Inter-Lake Mortgage Company, LLC
2675 44Th Street SW
Wyoming, MI 49519

Land Loan Specialist
20% Down payment

Veteran for Veterans
Zero Down Mortgage Loan

Rural Development Loans
Zero Down payment

Michigan FHA Mortgage Loans 3.50% Down Payment

Michigan FHA & VA Approved Lender
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Phone (616) 301-1811
Fax (616) 301-2447
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Copyright 2004 - 2012
Inter-Lake Mortgage Company, LLC
( all rights reserved )
Michigan Mortgage License
NMLS No. # 139327

Closing Cost Information

Closing Cost Fees
Mortgage costs for many buyers can be overwhelming. You can always negotiate the price of the home including mortgage closing costs. Some sellers are willing to cover a percentage of the costs involved with closing on a loan. This will decrease the amount of money out of pocket you need to deliver on the day of the closing. This is for purchase loans only.

The settlement statement charges and name of the fees may be different from state to state. At Inter-Lake-Lending we charge the very minimum and find the lowest cost saving services (title company). You have the right to choose who you want to use for the services. When you receive a good faith estimate at the time (within 3 business days) when you applied for a loan - please check all the fees charged - remember to take it with you to the closing of your loan. You can apply online with us today and find out what are the minimum costs of doing a loan.

Inter-Lake Mortgage Company, LLC
considers "JUNK FEES" as: Application fee, discount points, funding fee, admin. fee, cancel fee, broker fee, or any other fee not paid to a third party for services, except the processing fee. We want you to save money.

Closing Costs Information
This is very important to know what are your closing costs and who receives the money for the service! Below are standard fees charged by third party services, plus closing cost fees to look out for.

Here is the list of line item fees on your good faith estimate you received.

The closing cost charges and name of the fees may be different from state to state. At Inter-Lake-Lending we charge the very minimum and find the best and cost saving title company service. When you receive a good faith estimate at the time you applied for a loan please check all the fees charged - remember to take it with you to the closing.

What Inter-Lake Mortgage Company, LLC
considers "JUNK FEES": Application fee, discount points, funding fee, admin. fee, cancel fee, broker fee, or any other fee not paid to a third party for services, only one may be processing fee.

Fees

To Whom

Cost Range

Origination Fee

Inter-Lake Mortgage Co.

$0.00

Appraisal Fee

Appraisal Company

$275.00 - $450.00

Credit Report

Credit Agency

$3.00 - $ 45.00

Tax Service Fee

Lender

$72.00

Application Fee

Inter-Lake Mortgage Coy

$0.00

Processing Fee

Inter-Lake Mortgage Co

$450.00

Flood Cert.

Lender

$4.00

Lender Fee

Lender

$450.00 - $795.00

*Pre-Paid Interest

Lender

$0.00

*Homeowner Insurance

Insurance Company

$0.00

*Property Taxes

Tax Authority

$0.00

*Other Taxes

Tax Authority

$0.00

Closing Fee

Title Company

$75.00 - $350.00

Title Insurance

Title Company

$150.00 - $1,200.00

Recording Fee

Country Clerk

$51.00 - $100.00

Total Estimate

$1,819

* Not Included

Loan Amount Based on $200,000, 20% Equity, Good Credit, Single Family Resident, Owner Occupied

BBB
A+ Rating

Veteran Owned Company

Current Rates

30 Yr Fixed
$200,000
4.125%
APR 4.507%
15 Yr. Fixed
$200,000
3.375%
APR 3.633%
FHA Rate
$200,000
3.625%
APR 4.125%
30 Yr Jumbo
$500,000
5.125%
APR 5.220%
15 Yr Jumbo
$500,000
4.750%
APR 4.925%
30 Yr Land
$100,000
5.350%
APR 5.565%
15 Yr Land
$100,000
4.450%
APR 4.816%
Float Land
$100,000
3.750%
APR 4.025%
Prime Rate 3.250%
Commercial
$500,000
6.375%
APR 6.723%

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Interest Rates, Mortgage program terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Loans are subject to credit review and approval. Properties securing all loans must be located in the U.S. Other restrictions and limitations may apply