Adjustable Rate Mortgage (ARM) Application Kit

Transcription

1 Adjustable Rate Mortgage (ARM) Application Kit Thank you for your interest in Columbia Bank s mortgage products. To help expedite the processing of your loan application, please be sure that: You review the application instructions carefully, Your application package is fully completed and signed, All of the forms and disclosures in the application kit are completed and signed, The required documentation (as outlined in the Application Instructions) is included with your application submission, You download and review the following booklet: Federal Reserve Brochure: Consumer Handbook on Adjustable Rate Mortgages If you would prefer us to mail you a copy of this booklet, please contact us at Your completed application package is forwarded to: Columbia Bank Attn: Mortgage Dept Route 208 North Fair Lawn, NJ References to other resources that you may find useful are included below: Federal Reserve Brochure: 5 Tips for Shopping for a Mortgage Federal Reserve Brochure: A Consumer's Guide to Mortgage Refinancings Federal Reserve Brochure: A Consumer's Guide to Mortgage Lock-Ins Federal Reserve Brochure: A Consumer's Guide to Mortgage Settlement Costs If you have any questions, please contact us at and we will be happy to assist you. Thank you for the opportunity to serve you.

2 APPLICATION INSTRUCTIONS IF YOU HAVE ANY QUESTIONS PLEASE CONTACT US AT: IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver s license or other identifying documents. To help expedite the processing of your loan application, please complete the following checklist and provide the required documentation with your application submission. Please check the corresponding box indicating that the information is enclosed or mark the box with a N/A if the item is not applicable. We will not be able to process an incomplete loan application. 1 Your application should be completed in its entirety and signed. Please print clearly or type. 2 You should review, sign and date the appropriate adjustable rate mortgage (ARM) Disclosure Form. Please note that you only need to complete the ARM Disclosure Form for the product that you are applying for. 3 Please complete, sign and date all of the enclosed forms. To help expedite the processing of your application, if you wish for us to communicate electronically, you must complete the Consent to Receive Electronic Communications form and return with your application submission. 4 Please sign the Verification Authorization (in all three sections). 5 Please sign and date the Interest Rate Lock-In Policy and Agreement Acknowledgement. Please note this form needs to be completed regardless of whether you wish to lock in your interest rate. 6 Please complete the Property Description Sheet. Please be sure to furnish all of the necessary information. Please advise the Contact Person that the appraiser will be contacting him / her about the appraisal (as access to the property may be required). 7 Please submit an executed final copy of the sales contact (including all addendums and attachments). This requirement is only applicable if you are purchasing a property. If the transaction is a refinance, and you do not currently have your mortgage with Columbia Bank, please submit a copy of your tax bill and homeowner s insurance bill. 8 If you are selling your current residence, please submit a executed final copy of the sales contract. 9 If you are self employed please submit complete and signed copies of your federal tax returns (both personal and business returns) for the two most recent years. Please be sure that the tax returns are signed and that they include all schedules and addendums. 10 If you are not self employed please submit copies of your W-2 s for the two most recent years. Please note that if your employer participates in the work number for employment verification services, you will be required to provide us with a salary key code in order to verify your income. If you have retirement income or investment income, we will require proof of that income. 11 Please submit consecutive copies of your pay stubs for the two most recent pay periods. 12 Please be sure that each applicant and co-applicant signs the enclosed IRS 4506T form. This form will be used to request transcripts of your tax returns from the IRS. If the applicant and co-applicant did not file a joint tax return, you will need to print and complete an additional copy of this form. 13 Please submit complete copies of your two most recent statements for all accounts (e.g., bank, brokerage, 401K, etc.) listed on your application. 14 If you own additional properties including a vacation residence or investment property please submit a copy of your tax bill and insurance bill for each property. V 1/11 Page 1 of 3

3 15 Please forward all of the above noted information to: Columbia Bank Attn: Mortgage Dept Route 208 North Fair Lawn, NJ Columbia Bank reserves the right to request additional information to process your loan application. FEE INFORMATION Single Family Properties 2-4 Family Properties Payable When Application Fee $0.00 $0.00 N/A Flood Certification Fee $10.00 $10.00 Once you receive your disclosures and provide us with your Intent to Proceed with the application. Appraisal Fee (1) $ (Except FHA Loans) $ (for FHA Loans) $ (Except FHA Loans) $ (for FHA Loans) Lock in or commitment, whichever occurs first. Credit Report Fee (2) $18.70 Joint (Same Address) $18.70 Joint (Same Address) Lock in or commitment, Real Estate Tax Service Fee (3) (Not applicable for FHA loans) $10.35 Individual $10.70 Individual whichever occurs first. $88.00 $88.00 Payable at closing. (1) For loan amounts of $750,000 to $1,500,000, the fee will be $ For loan amounts greater than $1,500,000, 2 appraisals will be ordered. The appraisal fee for loan amounts greater than $1,500,000 will be $1, (2) For each additional applicant beyond an individual or married joint, an additional Credit Report Fee will be charged as noted above. For each business credit report, the fee is $ (3) Or $44.00 if you are refinancing your Columbia Bank first mortgage. For the Tax Service Fee on loans greater than $499,999.99, please ask your mortgage representative. There is no Tax Service Fee for FHA loans. The above fees are not refundable and subject to change at any time. V 1/11 Page 2 of 3

4 FREQUENTLY ASKED QUESTIONS WHAT TO DO NOW? Please review your entire application package making sure that all of the required forms are properly completed and that all of the requested information (as outlined in the Application Instructions) is included in your application submission. This will help us process your loan request in a timelier manner. WHAT IS THE NEXT STEP? Shortly after we receive your loan application package, we will issue you a Good Faith Estimate (GFE) and Truth in Lending (TIL) disclosure. If you would like to proceed with your loan application, once you receive these disclosures you should: 1. Review these disclosures carefully, 2. Sign the Certificate of Receipt of Good Faith Estimate and Intent to Proceed (Intent to Proceed) form, 3. Return the signed form with the required fees. IMPORTANT: Please be advised that we will not be able to process your loan request unless you return the Intent to Proceed form along with the required fees. The earliest you may submit these items is seven (7) business days from Columbia Bank s receipt of the application. WHEN CAN I LOCK MY RATE? Columbia Bank will set your interest rate on the day that we receive your application. The earliest that you may lock your interest rate is the 7 th business day (Saturday is considered a business day) from the date we receive your application. If you do not choose to lock in your rate by the 10 th business day of the date that we received your application, your interest rate will float. You may then elect to lock in your interest rate at any time prior to commitment. HOW CAN I LOCK MY RATE? To lock in your rate please perform the following actions: 1. Review the enclosed Interest Rate Lock-In Policy and Agreement. 2. Complete page three (3) signing where indicated, 3. Please be sure to submit the required lock-in fee 4. Please return the form and the required fees to Columbia Bank. WHO CAN I CALL FOR HELP? If you have any questions, or need any assistance in completing your loan application package, please contact us at to speak with someone in our customer service area. Monday through Friday Saturday and Sunday 7:00 am to 9:00 pm (EST) 8:00 am to 4:00 pm (EST) V 1/11 Page 3 of 3

5 Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower information must also be provided (and the appropriate box checked) when the income or assets of a person other than the Borrower (including the Borrower s spouse) will be used as a basis for loan qualification or the income or assets of the Borrower s spouse or other person who has community property rights pursuant to state law will not be used as a basis for loan qualification, but his or her liabilities must be considered because the spouse or other person has community property rights pursuant to applicable law and Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan. If this is an application for joint credit, Borrower and Co-Borrower each agree that we intend to apply for joint credit (sign below). Borrower Mortgage VA Conventional Other (explain): Applied for: FHA USDA/Rural Housing Service Amount $ Interest Rate % Co-Borrower I. TYPE OF MORTGAGE AND TERMS OF LOAN Agency Case Number No. of Months Amortization Fixed Rate Other (explain): Type: GPM ARM (type): II. PROPERTY INFORMATION AND PURPOSE OF LOAN Subject Property Address (street, city, state, & ZIP) County: Legal Description of Subject Property (attach description if necessary) Lender Case Number No. of Units Year Built Purpose of Loan: Purchase Construction Other (explain): Property will be: Refinance Construction-Permanent Primary Secondary Investment Residence Residence Complete this line if construction or construction-permanent loan. Year Lot Acquired Original Cost $ Amount Existing Liens $ (a) Present Value of Lot $ (b) Cost of Improvements $ Total (a+b) $ Complete this line if this is a refinance loan. Year Acquired Original Cost Amount Existing Liens Purpose of Refinance Describe Improvements made to be made $ $ Cost $ Title will be held in what Name(s) Manner in which Title will be held Source of Down Payment, Settlement Charges and/or Subordinate Financing (explain) Estate will be held in: Fee Simple Leasehold (show expiration date) Borrower III. BORROWER INFORMATION Co-Borrower Borrower s Name (include Jr. or Sr. if applicable) Co-Borrower s Name (include Jr. or Sr. if applicable) Social Security Number Home Phone (incl. area code) DOB (MM/DD/YYYY) Yrs. School Social Security Number Home Phone (incl. area code) DOB (MM/DD/YYYY) Yrs. School // // Married Unmarried (include single, Dependents (not listed by Co-Borrower) Married Unmarried (include single Dependents (not listed by Borrower) divorced, widowed) no. ages divorced, widowed) Separated Separated no. ages Present Address (street, city, state, ZIP) Own Rent No. Yrs. Present Address (street, city, state, ZIP) Own Rent No. Yrs. Mailing Address, if different from Present Address Mailing Address, if different from Present Address If residing at present address for less than two years, complete the following: Former Address (street, city, state, ZIP) Own Rent No. Yrs. Former Address (street, city, state, ZIP) Own Rent No. Yrs. Name & Address of Employer Borrower IV. EMPLOYMENT INFORMATION Co-Borrower Self Employed Yrs. on this job Yrs. employed in this line of work/profession Name & Address of Employer Self Employed Yrs. on this job Yrs. employed in this line of work/profession Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) If employed in current position for less than two years or if currently employed in more than one position, complete the following: Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 1 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 1 (Letter) ~ 04/2010 ~ Encompass360 TM

6 Borrower IV. EMPLOYMENT INFORMATION Co-Borrower Name & Address of Employer Self Employed Dates (from-to) Name & Address of Employer Self Employed Dates (from-to) Monthly Income Monthly Income $ $ Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) Name & Address of Employer Self Employed Dates (from-to) Name & Address of Employer Self Employed Dates (from-to) Monthly Income Monthly Income $ $ Position/Title/Type of Business Business Phone (incl. area code) Position/Title/Type of Business Business Phone (incl. area code) V. MONTHLY INCOME AND COMBINED HOUSING EXPENSE INFORMATION Gross Monthly Income Borrower Co-Borrower Total Combined Monthly Housing Expense Present Proposed Base Empl. Income* $ $ $ Rent $ Overtime First Mortgage (P&I) $ Bonuses Commissions Dividends/Interest Net Rental Income Other (before completing, see the notice in describe other income, below) Other Financing (P&I) Hazard Insurance Real Estate Taxes Mortgage Insurance Homeowner Assn. Dues Total $ $ $ Total $ $ * Self Employed Borrower(s) may be required to provide additional documentation such as tax returns and financial statements. Described Other Income Notice: Alimony, child support, or separate maintenance income need not be revealed if the Borrower (B) or Co-Borrower (C) does not choose to have it considered for repaying this loan. B/C Other: $ Monthly Amount VI. ASSETS AND LIABILITIES This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-Borrowers if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise separate Statements and Schedules are required. If the Co-Borrower section was completed about a non-applicant spouse or other person, this Statement and supporting schedules must be completed about that spouse or other person also. Completed Jointly Not Jointly ASSETS Description Cash deposit toward purchase held by: $ List checking and savings accounts below Name and address of Bank, S&L, or Credit Union Cash or Market Value Liabilities and Pledged Assets. List the creditor s name, address and account number for all outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property. LIABILITIES Name and address of Company Monthly Payment & Months Left to Pay $ Payment/Months $ Unpaid Balance Acct. no. Acct. no. $ Name and address of Company Name and address of Bank, S&L, or Credit Union $ Payment/Months $ Acct. no. Acct. no. $ Name and address of Company Name and address of Bank, S&L, or Credit Union $ Payment/Months $ Acct. no. Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 2 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 2 (Letter) ~ 04/2010 ~ Encompass360 TM

7 VI. ASSETS AND LIABILITIES (cont.) Acct. no. $ Name and address of Company Name and address of Bank, S&L, or Credit Union $ Payment/Months $ Acct. no. Acct. no. $ Name and address of Company Stocks & Bonds (Company name/number & description) $ $ Payment/Months $ Life insurance net cash value $ Face amount: $ Subtotal Liquid Assets $ Acct. no. Name and address of Company $ Payment/Months $ Real estate owned (enter market value $ Acct. no. from schedule of real estate owned) Name and address of Company $ Payment/Months $ Vested interest in retirement fund $ Net worth of business(es) owned (attach financial statement) Automobiles owned (make and year) $ Other Assets (itemize) $ $ Acct. no. Alimony/Child Support/Separate Maintenance Payments Owed to: Job-Related Expense (child care, union dues, etc.) $ $ Total Monthly Payments $ Total Assets a. $ Net Worth (a minus b) Schedule of Real Estate Owned (If additional properties are owned, use continuation sheet.) Property Address (enter S if sold, PS if pending sale or R if rental being held for income) Type of Property Present Market Value Amount of Mortgages & Liens $ Total Liabilities b. $ Gross Rental Income Mortgage Payments Insurance, Maintenance, Taxes & Misc. Net Rental Income $ $ $ $ $ $ Totals $ $ $ $ $ $ List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s): Alternate Name Creditor Name Account Number VII. DETAILS OF TRANSACTION VIII. DECLARATIONS a. Purchase Price $ If you answer Yes to any questions a through i, please use continuation Borrower Co-Borrower b. Alterations, improvements, repairs sheet for explanation. Yes No Yes No c. Land (if acquired separately) d. Refinance (incl. debts to be paid off) e. Estimated prepaid items f. Estimated closing costs g. PMI, MIP, Funding Fee a. Are there any outstanding judgments against you? b. Have you been declared bankrupt within the past 7 years? c. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years? d. Are you a party to a lawsuit? h. Discount (if Borrower will pay) e. Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? i. Total costs (add items a through h) (This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, j. Subordinate financing bond, or loan guarantee. If Yes, provide details, including date, name and address of Lender, FHA or VA case number, if any, and reasons for the action.) k. Borrower s closing costs paid by Seller Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 3 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 3 (Letter) ~ 04/2010 ~ Encompass360 TM

8

9 Use this continuation sheet if you need more space to complete the Residential Loan Application. Mark B for Borrower or C for Co-Borrower. Continuation Sheet/Residential Loan Application Borrower: Co-Borrower: Agency Case Number: Lender Case Number: I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1001, et seq. Borrower s Signature: Date Co-Borrower s Signature: Date X X Uniform Residential Loan Application Freddie Mac Form 65 7/05 (rev.6/09) Page 5 of 5 Fannie Mae Form /05 (rev.6/09) 1003 Page 5 (Letter) ~ 04/2010 ~ Encompass360 TM

10 ADDENDUM TO APPLICATION FOR ADDITIONAL REAL ESTATE OWNED Property Address * Original Loan Amount Name & Address of Lender Loan Number Current Balance Market Value Gross Rent Mortgage Payment Taxes & Insurance Net Rental Income / Loss $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Totals: $ $ $ $ $ $ Applicant Signature Applicant Signature *INDICATE S IF SOLD, PS IF PENDING SALE, R IF RENTAL PROPERTY, OR PR IF PRIMARY RESIDENCE. Rev 01/08

11 CONSENT TO RECEIVE ELECTRONIC COMMUNICATIONS The following disclosures are required by the federal Electronic Signatures in Global and National Commerce Act ( ESIGN ). In order for you to receive Communications electronically in connection with your residential mortgage application, you must consent to Columbia Bank s Residential Mortgage Department providing you these communications electronically. Your consent to receive electronic communications includes but is not limited to: loan documents, disclosures, and the appraisal report. By providing your address and your signature below, you consent to receiving communications by . Each borrower must provide this form even if all borrowers may share the same address. How to Withdraw Consent. You may withdraw your consent to receiving communications electronically, at no charge by calling (800) How to Update Your Records. It is your responsibility to provide us with true, accurate, and complete address, contact, and other information related to this disclosure and your residential mortgage application, and to maintain and update promptly any changes in this information. You can update information by calling (800) or ing your designated loan representative. Hardware and Software Requirements. In order to access, view, and retain electronic communications that we make available to you, you must have: A computer with Internet connectivity, sufficient storage space, and a supported Internet browser capable of 128-bit encryption; A supported PDF viewer, such as the current version of Adobe Reader ( and a browser that can print PDF documents; A valid address including an account with an service provider compatible with your software. Requesting Paper Copies. During the residential mortgage application process, you can obtain a paper copy of the electronic communications by printing them yourself or by requesting that we mail you a paper copy. To request a paper copy, please call us at (800) or your designated loan representative. Name: address: I consent to receiving Communications electronically from Columbia Bank s Residential Mortgage Department. Borrower s Signature Date

12 PLEASE READ CAREFULLY THREE-ONE (3/1) ADJUSTABLE RATE MORTGAGE DISCLOSURE IMPORTANT INFORMATION ABOUT THE ADJUSTABLE RATE MORTGAGE This disclosure describes the features of this Adjustable Rate Mortgage (ARM) program you are considering. Information on other ARM programs is available upon request. GENERAL DESCRIPTION OF THE ARM PROGRAM Your interest rate and payment can change annually after three years. Your interest rate at each adjustment will be equal to the index plus a margin, rounded to the nearest 1/8 of 1%, subject to the limitations ("caps") described below. The "margin" is the amount which will be added to the index to determine the interest rate at each adjustment. Once the margin is established for your loan, the margin will not change throughout the term of the loan. Ask us for our current interest rate and margin. Your index will be the Weekly Average Yield on U.S. Treasury Securities Adjusted to a Constant Maturity of One Year ("index"). Information on the index is published weekly in The Wall Street Journal. The Federal Reserve Board's Statistical Release H.15 is another source of information on the index. If this index is not available, a comparable index will be used. HOW YOUR INITIAL INTEREST RATE AND INITIAL PAYMENT AMOUNT WILL BE DETERMINED Your initial interest rate may or may not be based on the index and margin used to make later adjustments. Market conditions will affect how this product is priced. There are three ways this product may be priced. The product may be priced at a discount, at a premium, or at par. These terms are explained below. The amount by which the initial interest rate is less than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Discount". Ask us for the amount of the initial interest rate discount which is currently applied to our adjustable rate mortgages. The amount by which the initial interest rate is greater than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Premium". Ask us for the amount of the initial interest rate premium which is currently applied to our adjustable rate mortgages. When the initial interest rate is equal to the rate that would be determined by adding the margin to the index (and then rounded), this is called "PAR". Ask us for the current initial interest rate for the Three-One (3/1) Adjustable Rate Mortgage. Your initial payment will be based on the initial interest rate, loan balance, and loan term. This initial payment will be determined by calculating the amount required to repay the amount of the loan in substantially equal monthly payments over the term at the initial interest rate. HOW YOUR INTEREST RATE CAN CHANGE Your interest rate can change yearly, beginning 35 months after the first payment is due. The dates when the interest rate can change are called "interest rate change dates." Your interest rate cannot increase or decrease more than 2.00 percentage points at each adjustment. This is sometimes referred to as the "periodic interest rate cap." Your interest rate cannot increase more than 6.00 percentage points over the term of the loan. This is sometimes referred to as the "lifetime interest rate cap." The interest rate which will be effective on the change date (new interest rate) will be based on the index plus the margin. The new interest rate will be calculated by adding the margin to the most recent index figure available 45 days before the interest rate change date. The result will be rounded to the nearest.125% and then adjusted, if necessary, according to the periodic and lifetime interest rate caps. HOW YOUR PAYMENT CAN CHANGE Your payment can increase or decrease substantially based on annual changes in the interest rate. Such changes can begin 36 months after the first payment is due. If the interest rate changes on an interest rate change date, the payment change will become effective starting with the payment due one month later. The new payment will be based on the new interest rate, the loan balance on the change date, and the remaining loan term. This new payment will be determined by calculating the amount required to repay the remaining loan balance in substantially equal monthly payments over the remaining loan term at the new interest rate. 3/1 ARM (2/6 Caps) 01/13 1 of 3

