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Key Rates (Rates effective as of September 5, 2008)
Loan Program	Rate (%)	Points (%)	APR (%)
30 Year Fixed (Conforming)	6.375	0.000	6.430
15 Year Fixed (Conforming)	6.000	0.000	6.089
3/1 ARM (Conforming)	6.625	.25	6.705
5/1 ARM (Conforming)	6.500	0.000	6.555
30 Year Fixed (Non-Conforming)	8.500	2.875	8.828
15 Year Fixed (Non-Conforming)	8.250	2.000	8.608
3/1 ARM (Non-Conforming)	7.750	0.000	7.766
5/1 ARM (Non-Conforming)	8.125	0.000	8.142
FHA 30 Year Fixed	6.000	0.000	6.052
VA 30 Year Fixed	6.000	0.000	6.052

*Rates subject to change without notice

*APR is Annual Percentage Rate.
Rates are subject to change without notice and are dependent upon credit rating.

Rates stated above are based on loan amounts of $100,000, single family, owner-occupied properties with a loan value of 80 % or less. Rates may change prior to lock-in and are not guaranteed until a written confirmation is received from Bay Bank & Trust Co.

Following are two APR examples. Disclosures for specific loan requests will be provided upon receipt of application.

Fixed Rate Mortgage Example:

Loan Amount $100,000: Term 30 years, Rate 6%; Points 0%; Annual Percentage Rate 6.084%; Principal and Interest Payments: 359 @ $599.55 and 1 @ $600.04.

Adjustable Rate Mortgage (ARM) 3/1 Example:

Loan Amount $100,000; Term 30 Years; Initial Rate 5.75%; Points 0%; Annual Percentage Rate 6.29%; Principal and Interest Payments: 36 @ $583.57; 323 @ $613.51; and 1 @ $612.59. Due to the variable interest rate feature of this loan, your payments could range minimum of $375.90 to a maximum of $1,028.61.

The above rates may not display through the other features of our web site (i.e. Pre Qualify, Free Consultation, ...etc.). For more information regarding the rates shown above, please call us at 850-784-2335.

Please send mail to mmanning@baybankandtrust.com with questions or comments about this web site. Security Statement.

Bay Bank & Trust Co lends in Bay County and contiguous counties.
Loan applications outside of Bay, Calhoun, Gulf, Jackson, Walton or
Washington County will not be processed.

All loans provided by our residential mortgage department are through the secondary market. For more information contact our residential mortgage department at (850) 784-2335.