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Home Loan Rate Details
All the right moves
Loan rate isn't the only factor when considering which loan is right for you but it can give you a good idea for what you can afford. TLC offers affordable home loans designed to fit your individual needs. Visit the cards below to see examples of our affordable options. Use the calculators to refine what you're looking for.
Whether you're looking for a low rate, low fees or flexible terms our Home Loan experts will roll out the welcome mat. Let's get started together.
- Find out how much you can borrow through our pre-approval process
- Apply for your loan online, in-office(Opens in a new Window) or by calling us at (517) 263-9120
- Know your credit by checking your credit report yearly
Purchase Rates
Rate examples for purchasing a home and financing it through TLC
Refinance Rates
If your goal is a lower payment or faster payoff, consider a refinance
Cash-out Re-Fi Rates
Consolidate bills or make a major purchase, Cash-Our Refinancing may be for you.
Calculators
Run the numbers to get the complete financial picture.
Purchase Rates
Current Purchase Rates
30 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 30 year fixed | 5.125%/5.290 % | $817.00 |
20 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 20 year fixed | 4.875 % / 5.096 % | $980.00 |
15 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 15 year fixed | 4.375 % / 5.625 % | $1,138.00 |
10 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 10 year fixed | 4.125 % / 4.521 % | $1,528.00 |
The above rate is based off of the following assumptions for your Home Loan:
- APR = Annual Percentage Rate
- Credit score 740 or higher
- LTV 80% (20% down payment)
- Loan amount of $150,000
- Purchase
- Owner occupied/single family home
- No secondary financing
- Escrow for taxes and insurance
- 45-day lock
- Finance charges include $935 origination fee, $12 flood certification fee and $84 tax service fee. Additional closing costs apply.
Please note that if your credit score, down payment, loan amount or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 05/20/2022 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation will be higher. Please contact your Mortgage Loan Expert for specific, customized pricing for your financial situation.
Refinance Rates
Current Refinance Rates
30 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 30 year fixed | 5.750 % / 5.921 % | $817.00 |
20 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 20 year fixed | 4.875% / 5.096% | $980.00 |
15 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 15 year fixed | 4.375% / 4.652% | $1,138.00 |
10 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 10 year fixed | 4.125% / 4.521% | $1,528.00 |
The above rate is based off of the following assumptions for your Home Loan:
- APR = Annual Percentage Rate
- Credit score 740 or higher
- LTV 80% (20% down payment)
- Loan amount of $150,000
- Rate/term refinance
- Owner occupied/single family home
- No secondary financing
- Escrow for taxes and insurance
- 45-day lock
- Finance charges include $935 origination fee, $12 flood certification fee and $84 tax service fee. Additional closing costs apply.
Please note that if your credit score, down payment, loan amount or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 05/20/2022 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation will be higher. Please contact your Mortgage Loan Expert for specific, customized pricing for your financial situation.
Cash-Out Refinance Rates
Current Cash-Out Refinance Rates
30 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 30 year fixed | 5.750% / 5.921% | $875.00 |
20 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 20 year fixed | 5.500% / 5.726% | $1,032.00 |
15 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 15 year fixed | 5.000% / 5.282% | $1,186.00 |
10 Year Fixed
| Term | Rate / APR | Payment |
|---|---|---|
| 10 year fixed | 4.625%/ 5.025% | $1,564.00 |
The above rate is based off of the following assumptions for your Home Loan:
- APR = Annual Percentage Rate
- Credit score 740 or higher
- LTV 80% (20% down payment)
- Loan amount of $150,000
- Cash-out refinance
- Owner occupied/single family home
- No secondary financing
- Escrow for taxes and insurance
- 45-day lock
- Finance charges include $935 origination fee, $12 flood certification fee and $84 tax service fee. Additional closing costs apply.
Please note that if your credit score, down payment, loan amount or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 05/20/2022 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation will be higher. Please contact your Mortgage Loan Expert for specific, customized pricing for your financial situation.
Calculators
What if?
Take the guessing game out of the home loan process. Here are a few of our favorite calculators to help you through the home loan process.