13 THIS IS A THREE-PAGE DISCLOSURE. SEE BELOW FOR MORE INFORMATION. PLEASE SIGN BELOW AND RETURN TO COLUMBIA BANK. PLEASE KEEP A COPY FOR YOUR RECORDS. BY SIGNING BELOW I/WE ACKNOWLEDGE THAT I/WE HAVE READ BOTH SIDES OF THIS DOCUMENT, KEPT A COPY FOR OUR RECORDS, AND VIEWED / RECEIVED THE CONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES BOOKLET. SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE THE FOLLOWING ARE EXAMPLES OF THE MAXIMUM INTEREST RATE AND MAXIMUM PAYMENT WHICH COULD BE REQUIRED. EXAMPLES ARE PROVIDED FOR THE THREE POSSIBLE PRICING SCENARIOS: DISCOUNTED RATE For example, on a $10,000 loan with an initial interest rate of (2.875% less an initial discount of.375%) in effect in December 2012, the maximum amount the interest rate can rise under this program is 6.00%, to an interest rate of 8.500% and the monthly payment can rise from a first year payment to a maximum payment as shown below. 15 year term 30 year term First year payment $ $ Maximum payment $ in year six (6) $ in year six (6) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $66.68 = $ per month 6 x $39.52 = $ per month PREMIUM RATE For example, on a $10,000 loan with an initial interest rate of 3.000% (2.875% plus an initial premium of.125%) in effect in December 2012, the maximum amount the interest rate can rise under this program is 6.00%, to an interest rate of 9.000% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In December 2012, this product was not priced at a premium. We have chosen a.125% premium for illustrative purposes. 15 year term 30 year term First year payment $ $ Maximum payment $ in year six (6) $ in year six (6) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $69.06 = $ per month 6 x $42.17 = $ per month PAR PRICING For example, on a $10,000 loan with an initial interest rate of 2.875% (par) in effect in December 2012, the maximum amount the interest rate can rise under this program is 6.000%, to an interest rate of 8.875% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In December 2012, this product was not priced at par. 15 year term 30 year term First year payment $ $ Maximum payment $ in year six (6) $ in year six (6) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $68.46 = $ per month 6 x $41.49 = $ per month 3/1 ARM (2/6 Caps) 01/13 2 of 3

14 NOTICE OF INTEREST RATE AND PAYMENT CHANGE If your interest rate and payment change on any Change Date, you will be notified at least 25, but no more than 76, calendar days before the due date of the payment at the new level. This notice will contain the following information. 1. The change in the index. 2. The change in your interest rate. 3. The change in your payments. 4. The loan balance. 5. The title and telephone number of an employee who can answer your questions about the notice. INITIAL INTEREST RATE The initial interest rate which will be charged on this loan is set by Columbia Bank as outlined in the Interest Rate Lock-In Policy Information and Agreement form. Please refer to that form for further details. THIS DISCLOSURE IS INTENDED FOR REFERENCE PURPOSES ONLY. IT IS NOT A COMMITMENT. IMPORTANT INFORMATION RELATING SPECIFICALLY TO YOUR LOAN WILL BE CONTAINED IN THE LOAN AGREEMENT (THE NOTE, MORTGAGE OR ANY OTHER PERTINENT LEGAL DOCUMENT). 3/1 ARM (2/6 Caps) 01/13 3 of 3

15 PLEASE READ CAREFULLY FIVE-ONE (5/1) ADJUSTABLE RATE MORTGAGE DISCLOSURE IMPORTANT INFORMATION ABOUT THE ADJUSTABLE RATE MORTGAGE This disclosure describes the features of this Adjustable Rate Mortgage (ARM) program you are considering. Information on other ARM programs is available upon request. GENERAL DESCRIPTION OF THE ARM PROGRAM Your interest rate and payment can change annually after five years. Your interest rate at each adjustment will be equal to the index plus a margin, rounded to the nearest 1/8 of 1%, subject to the limitations ("caps") described below. The "margin" is the amount which will be added to the index to determine the interest rate at each adjustment. Once the margin is established for your loan, the margin will not change throughout the term of the loan. Ask us for our current interest rate and margin. Your index will be the Weekly Average Yield on U.S. Treasury Securities Adjusted to a Constant Maturity of One Year ("index"). Information on the index is published weekly in The Wall Street Journal. The Federal Reserve Board's Statistical Release H.15 is another source of information on the index. If this index is not available, a comparable index will be used. HOW YOUR INITIAL INTEREST RATE AND INITIAL PAYMENT AMOUNT WILL BE DETERMINED Your initial interest rate may or may not be based on the index and margin used to make later adjustments. Market conditions will affect how this product is priced. There are three ways this product may be priced. The product may be priced at a discount, at a premium, or at par. These terms are explained below. The amount by which the initial interest rate is less than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Discount". Ask us for the amount of the initial interest rate discount which is currently applied to our adjustable rate mortgages. The amount by which the initial interest rate is greater than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Premium". Ask us for the amount of the initial interest rate premium which is currently applied to our adjustable rate mortgages. When the initial interest rate is equal to the rate that would be determined by adding the margin to the index (and then rounded), this is called "PAR". Ask us for the current initial interest rate for the Five-One (5/1) Adjustable Rate Mortgage. Your initial payment will be based on the initial interest rate, loan balance, and loan term. This initial payment will be determined by calculating the amount required to repay the amount of the loan in substantially equal monthly payments over the term at the initial interest rate. HOW YOUR INTEREST RATE CAN CHANGE Your interest rate can change yearly, beginning 59 months after the first payment is due. The dates when the interest rate can change are called "interest rate change dates." Your interest rate cannot increase or decrease more than 2.00 percentage points at each adjustment. This is sometimes referred to as the "periodic interest rate cap." Your interest rate cannot increase more than 5.00 percentage points over the term of the loan. This is sometimes referred to as the "lifetime interest rate cap." The interest rate which will be effective on the change date (new interest rate) will be based on the index plus the margin. The new interest rate will be calculated by adding the margin to the most recent index figure available 45 days before the interest rate change date. The result will be rounded to the nearest.125% and then adjusted, if necessary, according to the periodic and lifetime interest rate caps. HOW YOUR PAYMENT CAN CHANGE Your payment can change increase or decrease substantially based annual changes in the interest rate. Such changes can begin 60 months after the first payment is due. If the interest rate changes on an interest rate change date, the payment change will become effective starting with the payment due one month later. The new payment will be based on the new interest rate, the loan balance on the change date, and the remaining loan term. This new payment will be determined by calculating the amount required to repay the remaining loan balance in substantially equal monthly payments over the remaining loan term at the new interest rate. 5/1 ARM (2/5 Caps) 01/13 1 of 3

16 THIS IS A THREE-PAGE DISCLOSURE. SEE BELOW FOR MORE INFORMATION. PLEASE SIGN BELOW AND RETURN TO COLUMBIA BANK. PLEASE KEEP A COPY FOR YOUR RECORDS. BY SIGNING BELOW I/WE ACKNOWLEDGE THAT I/WE HAVE READ BOTH SIDES OF THIS DOCUMENT, KEPT A COPY FOR OUR RECORDS, AND HAVE VIEWED / RECEIVED THE CONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES BOOKLET. SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE THE FOLLOWING ARE EXAMPLES OF THE MAXIMUM INTEREST RATE AND MAXIMUM PAYMENT WHICH COULD BE REQUIRED. EXAMPLES ARE PROVIDED FOR THE THREE POSSIBLE PRICING SCENARIOS: DISCOUNTED RATE For example, on a $10,000 loan with an initial interest rate of 2.500% (2.875% less an initial discount of.375%) in effect in December 2012, the maximum amount the interest rate can rise under this program is 5.00%, to an interest rate of 7.500% and the monthly payment can rise from a first year payment to a maximum payment as shown below. 15 year term 30 year term First year payment $ $ Maximum payment $ in year eight (8) $ in year eight (8) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $66.68 = $ per month 6 x $39.52 = $ per month PREMIUM RATE For example, on a $10,000 loan with an initial interest rate of 3.000% (2.875% plus an initial premium of.125%) in effect in December 2012, the maximum amount the interest rate can rise under this program is 5.000%, to an interest rate of 8.000% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In December 2012, this product was not priced at a premium. We have chosen a.125% premium for illustrative purposes. 15 year term 30 year term First year payment $ $ Maximum payment $ in year eight (8) $ in year eight (8) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $69.06 = $ per month 6 x $42.17 = $ per month PAR PRICING For example, on a $10,000 loan with an initial interest rate of 2.875% (par) in effect in December 2012, the maximum amount the interest rate can rise under this program is 5.000%, to an interest rate of 7.875% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In December 2012, this product was not priced at par. 15 year term 30 year term First year payment $ $ Maximum payment $ in year eight (8) $ in year eight (8) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term 5/1 ARM (2/5 Caps) 01/13 2 of 3

17 $60,000/$10,000 = 6 6 x $68.46 = $ per month 6 x $41.49 = $ per month NOTICE OF INTEREST RATE AND PAYMENT CHANGE If your interest rate and payment change on any Change Date, you will be notified at least 25, but no more than 76, calendar days before the due date of the payment at the new level. This notice will contain the following information. 1. The change in the index. 2. The change in your interest rate. 3. The change in your payments. 4. The loan balance. 5. The title and telephone number of an employee who can answer your questions about the notice. INITIAL INTEREST RATE The initial interest rate which will be charged on this loan is set by Columbia Bank as outlined in the Interest Rate Lock-In Policy Information and Agreement form. Please refer to that form for further details. THIS DISCLOSURE IS INTENDED FOR REFERENCE PURPOSES ONLY. IT IS NOT A COMMITMENT. IMPORTANT INFORMATION RELATING SPECIFICALLY TO YOUR LOAN WILL BE CONTAINED IN THE LOAN AGREEMENT (THE NOTE, MORTGAGE OR ANY OTHER PERTINENT LEGAL DOCUMENT). 5/1 ARM (2/5 Caps) 01/13 3 of 3

