Effective date May 2, 2008

BACK-END RATIO OF 40% IS MAXIMUM FOR FIRST UNITED BANK CREDIT SCORE REQUIRED AT FIRST UNITED BANK IS 680 OR HIGHER

NOTE: EXCEPTION TO DEBT TO INCOME AND CREDIT SCORE ON SMALL DOLLAR PERSONAL LOANS PROGRAM

AUTO RATES - WE DO NOT FINANCE VEHICLES OLDER THAN THREE YEARS

	Year	Rate/APR	Term
New	2008	6.35%	3 years
		6.50%	4 years
		6.75%	5 years
Used	2007	6.90%	3 years
		7.00%	4 years
		7.25%	5 years
	2006	7.50%	3 years

*Add 1/4% if not on automatic debit

UNDERWRITTEN USING A FIXED RATE OF 7.00% OVER 15 YEARS

Loan Amounts	LTV	Rate	APR	Term
$  5,000 - $49,999	80%	Prime – ½%	4.50%	7 years
$50,000 and over	80%	Prime -1%	4.00%	7 years

* No initial fees, only $40.00 annual fee.
* Rate will not exceed 18% or go below 4.00% at any time during the term of the loan (new loans only)
* Loans over $250,000 require a title policy, flood determination and full appraisal; at the customers expense
* Line must remain open for at least 2 years or a $350 cancellation fee will be assessed
* Add 1/2% if not on automatic debit

NEW CUSTOMERS OR EXISTING CUSTOMERS WITH NEW MONEY REQUESTS

*

Loan Amounts	LTV	Rate/APR	Term
$10,000 and over	80%	6.00%	3 years
$10,000 and over	80%	5.99%	5 years
$10,000 and over	80%	6.25%	7 years
$10,000 and over	80%	6.50%	10 years

Loans over $250,000 require a title policy, flood determination, and limited appraisal; at the customers expense
* Add ½% if not on automatic debit

NEW CUSTOMERS OR EXISTING CUSTOMERS WITH NEW MONEY REQUESTS

Loan Amounts	LTV	Rate/APR	Term – Balloon
$10,000 and over	80%	6.25%	3 year balloon / 20 year amortization
$10,000 and over	80%	5.99%	5 year balloon / 20 year amortization
$10,000 and over	80%	6.50%	7 year balloon / 20 year amortization
$10,000 and over	80%	6.50%	10 year balloon / 20 year amortization

* Loans over $250,000 require a title policy, flood determination, and limited appraisal; at the customers expense
* Add ½% if not on automatic debit

SAVINGS:
3.00% Over CD or Savings rate. APR is consistent with current CD or Savings Rate plus 3%.
Based on a loan amount of $5,000 with a 12 month CD rate at 5.75%, the payment would be $436.68 with an effective APR of 8.75%.

UNSECURED LOANS
15%, 2 year maximum amortization, $5,000 Minimum, $200.00 closing fee, paid at application.
Based on a loan amount of $5,000 at a rate of 15% over 2 years, the payment would be $242.44 with an effective APR of 19.202%.

FULLY IMPROVED RESIDENTIAL LOTS
6.50%, Closing Fee $750.00, Maturity 1-3 years, amortization up to 20 years with 25% down.
Based on a loan amount of $75,000 at a rate of 6.50% over 3 years, 20 year amortization, the payment would be $559.29 with an effective APR of 6.630%.

CONSTRUCTION LOANS
Prime + 1/2% Floating, No Floor, Closing Fee $1,000.00 plus $75.00 per inspection, with a maximum maturity of 12 months Based on a loan amount of $225,000 at a rate of 5.75% over 12 months, the payment of interest only would be $1,098.95 with an effective APR of 6.914%.

ANY OWNER/GENERAL CONTRACTOR MUST BE APPROVED BY CHIEF LENDING OFFICER

PERSONAL LOANS (SMALL DOLLAR PERSONAL LOAN PROGRAM) - $100,000 AVAILABLE
ACCESS TO FINANCIAL EDUCATION TO ASSIST WITH ASSET BUILDING)

Loan Amounts	Rate/APR	Term	Criteria
Unsecured
$500 - $1,000	15.00%	2 yrs	· Minimum credit score of 600; if joint applicants- the applicant with the highest middle credit score is taken to render decision. · Debt to income underwriting criteria shall not apply. · Minimum 1 year on the job or in the same line of work or profession.
$1,001 - $4,999.99	15.00%	Max. 3 yrs
Secured
$500 - $1,000	13.00%	Max 3 yrs	· Minimum credit score of 590; if joint applicants- the applicant with the highest middle credit score is taken to render decision. · Debt to income underwriting criteria shall not apply. · Minimum 1 year on the job or in the same line of work or profession. · FUB Savings or CD secured (2.00% over savings or CD rate). · Vehicle title (’00-’07) title free and clear. · Determine maximum loan amount & loan value by utilizing the NADA Official Used Car Guide. · Other acceptable collateral with free and clear lien status (boat or motorcycle title ’05 –current). NADA loan value to be used to determine the maximum loan amount.
$1,001 - $4,999.99	13.00%	Max. 4 yrs

* Credit Application signed and dated
* No prepayment penalty
* Add 1/2% if not on automatic debit

**APR refers to Annual Percentage Rate**

EXCEPTIONS TO BE REVIEWED AND APPROVED BY CHIEF LENDING OFFICER

RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE