Disclosures

General:

APR = Annual Percentage Rate.

APRs effective as of date and based on a Loan-to-Value (LTV) of 80%. If LTV exceeds 80%, private mortgage insurance may be required and APRs will be higher.

Terms and rates subject to change without notice.

A Loan Level Price Adjustment (LLPA) may be charged on fixed rate loans based upon your credit score and/or Combined Loan-to-Value (CLTV).

Payment information does not include amounts for taxes and insurance premiums; if applicable, actual payment obligation will be greater.

Loans with less than 20% down payment may require private mortgage insurance (private mortgage insurance is not available for second mortgages through VSECU).

Additional Information for Adjustable Rate Mortgage (ARM) loans:

The Interest Rate Index is the weekly average on U.S. Treasury Securities adjusted to a constant maturity of one year as made available by the Federal Reserve Bank and published in the Wall Street Journal.

The margin on ARM loans are as follows: One-year = 2.75%; Lot Loan = 4.00%; Non-conforming 5/1 = 3.875%; 3/1, 5/1, 7/1, and 5/1 Jumbo = 2.875%. ARMs may have an initial discount or premium rate.

Interest rates and payments may increase after consummation. After the initial fixed rate period, your interest rate can change annually and any change will impact your monthly payment.

Additional Information for Construction Loans:

Interest only due monthly on amount drawn for 11 months with a balloon payment of the outstanding principal balance due at maturity.

Additional Information for Home Equity Lines of Credit (HELOC); Home Equity Loans; and Energy Improvement Home Equity Loans:

HELOCs:

Variable rates valid as of date.

Monthly rate is tied to the variable Prime Rate as published in the Wall Street Journal and is equal to Prime Rate and a margin (based on your credit history) and may increase after consummation. Maximum APR is 18.00%; floor APR is 2.750%. Term noted is used solely to determine periodic payments; this is an open-end loan agreement.

Rates listed are “as low as” and may vary based on an evaluation of your credit.

Minimum line of credit is $5,000.

Total maximum that can be borrowed is $250,000 when using the appraised value, or when using the tax assessed value and borrowing 50% or less of the value of the home.

Total maximum amount that can be borrowed when using the tax assessed value and borrowing up to 75% of the value of the home is $150,000.

VSECU may cover closing costs up to $525. If HELOC is closed within 3 years of consummation, borrower(s) is/are responsible to refund VSECU the closing costs.

Home Equity Loans; and Energy Improvement Home Equity Loans:

Rates listed are “as low as” and may vary based on an evaluation of your credit.

Minimum loan is $5,000.

Total maximum that can be borrowed is $250,000 when using the appraised value, or when using the tax assessed value and borrowing 50% or less of the value of the home.

Total maximum amount that can be borrowed when using the tax assessed value and borrowing up to 75% of the value of the home is $150,000.

For Energy Improvement Home Equity Loans: Loans with terms greater than 15 years or 90% loan-to-value will require an appraisal.

Other charges may be imposed, including: a properly appraisal fee of $450; a title update fee of $100 to $400; and a late fee of 5% of the payment (which may be charged for payment more than 15 days late).

Discounted Energy Improvement Home Equity Loans — total maximum amount that can be borrowed is $250,000 or 90% loan-to-value, whichever is less.

Longer Term Energy Improvement Home Equity Loans — total maximum amount that can be borrowed is $250,000 or 100% loan-to-value, whichever is less.