18 PLEASE READ CAREFULLY SEVEN-ONE (7/1) ADJUSTABLE RATE MORTGAGE DISCLOSURE IMPORTANT INFORMATION ABOUT THE ADJUSTABLE RATE MORTGAGE This disclosure describes the features of this Adjustable Rate Mortgage (ARM) program you are considering. Information on other ARM programs is available upon request. GENERAL DESCRIPTION OF THE ARM PROGRAM Your interest rate and payment can change annually after seven years. Your interest rate at each adjustment will be equal to the index plus a margin, rounded to the nearest 1/8 of 1%, subject to the limitations ("caps") described below. The "margin" is the amount which will be added to the index to determine the interest rate at each adjustment. Once the margin is established for your loan, the margin will not change throughout the term of the loan. Ask us for our current interest rate and margin. Your index will be the Weekly Average Yield on U.S. Treasury Securities Adjusted to a Constant Maturity of One Year ("index"). Information on the index is published weekly in The Wall Street Journal. The Federal Reserve Board's Statistical Release H.15 is another source of information on the index. If this index is not available, a comparable index will be used. HOW YOUR INITIAL INTEREST RATE AND INITIAL PAYMENT AMOUNT WILL BE DETERMINED Your initial interest rate may or may not be based on the index and margin used to make later adjustments. Market conditions will affect how this product is priced. There are three ways this product may be priced. The product may be priced at a discount, at a premium, or at par. These terms are explained below. The amount by which the initial interest rate is less than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Discount". Ask us for the amount of the initial interest rate discount which is currently applied to our adjustable rate mortgages. The amount by which the initial interest rate is greater than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Premium". Ask us for the amount of the initial interest rate premium which is currently applied to our adjustable rate mortgages. When the initial interest rate is equal to the rate that would be determined by adding the margin to the index (and then rounded), this is called "PAR". Ask us for the current initial interest rate for the Seven-One (7/1) Adjustable Rate Mortgage. Your initial payment will be based on the initial interest rate, loan balance, and loan term. This initial payment will be determined by calculating the amount required to repay the amount of the loan in substantially equal monthly payments over the term at the initial interest rate. HOW YOUR INTEREST RATE CAN CHANGE Your interest rate can change yearly, beginning 83 months after the first payment is due. The dates when the interest rate can change are called "interest rate change dates." Your interest rate cannot increase more than 5.00 percentage points or decrease by more than 5.00 percentage points at the initial (first) adjustment period. This is sometimes referred to as the initial adjustment rate cap. Your interest rate cannot increase or decrease more than 2.00 percentage points at each adjustment after the initial (first) adjustment period. This is sometimes referred to as the "periodic interest rate cap." Your interest rate cannot increase more than 5.00 percentage points over the term of the loan. This is sometimes referred to as the "lifetime interest rate cap." The interest rate which will be effective on the change date (new interest rate) will be based on the index plus the margin. The new interest rate will be calculated by adding the margin to the most recent index figure available 45 days before the interest rate change date. The result will be rounded to the nearest.125% and then adjusted, if necessary, according to the initial adjustment rate cap, the periodic interest rate cap, or the lifetime interest rate cap. HOW YOUR PAYMENT CAN CHANGE Your payment can increase or decrease substantially based on annual changes in the interest rate. Such changes can begin 84 months after the first payment is due. If the interest rate changes on an interest rate change date, the payment change will become effective starting with the payment due one month later. 7/1 ARM (5/2/5 Caps) 01/13 1 of 3

19 The new payment will be based on the new interest rate, the loan balance on the change date, and the remaining loan term. This new payment will be determined by calculating the amount required to repay the remaining loan balance in substantially equal monthly payments over the remaining loan term at the new interest rate. THIS IS A THREE-PAGE DISCLOSURE. SEE BELOW FOR MORE INFORMATION. PLEASE SIGN BELOW AND RETURN TO COLUMBIA BANK. PLEASE KEEP A COPY FOR YOUR RECORDS. BY SIGNING BELOW I/WE ACKNOWLEDGE THAT I/WE HAVE READ BOTH SIDES OF THIS DOCUMENT, KEPT A COPY FOR OUR RECORDS, AND VIEWED / RECEIVED THE CONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES BOOKLET. SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE THE FOLLOWING ARE EXAMPLES OF THE MAXIMUM INTEREST RATE AND MAXIMUM PAYMENT WHICH COULD BE REQUIRED. EXAMPLES ARE PROVIDED FOR THE THREE POSSIBLE PRICING SCENARIOS: DISCOUNTED RATE For example, on a $10,000 loan with an initial interest rate of % (2.875% less an initial discount of.250%) in effect in December 2012, the maximum amount the interest rate can rise under this program is 5.000%, to an interest rate of 7.625% and the monthly payment can rise from a first year payment to a maximum payment as shown below. 15 year term 30 year term First year payment $ $ Maximum payment $ in year eight (8) $ in year eight (8) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $67.27 = $ per month 6 x $40.17= $ per month PREMIUM RATE For example, on a $10,000 loan with an initial interest rate of 3.000% (2.875% plus an initial premium of.125%) in effect in December 2012, the maximum amount the interest rate can rise under this program is 5.000%, to an interest rate of 8.000% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In December 2012, this product was not priced at a premium. We have chosen a.125% premium for illustrative purposes. 15 year term 30 year term First year payment $ $ Maximum payment $ in year eight (8) $ in year eight (8) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $69.06 = $ per month 6 x $42.17 = $ per month 7/1 ARM (5/2/5 Caps) 01/13 2 of 3

20 PAR PRICING For example, on a $10,000 loan with an initial interest rate of 2.875% (par) in effect in December 2012, the maximum amount the interest rate can rise under this program is 5.000%, to an interest rate of 7.875% and the monthly payment can rise from a first year payment to a maximum payment as shown below. 15 year term 30 year term First year payment $ $ Maximum payment $ in year eight (8) $ in year eight (8) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: 15 year term 30 year term $60,000/$10,000 = 6 6 x $68.46 = $ per month 6 x $41.49 = $ per month NOTICE OF INTEREST RATE AND PAYMENT CHANGE If your interest rate and payment change on any Change Date, you will be notified at least 25, but no more than 76, calendar days before the due date of the payment at the new level. This notice will contain the following information. 1. The change in the index. 2. The change in your interest rate. 3. The change in your payments. 4. The loan balance. 5. The title and telephone number of an employee who can answer your questions about the notice. INITIAL INTEREST RATE The initial interest rate which will be charged on this loan is set by Columbia Bank as outlined in the Interest Rate Lock-In Policy Information and Agreement form. Please refer to that form for further details. THIS DISCLOSURE IS INTENDED FOR REFERENCE PURPOSES ONLY. IT IS NOT A COMMITMENT. IMPORTANT INFORMATION RELATING SPECIFICALLY TO YOUR LOAN WILL BE CONTAINED IN THE LOAN AGREEMENT (THE NOTE, MORTGAGE OR ANY OTHER PERTINENT LEGAL DOCUMENT). 7/1 ARM (5/2/5 Caps) 01/13 3 of 3

21 ONE (1) YEAR ADJUSTABLE RATE MORTGAGE CONSTRUCTION/ PERMANENT DISCLOSURE IMPORTANT INFORMATION ABOUT THE ADJUSTABLE RATE MORTGAGE - PLEASE READ CAREFULLY This disclosure describes the features of this Adjustable Rate Mortgage (ARM) Construction program you are considering. GENERAL DESCRIPTION OF THE ARM PROGRAM This Construction/Permanent ARM provides for monthly interest only payments during the period of time known as the construction period and monthly principal and interest payments during the permanent period. The construction period shall end in 12 months or at the end of the month in which the final advance is made, whichever occurs first. The loan converts to the permanent period after the construction period. Your interest rate can change twelve months from the date the first interest payment is due and annually thereafter. Your interest only payment can change each month during the construction period. If principal and interest payments begin before the interest rate change date, that payment may adjust one month after the interest rate change date and annually thereafter. Your interest rate at each adjustment will be equal to the index plus a margin, rounded to the nearest 1/8 of 1%, subject to the limitations ("caps") described below. The "margin" is the amount which will be added to the index to determine the interest rate at each adjustment. Once the margin is established for your loan, the margin will not change throughout the term of the loan. Ask us for our current interest rate and margin. Your index will be the Weekly Average Yield on U.S. Treasury Securities Adjusted to a Constant Maturity of One Year ("index"). Information on the index is published weekly in The Wall Street Journal. The Federal Reserve Board's Statistical Release H.15 is another source of information on the index. If this index is not available, a comparable index will be used. The construction period shall end in twelve months or at the end of the month in which the final advance is made, whichever occurs first. During the construction period, interest will be billed and payable monthly based on the amount outstanding. Your interest rate will not change during the first twelve months. Funds will generally be advanced in four payments. Funds will be advanced only after the work has been completed for each phase of the schedule. Ask us for a copy of our current construction schedule. You must request each advance in writing and submit a cost of labor performed and materials used, along with an updated title search. Columbia will inspect the property and determine in its own discretion (a) whether the work completed to the date of the inspection has been done satisfactorily and (b) the cost of the work completed since the date of the previous requisition and (c) the dollar amount to be advanced (if any). At the end of the 12 month construction period or after the end of the month in which the final advance is made, whichever occurs first, the loan will convert to the permanent period. Upon conversion to the permanent period, the monthly principal and interest payment will be calculated on the total amount advanced to amortize over 30 years less the number of months of the construction period. At the end of the construction period, you will be permitted to modify to one of our other loan products at the no point rate in effect on the final advance date. HOW YOUR INITIAL INTEREST RATE AND INITIAL PAYMENT AMOUNT WILL BE DETERMINED Your initial interest rate may or may not be based on the index and margin used to make later adjustments. Market conditions will affect how this product is priced. There are three ways this product may be priced. The product may be priced at a discount, at a premium, or at par. These terms are explained below. The amount by which the initial interest rate is less than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Discount". Ask us for the amount of the initial interest rate discount which is currently applied to our adjustable rate construction/permanent mortgage. The amount by which the initial interest rate is greater than the rate that would be determined by adding the margin to the index (and then rounded) is called the "Initial Interest Rate Premium". Ask us for the amount of the initial interest rate premium which is currently applied to our adjustable rate mortgages construction/permanent mortgage. When the initial interest rate is equal to the rate that would be determined by adding the margin to the index (and then rounded), this is called "PAR". Ask us for the current initial interest rate for the adjustable rate construction/permanent mortgage. Your initial interest only payment will be based on the initial interest rate and principal amount outstanding. Your initial principal and interest payment will be based on the initial interest rate, loan balance and loan term if this payment is due on or before the date when your interest rate can change. If your first principal and interest payment is due after the date your interest rate may change, the payment will be based on the new interest rate, loan balance and loan term. The initial principal and interest payment will be determined by calculating the amount required to repay the amount of the loan is substantially equal monthly payments over the term at the initial interest rate. HOW YOUR INTEREST RATE CAN CHANGE Your interest rate can change yearly, beginning 11 to 12 months after the first payment is due, depending upon the day of the month in which your loan closes. The dates when the interest rate can change are called "interest rate change dates." Your interest rate cannot increase or decrease more than 2.00 percentage points at each adjustment. This is sometimes referred to as the "periodic interest rate cap." Your interest rate cannot increase more than 6.00 percentage points over the term of the loan. This is sometimes referred to as the "lifetime interest rate cap." The interest rate which will be effective on the change date (new interest rate) will be based on the index plus the margin. The new interest rate will be calculated by adding the margin to the most recent index figure available 45 days before the interest rate change date. The result will be rounded to the nearest.125% and then adjusted, if necessary, according to the periodic and lifetime interest rate caps. THIS IS A TWO-PAGE DISCLOSURE. SEE THE NEXT PAGE FOR MORE INFORMATION. PLEASE SIGN BELOW AND RETURN A COPY WITH YOUR APPLICATION. BY SIGNING BELOW I/WE ACKNOWLEDGE THAT I/WE HAVE READ THIS DOCUMENT, KEPT A COPY FOR OUR RECORDS, AND HAVE VIEWED THE CONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES BOOKLET. SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE SIGNATURE DATE Construction/Perm (2/6 Caps) 02/12 Page 1 of 2

