LAND LOANS
	VARIABLE RATE ONLY
	NO POINTS
	Owner Occupied - Loan to Value Ration of 80%
	Non-Owner Occupied - Loan to Value Ratio of 75%
					INITIAL MONTHLY PAYMENT
	CATEGORY	RATE	APR	TERM	PER $1,000
	1 yr. variable	6.00%	7.66%	180 months	$8.44
	(Index = 1 yr. T-Bill) Payment may vary after one year.
	3 yr. variable	7.00%	7.56%	180 months	$8.99
	(Index = 3 yr.T-Bill) Payment may vary after 3 years.
	1 and 3 year variable rates have margins of 3.25% and Caps of +/- 2.0% per review and 6.0% lifetime.
	5 yr. variable	7.50%	7.66%	180 months	$9.27
	(Index = 5 yr. T-Bill) Payment may vary after five years.
	5 year variable rates have margins of 3.25% and Caps of +/- 3.0% per review and 6.0% lifetime.
	APR based on a loan amount of $25,000.00. Application fee of $300.00.
	ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE.
	SUBJECT TO CREDIT APPROVAL
Member FDIC.         Equal Housing Lender.    www. chelseagroton.com    Rates effective 03/15/06