 90% Investor Loans
TERM OF LOAN	INTEREST RATE
12 Month Interest Only-Fixed	7.800%
24 Month Interest Only-Fixed	8.180%
36 Month Interest Only-Fixed	8.430%
3 Year Balloon	8.430%
5 Year Balloon	8.550%
10 Year Principle & Interest	8.680%
90% Loan to Value Lot Loans Available 95% LTV Lot Loans/Construction - Permanent Loans 95% Second Homes 90% Investor Loans 25 AND 30 YEAR AMORITIZATIONS AVAILABLE All Quotes Include Origination Fee Call David Joynerfor Details 252.261.1100 or 800.813.2650 Free Pre-approvals Serving the Outer Banks from Carova to Ocracoke All rates subject to change without notice