22 HOW YOUR PAYMENT CAN CHANGE Your interest only payment can change each month during the construction period based on the outstanding principal balance and the number of days in the billing cycle. Your principal and interest payment can change one month after the first interest rate change date if the payments began prior to the interest rate change date. The payment can change annually thereafter. If you take the full year for the construction period, our initial principal and interest payment will change one year from the first month after the interest rate change date and annually thereafter. If the interest rate changes on an interest rate change date, the payment change will become effective starting with the payment due one month later. The new principal and interest payment due after an interest rate change date will be based on the new interest rate, the loan balance on the change date, and the remaining loan term. This new payment will be determined by calculating the amount required to repay the remaining loan balance in substantially equal monthly payments over the remaining loan term at the new interest rate. THE FOLLOWING ARE EXAMPLES OF THE MAXIMUM INTEREST RATE AND MAXIMUM PAYMENT WHICH COULD BE REQUIRED. EXAMPLES ARE PROVIDED FOR THE THREE POSSIBLE PRICING SCENARIOS: DISCOUNTED RATE For example, on a $10,000 loan with an initial interest rate of 2.750% (2.875% less an initial discount of.125%) in effect in January 2012, the maximum amount the interest rate can rise under this program is 6.000%, to an interest rate of 8.750% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In January 2012, this product was not priced at a discount. We have chosen a.125% discount for illustrative purposes only. 30 year term * Interest only payment $ ** 2 nd year principal + interest $ Maximum payment $ in year four (4) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: $60,000/$10,000=6 6 x $ = $ Interest Only 6 x $ = $ Principal and Interest PREMIUM RATE For example, on a $10,000 loan with an initial interest rate of 6.00% (2.875% plus an initial premium of 3.125%) in effect in January 2012, the maximum amount the interest rate can rise under this program is 6.00%, to an interest rate of 12.00% and the monthly payment can rise from a first year payment to a maximum payment as shown below. 30 year term * Interest only payment $ ** 2 nd year principal + interest $ Maximum payment $ in year four (4) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: $60,000/$10,000=6 6 x $ = $ Interest Only 6 x $ = $ Principal and Interest PAR PRICING For example, on a $10,000 loan with an initial interest rate of 2.875% (par) in effect in January 2012, the maximum amount the interest rate can rise under this program is 6.000%, to an interest rate of 8.875% and the monthly payment can rise from a first year payment to a maximum payment as shown below. In January 2012, this product was not priced at par. 30 year term * Interest only payment $ ** 2 nd year principal + interest $ Maximum payment $ in year four (4) To see what your monthly payments would be, divide your mortgage amount by $10,000, then multiply the monthly payment by that amount. For example, the monthly payment for a loan amount of $60,000 would be: $60,000/$10,000=6 6 x $ = $ Interest Only 6 x $ = $ Principal and Interest * For purposes of this example, assume that the full 12 month construction period was needed and that principal and interest payments did not begin until the month after the first interest rate change date. The payment can adjust annually based on changes in the interest rate. ** Monthly payment is interest only and based on the full $10,000 being advanced at time of closing. NOTICE OF INTEREST RATE AND PAYMENT CHANGE If your interest rate and payment change on any Change Date, you will be notified at least 25, but no more than 76, calendar days before the due date of the payment at the new level. This notice will contain the following information. 1. The change in the index. 2. The change in your interest rate. 3. The change in your payments. 4. The loan balance. 5. The title and telephone number of an employee who can answer your questions about the notice. INITIAL INTEREST RATE The initial interest rate which will be charged on this loan is set by Columbia Bank as outlined in the Interest Rate Lock-In Policy Information and Agreement form. Please refer to that form for further details. THIS DISCLOSURE IS INTENDED FOR REFERENCE PURPOSES ONLY. IT IS NOT A COMMITMENT. IMPORTANT INFORMATION RELATING SPECIFICALLY TO YOUR LOAN WILL BE CONTAINED IN THE LOAN AGREEMENT (THE NOTE, MORTGAGE OR ANY OTHER PERTINENT LEGAL DOCUMENT). Construction/Perm (2/6 Caps) 02/12 Page 2 of 2

23 INTEREST RATE LOCK-IN POLICY AND AGREEMENT FOR CURRENT INTEREST RATES PLEASE CALL or visit This Agreement (also known as the Interest Rate Lock-in Agreement or Agreement ) contains important information about our lock-in policy and lock-in/commitment fee. Even if you do not wish to lock-in the interest rate, we still advise that you read this information. This Agreement outlines how your interest rate will be determined on your mortgage loan. If after reading the text of this Agreement, you wish to lock-in your rate, please complete the section at the end of this document. FEES REQUIRED AT LOCK-IN/COMMITMENT If you wish to lock-in prior to commitment, you must pay Columbia Bank a $ lock-in fee at the time of lock-in together with the flood certification fee, the appraisal fee and the credit report fee (if not already paid). If you have not locked-in by commitment, then you will have to pay Columbia Bank a $ commitment fee plus all fees due by commitment acceptance. The $ fee will be collected at the earlier of lock-in or commitment. This $ lock-in fee or commitment fee will be refunded when your loan closes, or if your loan is denied. If your loan does not close, this fee will not be refunded. LOCK-IN POLICY INFORMATION PLEASE CAREFULLY READ THIS LOCK IN AGREEMENT PRIOR TO SIGNING. THE LOCK-IN OPTION IS AT YOUR EXPENSE AND RISK. INTEREST RATES CAN CHANGE FREQUENTLY. AS A RESULT, LOCKING IN YOUR INTEREST RATE IS SPECULATIVE. Columbia Bank ( Columbia ) will normally process, review and make a decision on a mortgage application in 45 days. Circumstances beyond our control may affect the timely completion of the mortgage process. Columbia also requires the submission of a complete application including a Contract of Sale (if applicable), and payment of the appropriate fees at the time you lock-in. For Pre-Approval Certificate Program applicants, an application will be considered finalized once a Contract of Sale, Property Description Sheet, and Uniform Residential Loan Application Addendum are submitted. Columbia Bank will set an interest rate on the date we receive your finalized application. LOCKING-IN A RATE Columbia Bank will set an interest rate on the date we receive your application for a mortgage or finalized application for a Pre-approval Certificate Program (either hereinafter referred to as Application ). During the first ten (10) business days from the date we receive your Application, you can lock a rate once you have received and reviewed your Good Faith Estimate and Truth-In-Lending disclosures. If you want to proceed with the transaction and lock your rate you must follow the procedure below: If you have not yet told us of your intent to proceed with the loan, either verbally or with the Intent to Proceed form, you must let us know that you have reviewed your mortgage disclosures and now want to continue with the mortgage transaction. You may do this by executing the Intent to Proceed form that you received with your disclosures and returning it to Columbia Bank with this Agreement. You must also execute this Agreement. Executing this Agreement is accomplished by completing the section entitled Please Complete this Section if you Wish to Lock-In Your Rate on page three (3), signing where indicated and paying the appropriate fees (see the section below entitled Fees Required to Lock-In ). The lock-in rate will be determined as follows: 1/13

24 If you choose to lock-in the rate within the first ten (10) business days of the date Columbia Bank receives your application, the rate that will be locked-in will be the lowest rate in effect from the date we received your application through the date that you choose to lock-in up to and including the 10 th business day. For example, if the rate at Application (day 1) was 3.25%, and the rate changed to 3.50% on day 4, and you choose to lock-in on day 7, the lock-in rate would be 3.25%. In the same example, if on day 8 the rate changes to 3.125% and you choose to lock-in on day 10, the lock-in rate would be 3.125%. If you do not choose to lock in the rate by the tenth (10 th ) business day from the date we receive your Application, then your interest rate will float. You may then lock-in the rate for a period of 75 days at any time prior to commitment by executing this Agreement and the Intent to Proceed form (if not submitted previously) and submitting them along with the required fees. If you opt to float your interest rate (and not exercise your option to lock in your interest rate) we urge you to regularly monitor our mortgage rates by visiting At no time can Columbia Bank's employees predict future interest rate changes. LOCKING IN PRIOR TO COMMITMENT If you lock-in prior to commitment, your rate will be locked for 75 days. If you have locked-in and Columbia Bank issues you a commitment after you have locked, the commitment will expire when your lock-in agreement expires. RATE LOCKED IN AT COMMITMENT If you do not choose to lock-in prior to commitment, then on the date the commitment is issued, the rate will be set at the prevailing rate for the loan product requested. The commitment expiration date will be 75 days from the date the commitment was issued. IF YOUR COMMITMENT (AND LOCK-IN RATE) EXPIRES If your commitment expires for any reason and you need an extension of the commitment, an extension may be granted as follows: Purchase Transactions An extension, if granted, will be up to a 60 day period at the locked-in interest rate (stated on the commitment) or the interest rate in effect on the date the extension request is received by Columbia, whichever is higher. Refinance Transactions An extension, if granted, will be up to a 30 day period at the locked-in interest rate (stated on the commitment) or the interest rate in effect on the date the extension request is received by Columbia, whichever is higher. Only one extension will be granted. Extension may require updated documentation, for example, credit report, income/asset verification, a current appraisal or any other such information as may be required by our program guidelines and credit policies. Columbia Bank reserves the right not to grant an extension and/or to decline any prior approved loan if the applicant(s) no longer qualifies due to a rise in interest rates, credit and documentation updates or loan program eligibility guidelines. EXECUTING THIS LOCK IN AGREEMENT If you wish to execute this Lock In Agreement please: Complete and sign the Agreement. Complete and sign your Intent to Proceed form (if not already provided). Return both of these agreements along with the following fees (if not already paid): The Lock In Fee, Flood Certification Fee, Appraisal Fee, Credit Report Fee 1/13 2 of 4

