Mortgage Interest Rates

Receive an interest only loan through Inter-Lake Mortgage Company of Michigan.

Build equity at the same time as your loan matures.

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Michigan Interest Rates

Inter-Lake Mortgage Company helps Michigan citizens purchase their first homes, and guide them through the process of low cost financing and the stress of making the big decision. We have over 19+ years of experience. This is a great time to buy, Michigan is a true buyers market. Simply there are so many homes on the market and not enough buyers, they may consider a lower offer and get your closing costs paid by seller and to receive a lower interest rate. Apply online today.

Program Type

Interest Rates

Points

APR

Apply Online

15 Year Fixed

Based on a $150,000 Loan

Click for
Payment Calculator

5.500%

2.000

5.625%

5.500%

1.500

5.735%

5.750%

1.000

5.859%

Apply

5.750%

0.500

5.859%

6.500%

0.250

6.257%

6.625%

0.000

6.257%

Program Type

Interest Rates

Points

APR

Apply Online

15 Year Fixed Jumbo

Based on a $359,650 Loan

Click for
Payment Calculator

5.500%

2.000%

5.735%

5.500%

1.500%

5.735%

5.750%

1.000%

5.859%

5.750%

0.500%

5.859%

Apply

6.250%

0.250%

6.257%

6.250%

0.000%

6.257%

Program Type

Interest Rates

Points

APR

Apply Online

2/1 ARM

Based on a $150,000 Loan

Click for
Payment Calculator

5.500%

2.000%

5.735%

5.500%

1.500%

5.735%

5.750%

1.000%

5.859%

Apply

5.750%

0.500%

5.859%

6.250%

0.250%

6.257%

6.250%

0.000%

6.257%

Program Type

Interest Rates

Points

APR

Apply Online

3/1 ARM

5.500%

2.000%

5.735%

Based on a $150,000 Loan

Click for
Payment Calculator

5.500%

1.500%

5.735%

5.750%

1.000%

5.859%

Apply

5.750%

0.500%

5.859%

6.250%

0.250%

6.257%

6.250%

0.000%

6.257%

Program Type

Interest Rates

Points

APR

Apply Online

30 Year Fixed Jumbo

Based on a $359,650 Loan

Click for
Payment Calculator

5.500%

2.000%

5.735%

5.500%

1.500%

5.735%

5.750%

1.000%

5.859%

Apply

5.750%

0.500%

5.859%

6.250%

0.250%

6.257%

6.250%

0.000%

6.257%

Program Type

Rate

Points

APR

Apply Online

30 Year Fixed

Based on a $150,000 Loan

Click for
Payment Calculator

5.875%

2.000%

6.114%

%

1.500%

5.735%

%

1.000%

5.859%

Apply

%

0.500%

5.859%

%

0.250%

6.257%

%

0.000%

6.257%

Program Type

Rate

Points

APR

Apply Online

5/1 ARM

Based on a $150,000 Loan

Click for
Payment Calculator

5.500%

2.000%

5.735%

5.500%

1.500%

5.735%

5.750%

1.000%

5.859%

Apply

5.750%

0.500%

5.859%

6.250%

0.250%

6.257%

6.250%

0.000%

6.257%

Program Type

Rate

Points

APR

Apply Online

5/1 Interest Only

Based on a $150,000 Loan

Click for
Payment Calculator

5.500%

2.000%

5.735%

5.500%

1.500%

5.735%

5.750%

1.000%

5.859%

Apply

5.750%

0.500%

5.859%

6.250%

0.250%

6.257%

6.250%

0.000%

6.257%


Why We Are The Best!

  • No Points

  • No Broker Fee

  • No Junk Fees

Michigan Interest Rate

Current Rates

30 Yr Fixed 6.000%
15 Yr Fixed 6.250%
30 Yr Jumbo 7.375%
20 Yr. Fixed 7.250%
15 Yr Jumbo 7.125%
30 Yr Land 7.000%
15 Yr Land 6.300%
Prime Rate 5.00%
Commercial 6.99%