LOAN RATES EFFECTIVE 01/08/2009
Rates have ½% discount with automatic payment from an MBC account.

Auto's

Type

690 & Above

689 – 640

639 – 600

599 & Below

Terms

Notes

NEW  2008 - 2009

5.95%

7.50%

8.99%

9.99%

Up to 72 Months

USED 2008 - 2007

5.95%

7.50%

8.99%

9.99%

Up to 72 Months

USED 2006 - 2005

7.24%

8.24%

9.24%

10.24%

Up to 54 Months

USED 2004 - 2003

7.99%

8.99%

9.99%

10.99%

Up to 48 Months

USED 2002 - 2001

12.24%

13.24%

14.24%

14.75%

Up to 42 Months

OLDER

14.75%

14.75%

14.75%

14.75%

Up to 36 Months

Street Bikes

Type

690 & Above

689 – 640

639 – 600

599 & Below

Terms

NEW 2009 - 2008

5.95%

7.50%

8.99%

9.99%

Up to 72 Months

Financing > $10,000

USED 2007-2001

10.50%

11.50%

12.50%

13.50%

Up to 48 Months

Dirt Bikes, ATVs, etc.

Type

690 & Above

689 – 640

639 – 600

599 & Below

Terms

NEW 2009 - 2008

8.25%

9.25%

10.25%

11.25%

Up to 48 Months

USED 2007-2001

14.75%

14.75%

14.75%

14.75%

Up to 36 Months

***Salvage Title Loans are to be written 1% higher than the normal rates above.

Residential Real Estate

Type

690 & Above

689 - 640

639 - 600

599 & Below

Amortized

3 Year Balloon

5.95%

6.70%

6.95%

7.20%

Up to 20 Yrs

80% of purchase price or appraisal (lesser amount)

5 Year Balloon

6.60%

7.20%

7.45%

7.70%

Up to 20 Yrs

5-10 Year Fixed

7.10%

7.70%

7.95%

8.20%

70% of purchase price or appraisal (lesser amount)

10-15 Year Fixed

7.85%

8.45%

8.70%

8.95%

Commercial Real Estate

Type

690 & Above

689 - 640

639 - 600

599 & Below

Amortized

3 Year Balloon

7.10%

7.25%

7.45%

7.70%

Up to 20 Yrs

80% of purchase price or appraisal (lesser amount)

5 Year Balloon

7.60%

7.70%

7.95%

8.20%

Up to 20 Yrs

5 – 10 Year Fixed

8.10%

8.20%

8.45%

8.70%

70% of purchase price or appraisal (lesser amount)

10 -15 Year Fixed

8.75%

8.85%

9.10%

9.35%

Commercial Note Loans

Up to 12 Months = Rate of 4.50% above current 12 Month C.D. Rate

Up to 24 Months = Rate of 5.50% above current 12 Month C.D. Rate

24 Month to 36 Month = Rate of 6.50% above current 12 Month C.D. Rate

Mobile Homes (Installment)

Home Improvement

Type

Type

New (Up to 12 Years)

12.50% APR

Up to 60 Months

10.25%

Used (3Yr / 10 Yr. Max)

13.75% APR

  * Financial statement must be provided if loan is greater than $5000.00

Other Used

17.00% APR

Personal Notes

Installments (Unsecured)

Type

Type

Over $1500

11.75% APR

12 Months

Over $1500.00

14.75%

Under $1500

17.75% APR

12 Months

Under $1500.00

18.00%

Installments (Unsecured)

Type

Over $1500.00

14.75%

Under $1500.00

18.00%

Real Estate Closing Costs and Disclosures

MBC Processing Fee

$225.00

Appraisal Fee

Estimated $200.00 to $300.00 (Residential) or $500+ (Commercial)

Flood Certification Fee

$12.00 to $14.00

Recording Fee

$28.00 for the first 2 pages, $4.00 every page thereafter (estimate)

Construction Loan Fee

$450.00

All Mortgage Loans will be disclosed and charged as listed above.  If there is more than one property, disclose appropriate amount for the title searches, appraisals, etc.

****UCC filing fee $35.00****

***  Age of Titled Vehicle may take priority to establish rate***

*** $50.00 Release Fee for all Mortgage Loans ***

*** $15.00 Fax Fee applies to any payoff requiring faxed response ***

*** $165.00 Processing Fee on all Simple Interest Loans ***

Jackson County tax 7.00%, Title $15.00 (title, memo, lien)

New vehicles:  Sales tax is difference of purchase price and trade-in allowance.     Used cars: Tax on full purchase price.