25 DELIVERY OPTIONS You may submit the Lock In Agreement and Intent to Proceed form (if not executed previously) by: 1. Hand delivering it to any one of the following: Columbia Bank Attn: Mortgage Department Route 208, Fair Lawn NJ 07410, Columbia Bank Corner of Echelon Road & White Horse Road P.O. Box 1645 Voorhees, NJ Any Columbia Bank branch location. You may find a list of our branches by visiting 2. Scanning/ ing the Agreement together with the Intent to Proceed form (if not executed previously) to your designated loan representative (if known), or to [email protected] or [email protected] or faxing the agreement to (201) However, please be sure to have the original Agreement (and fees) delivered via overnight return receipt mail to either address above. Once received, we will lock in your rate in accordance to the terms of the agreement. Please note that if the original Agreement (and fees) is not received by the second business day after the Agreement was Scanned/ ed (example received on Monday, Agreement and check must be received by Wednesday), your Lock In Agreement will be rescinded. 3. Mailing the Agreement and the Intent to Proceed form (if not executed previously) together with the appropriate fees via overnight mail to: Columbia Bank Attn: Mortgage Department Route 208 Fair Lawn, NJ Once received, we will lock in your rate in accordance to the terms of the agreement. ADDITIONAL INFORMATION 1. The actual rate that will be locked-in will be determined by the terms of this Agreement, our credit and underwriting policies, and must be confirmed in writing by a representative of Columbia Bank who has signed and returned a fully executed copy to you. 2. The lock-in granted is valid only for the loan program listed on this Agreement that corresponds to the data in the loan application. If you want to change the loan program and lock-in prior to commitment, a new Interest Rate Lock-In Agreement will need to be submitted. The new lock-in rate will be the rate in effect on the date the original interest rate was locked-in by a Columbia Representative or the rate in effect when the new interest rate is to be locked-in by a Columbia Representative for the new loan program, whichever is higher. A new lock-in period will apply. 3. The lock-in granted is valid only for the property address listed on this Agreement that corresponds to the data in the loan application. If you want to change the property address, and lock-in prior to commitment, a new Interest Rate Lock-In Agreement will need to be submitted. The new lock-in rate will be the rate in effect on the date the new interest rate was locked-in by a Columbia Representative for the new property address. A new lock-in period will apply. 4. Columbia will make a good faith effort to process your mortgage loan application and/or stand ready to fulfill the terms of any commitment issued before the expiration date of the lock-in agreement and any subsequent extension. 5. If this is a purchase transaction and your contract of sale is canceled by the seller(s) or buyer(s) for any valid reason stated in the contract, you will receive a full refund of any interest rate lock-in fee or commitment fee that you have paid. Proof satisfactory to the Bank must be provided verifying the contract cancellation. 6. If your loan application is denied by Columbia, your $ lock-in or commitment fee will be refunded. 1/13 3 of 4

26 THIS SECTION MUST BE COMPLETED BY THE APPLICANT(S) IF YOU WANT TO LOCK-IN YOUR RATE (COLUMBIA BANK WILL RETURN A COPY TO YOU) LOAN DATE: LOAN AMOUNT: $ PRODUCT BORROWER: PROPERTY ADDRESS: Owner Occupied Primary Residence Non-Owner Occupied Vacation Home RATE LOCK REQUEST I (We) wish to lock-in an interest rate of % with total points of % for a period not to exceed 75 days. I (we) understand that a $ lock-in fee $ ) plus the flood certification fee, the appraisal fee and the credit report fee totaling $ ) are due now at my interest rate lock-in. These are the fees that you would have normally collected from me at commitment. I (we) understand that the $ lock-in fee or commitment fee will be refunded when the loan closes. I(we) understand that if my final debt-to-income ratio (after you have verified all of my financial data) exceeds 45.0%, Columbia may consider this to be a high debt-to-income ratio loan and 1/8 th of 1% will be added to the rate. I/we understand that this higher rate will also be outlined below (see If final debt-to-income ratio exceeds 45.00% section) when the Interest Rate Lock-In Agreement is executed by the Bank. I (We) have carefully read this agreement, fully understand its contents, and agree to all terms herein detailed. I (We) have also reviewed the Good Faith Estimate and Truth-In-Lending disclosures and intend to proceed with this transaction. I (We) also understand that this document is not a commitment or agreement to grant the mortgage loan requested. If my (our) lock-in will expire prior to the anticipated closing date detailed in my/our contract of sale, I (we) acknowledges that the lock-in is at my/our full expense and risk. (APPLICANT) (DATE) (APPLICANT) (DATE) (APPLICANT) (DATE) (APPLICANT) (DATE) THIS SECTION IS TO BE COMPLETED BY COLUMBIA BANK PERSONNEL LOAN PRODUCT: INTEREST RATE LOCKED-IN: % If final debt-to-income ratio is less than or equal to 45.0%. INTEREST RATE LOCKED-IN: % If final debt-to-income ratio exceeds 45.00% TOTAL POINTS LOCKED-IN: % (Due at closing) FEES RECEIVED AT LOCK-IN $ CHECK # $ Lock-In Fee + Check also includes Flood Certification Fee Appraisal Fee Credit Report Fee The $ lock-in fee or commitment fee will be refunded when the loan closes. INTEREST RATE LOCK-IN AGREEMENT EXPIRATION DATE: COLUMBIA BANK, (AUTHORIZED SIGNATURE) DATE 1/13 4 of 4

27 FOR CURRENT INTEREST RATES PLEASE CALL Or Visit CONSTRUCTION LOAN INTEREST RATE LOCK-IN POLICY AND AGREEMENT This Agreement (also known as the Interest Rate Lock-in Agreement ) contains important information about our lock-in policy and lock-in/commitment fee. Even if you do not wish to lock-in the interest rate, we still require that you read this information. This Agreement outlines how your interest rate will be determined on your mortgage loan. If after reading the text of this Agreement, you wish to lock-in your rate, please complete the section on page three. FEES REQUIRED AT LOCK-IN/COMMITMENT If you wish to lock-in prior to commitment, you must pay us a one point (1%) lock-in fee at the time of lock-in together with the application fee, flood certification fee, the appraisal fee and the credit report fee, if not already paid. If you have not locked-in by commitment, then you will have to pay us a one point (1%) commitment fee plus all fees due by commitment acceptance. The one point (1%) fee will be collected one time at lock-in or commitment. This one point (1%) lock-in fee or commitment fee will be refunded when your loan closes. If your loan does not close, this money will not be refunded. LOCK-IN POLICY INFORMATION IT IS VERY IMPORTANT THAT YOU READ AND UNDERSTAND OUR INTEREST RATE LOCK-IN POLICIES AS EXPLAINED IN THIS DOCUMENT PRIOR TO EXECUTING AN INTEREST RATE LOCK-IN AGREEMENT. THE LOCK-IN OPTION IS AT YOUR FULL EXPENSE AND RISK. LOCK-INS ARE SPECULATIVE IN NATURE. Columbia Bank ( Columbia ) will normally process, review and make a decision on a mortgage application in 45 days. Circumstances beyond our control may affect the timely completion of the mortgage process. Columbia also requires the submission of a complete application including a Contract of Sale (if applicable), and payment of the appropriate fees at the time you lock-in. For Pre-Approval Certificate Program applicants, an application will be considered finalized once a Contract of Sale, Property Description Sheet, and Uniform Residential Loan Application Addendum are submitted. Columbia Bank will set an interest rate on the date we receive your finalized application. LOCKING-IN A RATE Columbia Bank will set an interest rate on the date we receive your application for a mortgage or finalized application for a Pre-approval Certificate Program (either hereinafter referred to as Application ). From the seventh (7 th ) business day (Saturday is considered a business day) through the tenth (10 th ) business day from the date we receive your Application, you can lock a rate for a period of 60 days for a refinance transaction or 90 days for a purchase transaction by executing this Agreement. Executing this Agreement is accomplished by completing the section entitled Please Complete this Section if you Wish to Lock-In Your Rate on page three (3), signing where indicated and paying the appropriate fees (see the section below entitled Fees Required to Lock-In ). The lock-in rate will be determined as follows: The rate that will be locked-in will be the lowest rate in effect from the date we received your Application through the date that you choose to lock-in (from the 7 th business day through the 10 th business day). For example, if the rate at Application (day 1) was 6.00%, and the rate changed to 6.25% on day 4, and you choose to lock-in on day 7, the lock-in rate would be 6.00%. In the same example, if on day 8 the rate changes to 5.875% and you choose to lock-in on day 10, the lock-in rate would be 5.875%. If you do not choose to lock in the rate by the tenth (10 th ) business day from the date we receive your Application, then your rate will float. You may then lock-in the rate for a period of 60 days for a refinance or 90 days for a purchase at any time prior to commitment by executing this Agreement. Executing this Agreement is accomplished when you have completed the section entitled, Please Complete this Section if you Wish to Lock-In Your Rate on page three (3), signed where indicated, paid the appropriate fees (see the section below entitled Fees Required to Lock-In ), and the lock has been signed and dated by a Columbia Bank representative authorized to Lock-In the rate. If you elect not to lock-in your rate, we urge you to regularly evaluate interest rates by calling Columbia's TOLL FREE CUSTOMER SERVICE NUMBER (the telephone number is at the top of this page). However, at no time will any of Columbia's employees or representatives predict future interest rate changes. LOCKING IN PRIOR TO COMMITMENT If you lock-in prior to commitment, your rate will be locked for 60 days for a refinance or 90 days for a purchase. If you have locked-in and we issue a commitment after you have locked, the commitment will expire when your lock-in agreement expires. You will have a shorter period of time before you must close, since you will not have the full commitment period of 60 or 90 days (see below). RATE LOCKED IN AT COMMITMENT If you do not choose to lock-in prior to commitment, then on the date the commitment is issued, the rate will be set at the prevailing rate for the loan product requested. The commitment expiration date will be 60 days for a refinance or 90 days for a purchase from the date the commitment was issued. 5/11 DRC

