March 16, 2003               Last Upgrade:  January 31, 2003                    
   
 STATE
   
 PROGRAM
        Rates Last Updated on February 13, 2003 @ 8:50AM                    
                   
 
    RATE INFORMATION                      
     LOAN TYPE      CUSTOMER   AMORTIZED       TIER TIER TIER                    
         
 
    360      
 
 
 
                   
     PROPERTY TYPE      RATE LOCK  RATE TIER     #1 #2 #3 #4                    
         
 
        RATE 5.500% 5.750% 6.000% 6.250%                    
     PROPERTY USE      PROMOTIONS       ORIGINATION FEE 1.000% 1.000% -0.125% -0.875%                    
                    DISCOUNT POINTS 1.250% 0.000% 0.000% 0.000%                    
     NUMBER OF UNITS      RESERVES   CREDIT   A.P.R. 5.756% 5.891% 6.037% 6.216%                    
         
 
    0   Principal & Interest $681.35 $700.29 $719.47 $738.87                    
     MORTGAGE SPECIALIST   ESTIMATED FUNDING DATE   PITI $918.85 $937.79 $956.97 $976.37                    
          4/29/2003
CLEAR
ANALYSIS
LETTER
 
  FUNDS NEEDED $36,016 $34,518 $33,169 $32,271                    
      FRONT BACK            ***SEE NOTES SHEET***                     
    SPECIFIC LOAN AMOUNT 33.00% 40.00% MAXIMUM LOAN AMOUNT     CLIENT INFORMATION BRANCH INFORMATION                    
    $150,000 PURCHASE PRICE $148,800   NAME Roger Smith                      
    $120,000 LOAN AMOUNT $126,450   ADDRESS PO Box 3236                      
    80.00% LOAN-TO-VALUE 85.00%   CITY/ST/ZIP Sunriver, OR 97707                      
    $2,784 GROSS INCOME $3,000   PHONE 541-593-1756                      
    $195 MAXIMUM DEBT $175   FAX 541-593-1756