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Home Loans

Location, location, location

Modern design or classic style. One floor or more. Right in town or country living. When you're house-hunting, it's all about finding the right fit. The same goes for your home loan. When you're ready to make the big move, we can set you up with a loan that feels just as comfortable as your new home.

Type of Loan	Purchase Rate/APR Points	Refinance Rate/APR Points	Cash-Out Refinance Rate/APR Points
30 Year	3.625 %/3.776 % 0 Points	3.625 %/3.776 % 0 Points	3.875 %/4.028 % 0 Points
20 Year	3.250 %/3.458% 0 Points	3.250%/3.458 % 0 Points	3.625%/3.836 % 0 Points
15 Year	2.750%/3.015% 0 points	2.750 %/3.015 % 0 points	3.125 %/3.393% 0 points
10 year	2.500%/2.885% 0 points	2.500 %/2.885% 0 points	3.000 %/3.388 % 0 points

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^{APR equals Annual Percentage Rate. Representative example: 20% down payment, $150,000 financed at 2.885% APR for 120 months equals an approximate payment of $1414.00 Your credit score, down payment, loan amount or other characteristics may be different than the enclosed example. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 1/24/2022, 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.}

Conventional Mortgages

There are benefits to having your mortgage at TLC.

Government Home Loans

TLC helps you obtain FHA, VA, and Rural Development home loans.

Home Equity

You work hard on your home. Make sure it works hard for you too!

Home Improvement Loans

Unsecured loan to turn your home into a showcase or to make needed repairs.

How to Apply

We make it easy to get a loan you’ll love.

Calculators

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Run the numbers to get the complete financial picture.

Traditional Home Loan Comparison Chart

	Conventional	Home Improvement	Home Equity	Second Homes
Rate Lock¹					Rate Lock¹
Escrow Accounts	*			*	Escrow Accounts
Will TLC service my loan?²					Will TLC service my loan?²
Location for home	Michigan and Ohio	Michigan and Ohio	Michigan and Ohio	Michigan and Ohio	Location for home
Private Mortgage Insurance Required	If less than 20% equity is available	N/A	N/A	If less than 20% equity is available	Private Mortgage Insurance Required
Pre-approval available					Pre-approval available
Maximum Loan Amount³	$510,400	$25,000	$200,000	$510,400	Maximum Loan Amount³

¹ = Rate lock is our commitment to an interest rate so you don't have to worry about your rate going up while your shopping for your home.

² = TLC will be with you from pre-approval until you pay off your home loan. Make your payments at TLC and talk to a decision maker any time you have questions.

³ = Total loan amount for all real estate loans is $510,400

Government Home Loan Comparison Chart

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	FHA	VA	MSHDA	USDA / Rural Development
Escrow Accounts					Escrow Accounts
Location for home			State of Michigan		Location for home
Minimum down payment	3.5%	0%	N/A	0%	Minimum down payment
Government Issued					Government Issued
Term Lengths	Up to 30 years	Up to 30 years	Up to 30 years	Up to 30 years	Term Lengths
Private Mortgage Insurance Required		Not required			Private Mortgage Insurance Required
Pre-approval available					Pre-approval available
Maximum Loan Amount¹	$331,760	$510,400	$224,500	$265,400	Maximum Loan Amount¹
Debt to Income requirement	mortgage payment = 31%, total payments = 43%	41%	45%	mortgage payment = 34%, total payments = 46%	Debt to Income requirement

¹ = Total loan amount for all real estate loans is $510,400

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