28 IF YOUR COMMITMENT (AND LOCK-IN RATE) EXPIRES If your commitment expires for any reason and you need an extension of the commitment, the extension may be granted as follows: Purchase Transactions An extension, if granted, will be UP TO a 60 DAY PERIOD at the locked-in interest rate (stated on the commitment) or the interest rate in effect on the date the extension request is received by Columbia, whichever is higher. Refinance Transactions An extension, if granted, will be UP TO a 30 DAY PERIOD at the locked-in interest rate (stated on the commitment) or the interest rate in effect on the date the extension request is received by Columbia, whichever is higher. Only one extension will be granted. All extensions will be subject as required to credit documentation updates as well as continued loan program eligibility guidelines. Columbia Bank reserves the right not to grant an extension and/or to decline any prior approved loan if the applicant(s) no longer qualifies(y) based on a rise in the interest rates, credit documentation updates, or loan program eligibility guidelines. DELIVERY OPTIONS AVAILABLE TO OBTAIN A RATE LOCK-IN PRIOR TO COMMITMENT: 1. Hand deliver, during normal business hours on the 7 th business day or after (from Columbia Bank s receipt of your application), this Agreement executed by you, and the one point (1%) lock-in fee together with the application fee, flood certification fee, the appraisal fee, and the credit report fee, if not already paid, if you wish to lock-in in accordance with the terms of this Agreement. (Pre-Approval Certificate Program Applicants are ineligible until submission of the Contract of Sale and other required documentation. See your program disclosure). Hand deliver to: A. Columbia Bank, Corporate Headquarters, Route 208, Fair Lawn NJ 07410, or B. Columbia Bank at Echelon Road & White Horse Road, P.O. Box 1645, Voorhees, NJ 08043, or C. Any Columbia Bank branch location. OR 2. Send this Agreement executed by you and the one point (1%) lock-in fee together with the application fee, flood certification fee, appraisal fee and the credit report fee, if not already paid, via overnight return receipt mail to either address A or B above on the 6 th business day or after (from Columbia Bank s receipt of your application). Once received, we will lock in your rate in accordance with the terms of this agreement. In order to expedite the processing of the Interest Rate Lock-in Agreement, we recommend that it be hand delivered to Corporate Headquarters (see A above). OR 3. Fax this Agreement and a copy of the check in the amount of the one point (1%) lock-in fee together with the application fee, flood certification fee, the appraisal fee and the credit report fee, if not already paid to (201) on the 7th business day or after (from Columbia Bank s receipt of your application). We will lock in your rate in accordance with the terms of this Agreement when Columbia receives the faxed copies of the Agreement and check in the required amount. Send the original Agreement and check via overnight return receipt mail to Columbia Bank, Route 208 N, Fair Lawn NJ ATTENTION: Mortgage Department. The lock will be rescinded if the original Agreement and check are not received by the second business day after the fax was received (example fax received on Monday, Agreement and check must be received by Wednesday). ADDITIONAL INFORMATION 1. The actual rate that will be locked-in will be determined by the terms of this Agreement, our credit and underwriting policies, and must be confirmed in writing by a representative of Columbia who has signed and returned a fully executed copy to you. 2. The lock-in granted is valid only for the loan program listed on this Agreement that corresponds to the data in the loan application. If you want to change the loan program and lock-in prior to commitment, a new Interest Rate Lock-In Agreement will need to be signed. The new lock-in rate will be the rate in effect on the date the original interest rate was locked-in by a Columbia Representative or the rate in effect when the new interest rate is to be locked-in by a Columbia Representative for the new loan program, whichever is higher. A new lock-in period will apply. 3. The lock-in granted is valid only for the property address listed on this Agreement that corresponds to the data in the loan application. If you want to change the property address, and lock-in prior to commitment, a new Interest Rate Lock-In Agreement will need to be signed. The new lock-in rate will be the rate in effect on the date the new interest rate was locked-in by a Columbia Representative for the new property address. A new lock-in period will apply. 4. Columbia will make a good faith effort to process your mortgage loan application and/or stand ready to fulfill the terms of any commitment issued before the expiration date of the lock-in agreement and any subsequent extension. 5. If this is a purchase transaction and your contract of sale is canceled by the seller(s) or buyer(s) for any valid reason stated in the contract, you will receive a full refund of any interest rate lock-in fee or commitment fee that you have paid. Proof satisfactory to the Bank must be provided verifying the contract cancellation. 6. If your loan application is denied by Columbia, your 1 point (1%) lock-in or commitment fee will be refunded. 5/11 DRC 2 of 3

29 PLEASE COMPLETE THIS SECTION IF YOU WISH TO LOCK-IN YOUR RATE IF YOU ARE REQUESTING A LOCK-IN AT THIS TIME, PLEASE COMPLETE AND SIGN THIS PAGE AND RETURN (SEE PAGE 2 FOR DELIVERY OPTIONS) ALONG WITH THE REQUIRED LOCK-IN FEE, APPLICATION FEE, FLOOD CERTIFICATION FEE, APPRAISAL FEE, AND CREDIT REPORT FEE, IF NOT ALREADY PAID. A COPY WILL BE RETURNED TO YOU INDICATING YOUR APPROVED RATE AND LOCK-IN PERIOD. LOAN DATE: LOAN AMOUNT:$ PRODUCT BORROWER: PROPERTY ADDRESS: Owner Occupied Primary Residence RATE LOCK REQUEST I (We) wish to lock-in an interest rate of % with total points of % for a period not to exceed 60 days for a refinance or 90 days for a purchase. I (we) understand that a 1 point (1%) lock-in fee $ ) plus the application fee, flood certification fee, the appraisal fee and the credit report fee totaling $ ) are due now at my interest rate lock-in. These are the fees that you would have normally collected from me at commitment. I(we) understand that the 1 point (1%) lock-in fee or commitment fee will be refunded when the loan closes. I(we) understand that if my final debt-to-income ratio (after you have verified all of my financial data) exceeds 45.0%, Columbia may consider this to be a high debt-to-income ratio loan and 1/8 th of 1% will be added to the rate. I/we understand that this higher rate will also be outlined below ( see If final debt-to-income ratio exceeds 45.00% section) when the Interest Rate Lock-In Agreement is executed by the Bank. I (We) have carefully read this agreement, fully understand its contents, and agree to all terms herein detailed. I (We) also understand that this document is not a commitment or agreement to grant the mortgage loan requested. If my (our) lock-in will expire prior to the anticipated closing date detailed in my/our contract of sale, I (we) acknowledges that the lock-in is at my/our full expense and risk. (APPLICANT) (DATE) (APPLICANT) (DATE) (APPLICANT) (DATE) (APPLICANT) (DATE) TO BE COMPLETED BY AUTHORIZED BANK PERSONNEL APPLICANT S LAST NAME LOAN PRODUCT: INTEREST RATE LOCKED-IN: % if final debt-to-income ratio is less than or equal to 45.0%. INTEREST RATE LOCKED-IN: % If final debt-to-income ratio exceeds 45.00% TOTAL POINTS LOCKED-IN: % (Due at closing) FEES RECEIVED AT LOCK-IN $ CHECK # 1% Lock-In Fee + Check also includes Application Fee Flood Certification Fee Appraisal Fee Credit Report Fee The 1% lock-in fee or commitment fee will be refunded when the loan closes. INTEREST RATE LOCK-IN AGREEMENT EXPIRATION DATE: COLUMBIA BANK (DATE) (AUTHORIZED SIGNATURE) 5/11 DRC 3 of 3

30 INTEREST RATE LOCK-IN POLICY AND AGREEMENT ACKNOWLEDGEMENT Included in your mortgage application package is Columbia Bank s Interest Rate Lock-in Policy and Agreement form. Whether you are interested in a rate lock-in or not interested in a rate lock-in you are still required to read the information found in this Agreement. Please sign below acknowledging that you have read the Interest Rate Lock-in Policy and Agreement. Acknowledgement: I (We) have carefully read the INTEREST RATE LOCK-IN POLICY AND AGREEMENT form and fully understand its contents. Applicant Date Applicant Date Applicant Date Applicant Date address: 8/10

31 APPRAISAL CERTIFICATION (PLEASE RETAIN A COPY FOR YOUR RECORDS AND RETURN THE ORIGINAL WITH YOUR APPLICATION) I/we understand and agree that the appraisal of the property we are purchasing or refinancing has been made solely for the purpose of determining the Bank s position with respect to protecting its interest and in no manner can be construed as an approval or warranty as to the soundness of any of the properties, structural components, mechanical structures, etc. Certifications will be required, prior to closing, from a local health authority or private engineer that the individual septic and/or water supply systems are functioning satisfactorily and with proper maintenance are not likely to create an unsanitary condition. You have the right to a copy of the appraisal report used in connection with your application upon receipt of payment of the appraisal fee. If you wish a copy, you must make your request in writing and mail to: Columbia Bank Attn: Mortgage Department Route 208 N Fair Lawn, NJ We must hear from you no later than 90 days from the date we notify you about the action taken on your credit application or from the date you withdraw your application. In your letter please include the following information: 1. Applicant s Name 2. The subject property address 3. A check to cover the appropriate appraisal fee (if not previously paid) 4. Original signatures of all applicants I/we acknowledge receipt of this disclosure: Applicant Date Applicant Date Applicant Date Applicant Date 2/09

32 Property Description Sheet ASSIGNED FHA APPRAISER FHA CASE #: CB LOAN# BORROWER(S) NAME(S) PROPERTY ADDRESS CITY COUNTY STATE ZIP CODE NEAREST INTERSECTING STREET MORTGAGE REQUEST $ LEGAL DESCRIPTION LOT BLOCK YEAR BUILT PURCHASE PRICE (IF APPLICABLE) $ IF PURCHASE, CONTRACT DATE (PLEASE SUBMIT COPY OF FULLY EXECUTED CONTRACT) ANNUAL REAL ESTATE TAXES $ IF CONDO OR PUD, LIST MONTHLY MAINTENANCE FEE $ IF PROPERTY IS A CONDOMINIUM, LIST PROJECT NAME: CONDO ASSOCIATION CONTACT S PHONE # FAX # The following information is of vital importance in obtaining an accurate and speedy appraisal. PROPERTY DESCRIPTION NUMBER of ROOMS NUMBER of BEDROOMS NUMBER OF BATHS (Please Circle One) CONDOMINIUM CAPE COD BI-LEVEL RANCH COLONIAL BUNGALOW SPLIT-LEVEL OTHER IS PROPERTY A PUD (PLANNED UNIT DEVELOPMENT)? Is this home centrally heated? YES NO Is the street surface paved? YES NO Is the street town maintained? YES NO UTILITIES: Sanitary Sewer Septic System Other Public Water Private Well Other INDIVIDUAL TO CONTACT FOR APPRAISAL APPOINTMENT Contact Telephone # Contact Cell # Assigned Processor Date Ordered: 10/08

33 AUTHORIZATION TO RELEASE INFORMATION REGARDING YOUR APPLICATION I authorize Columbia Bank to exchange any information with my attorney, title company, or realtor regarding the mortgage loan for which I am applying. Signatures in this section are optional. Applicant Signature Date Applicant Signature Date Applicant Signature Date Applicant Signature Date VERIFICATION AUTHORIZATION - PLEASE SIGN ALL FOUR SECTIONS BELOW I have applied for an extension of credit from Columbia Bank (the lender) and authorize you to release any information regarding my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances that I might maintain with your company or institution. I further authorize Columbia Bank to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references. If my loan is chosen for quality control, this will further serve as authorization for you to re-verify the information. It is understood that a photocopy of this form will also serve as authorization Applicant Signature Applicant Signature I have applied for an extension of credit from Columbia Bank (the lender) and authorize you to release any information regarding my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances that I might maintain with your company or institution. I further authorize Columbia Bank to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references. If my loan is chosen for quality control, this will further serve as authorization for you to re-verify the information. It is understood that a photocopy of this form will also serve as authorization Applicant Signature Applicant Signature I have applied for an extension of credit from Columbia Bank (the lender) and authorize you to release any information regarding my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances that I might maintain with your company or institution. I further authorize Columbia Bank to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references. If my loan is chosen for quality control, this will further serve as authorization for you to re-verify the information. It is understood that a photocopy of this form will also serve as authorization Applicant Signature Applicant Signature I have applied for an extension of credit from Columbia Bank (the lender) and authorize you to release any information regarding my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances that I might maintain with your company or institution. I further authorize Columbia Bank to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references. If my loan is chosen for quality control, this will further serve as authorization for you to re-verify the information. It is understood that a photocopy of this form will also serve as authorization Applicant Signature Applicant Signature Rev 2/13

34 Form 4506-T (Rev. January 2010) Department of the Treasury Internal Revenue Service Request for Transcript of Tax Return Request may be rejected if the form is incomplete or illegible. OMB No Tip. Use Form 4506-T to order a transcript or other return information free of charge. See the product list below. You can also call to order a transcript. If you need a copy of your return, use Form 4506, Request for Copy of Tax Return. There is a fee to get a copy of your return. 1a Name shown on tax return. If a joint return, enter the name shown first. 1b First social security number on tax return or employer identification number (see instructions) 2a If a joint return, enter spouse s name shown on tax return. 2b Second social security number if joint tax return 3 Current name, address (including apt., room, or suite no.), city, state, and ZIP code 4 Previous address shown on the last return filed if different from line 3 5 If the transcript or tax information is to be mailed to a third party (such as a mortgage company), enter the third party s name, address, and telephone number. The IRS has no control over what the third party does with the tax information. Caution. If the transcript is being mailed to a third party, ensure that you have filled in line 6 and line 9 before signing. Sign and date the form once you have filled in these lines. Completing these steps helps to protect your privacy. 6 Transcript requested. Enter the tax form number here (1040, 1065, 1120, etc.) and check the appropriate box below. Enter only one tax form number per request. a Return Transcript, which includes most of the line items of a tax return as filed with the IRS. A tax return transcript does not reflect changes made to the account after the return is processed. Transcripts are only available for the following returns: Form 1040 series, Form 1065, Form 1120, Form 1120A, Form 1120H, Form 1120L, and Form 1120S. Return transcripts are available for the current year and returns processed during the prior 3 processing years. Most requests will be processed within 10 business days b c Account Transcript, which contains information on the financial status of the account, such as payments made on the account, penalty assessments, and adjustments made by you or the IRS after the return was filed. Return information is limited to items such as tax liability and estimated tax payments. Account transcripts are available for most returns. Most requests will be processed within 30 calendar days.. Record of Account, which is a combination of line item information and later adjustments to the account. Available for current year and 3 prior tax years. Most requests will be processed within 30 calendar days Verification of Nonfiling, which is proof from the IRS that you did not file a return for the year. Current year requests are only available after June 15th. There are no availability restrictions on prior year requests. Most requests will be processed within 10 business days.. 8 Form W-2, Form 1099 series, Form 1098 series, or Form 5498 series transcript. The IRS can provide a transcript that includes data from these information returns. State or local information is not included with the Form W-2 information. The IRS may be able to provide this transcript information for up to 10 years. Information for the current year is generally not available until the year after it is filed with the IRS. For example, W-2 information for 2007, filed in 2008, will not be available from the IRS until If you need W-2 information for retirement purposes, you should contact the Social Security Administration at Most requests will be processed within 45 days... Caution. If you need a copy of Form W-2 or Form 1099, you should first contact the payer. To get a copy of the Form W-2 or Form 1099 filed with your return, you must use Form 4506 and request a copy of your return, which includes all attachments. 9 Year or period requested. Enter the ending date of the year or period, using the mm/dd/yyyy format. If you are requesting more than four years or periods, you must attach another Form 4506-T. For requests relating to quarterly tax returns, such as Form 941, you must enter each quarter or tax period separately. Signature of taxpayer(s). I declare that I am either the taxpayer whose name is shown on line 1a or 2a, or a person authorized to obtain the tax information requested. If the request applies to a joint return, either husband or wife must sign. If signed by a corporate officer, partner, guardian, tax matters partner, executor, receiver, administrator, trustee, or party other than the taxpayer, I certify that I have the authority to execute Form 4506-T on behalf of the taxpayer. Note. For transcripts being sent to a third party, this form must be received within 120 days of signature date. Telephone number of taxpayer on line 1a or 2a Sign Here Signature (see instructions) Date Title (if line 1a above is a corporation, partnership, estate, or trust) Spouse s signature Date For Privacy Act and Paperwork Reduction Act Notice, see page 2. Cat. No N Form 4506-T (Rev )

35 Form 4506-T (Rev ) Page 2 General Instructions Purpose of form. Use Form 4506-T to request tax return information. You can also designate a third party to receive the information. See line 5. Tip. Use Form 4506, Request for Copy of Tax Return, to request copies of tax returns. Where to file. Mail or fax Form 4506-T to the address below for the state you lived in, or the state your business was in, when that return was filed. There are two address charts: one for individual transcripts (Form 1040 series and Form W-2) and one for all other transcripts. If you are requesting more than one transcript or other product and the chart below shows two different RAIVS teams, send your request to the team based on the address of your most recent return. Automated transcript request. You can call to order a transcript through the automated self-help system. Follow prompts for questions about your tax account to order a tax return transcript. Chart for individual transcripts (Form 1040 series and Form W-2) If you filed an individual return and lived in: Florida, Georgia, North Carolina, South Carolina Alabama, Kentucky, Louisiana, Mississippi, Tennessee, Texas, a foreign country, or A.P.O. or F.P.O. address Alaska, Arizona, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming Arkansas, Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia Mail or fax to the Internal Revenue Service at: RAIVS Team P.O. Box Stop 91 Doraville, GA RAIVS Team Stop 6716 AUSC Austin, TX RAIVS Team Stop Fresno, CA RAIVS Team Stop 6705 P-6 Kansas City, MO Chart for all other transcripts If you lived in or your business was in: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, Wyoming, a foreign country, or A.P.O. or F.P.O. address Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, West Virginia, Wisconsin Mail or fax to the Internal Revenue Service at: RAIVS Team P.O. Box 9941 Mail Stop 6734 Ogden, UT RAIVS Team P.O. Box Stop 2800 F Cincinnati, OH Line 1b. Enter your employer identification number (EIN) if your request relates to a business return. Otherwise, enter the first social security number (SSN) shown on the return. For example, if you are requesting Form 1040 that includes Schedule C (Form 1040), enter your SSN. Line 6. Enter only one tax form number per request. Signature and date. Form 4506-T must be signed and dated by the taxpayer listed on line 1a or 2a. If you completed line 5 requesting the information be sent to a third party, the IRS must receive Form 4506-T within 120 days of the date signed by the taxpayer or it will be rejected. Individuals. Transcripts of jointly filed tax returns may be furnished to either spouse. Only one signature is required. Sign Form 4506-T exactly as your name appeared on the original return. If you changed your name, also sign your current name. Corporations. Generally, Form 4506-T can be signed by: (1) an officer having legal authority to bind the corporation, (2) any person designated by the board of directors or other governing body, or (3) any officer or employee on written request by any principal officer and attested to by the secretary or other officer. Partnerships. Generally, Form 4506-T can be signed by any person who was a member of the partnership during any part of the tax period requested on line 9. All others. See Internal Revenue Code section 6103(e) if the taxpayer has died, is insolvent, is a dissolved corporation, or if a trustee, guardian, executor, receiver, or administrator is acting for the taxpayer. Documentation. For entities other than individuals, you must attach the authorization document. For example, this could be the letter from the principal officer authorizing an employee of the corporation or the Letters Testamentary authorizing an individual to act for an estate. Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to establish your right to gain access to the requested tax information under the Internal Revenue Code. We need this information to properly identify the tax information and respond to your request. You are not required to request any transcript; if you do request a transcript, sections 6103 and 6109 and their regulations require you to provide this information, including your SSN or EIN. If you do not provide this information, we may not be able to process your request. Providing false or fraudulent information may subject you to penalties. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, and cities, states, and the District of Columbia for use in administering their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section The time needed to complete and file Form 4506-T will vary depending on individual circumstances. The estimated average time is: Learning about the law or the form, 10 min.; Preparing the form, 12 min.; and Copying, assembling, and sending the form to the IRS, 20 min. If you have comments concerning the accuracy of these time estimates or suggestions for making Form 4506-T simpler, we would be happy to hear from you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee, SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW, IR-6526, Washington, DC Do not send the form to this address. Instead, see Where to file on this page.

36 NOTICE AND DISCLOSURE REGARDING ATTORNEY REPRESENTATION (Please retain a copy for your records and return the original with your application) In connection with your mortgage application and loan closing, Columbia Bank as the lender, will be providing you, the borrower, with several legal documents that contain various disclosures and set forth the terms of this transaction. In accordance with state law, we wish to advise you that: (i) your interests are or may be different than ours and may conflict; (ii) our attorney represents only us and not you; and therefore, (iii) we recommend that you retain an attorney of your choice to represent your interests in this transaction. Please retain a copy for your records and return the original with your application. I/We acknowledge receipt of this disclosure. Applicant Date Applicant Date Applicant Date Applicant Date PLEASE LIST YOUR CLOSING AGENT BELOW: Closing Attorney (must be licensed or authorized to practice law in New Jersey) or Title Company: Name Address Telephone # Fax # Please indicate mortgage product requested and circle NUMBER OF POINTS: 0, 1, 2, 3 ARMS HAVE 30 YEAR TERM 30 YR. FIXED 30 YR.FIXED BIWEEKLY 1/1YR. ARM (construction) 25 YR. FIXED 20 YR.FIXED BIWEEKLY 3/1 YR. ARM 20 YR. FIXED 15 YR.FIXED BIWEEKLY 5/1 YR. ARM 15 YR. FIXED 7/1 YR. ARM 10 YR. FIXED 10/1 YR. ARM 2/09

37 SOURCE OF FUNDS STATEMENT (Complete for purchase transactions) I/we certify that the source for the initial down payment in the amount of $ was derived from, and the remaining funds Name of Bank/Source Account # for the down payment and closing will be derived from, Name of Bank/Source. Account # s I/we certify that these funds are not borrowed in any way. Date Applicant Applicant Applicant Applicant Rev 01/08