Mortgage Loans

MORTGAGE LOANS

INTERSTATE FUNDING GROUP originates loans in several states, including California, Washington, and Oregon. INTERSTATE FUNDING GROUP is a brokerage company with a portfolio numbering in excess of 100 of the top wholesale lending sources in the nation. Included in this portfolio are lenders for every type of real estate mortgage, including:

Residential Property
Investment Property
Agricultural Property
Commercial Property
Business Loans

In addition to lending on a variety of property types, INTERSTATE FUNDING GROUP , also arranges loans for any number of qualification challenges, such as:

Self-employed borrowers
Borrowers with insufficient asset and/or income documentation
First-time home buyers
Clients with low credit scores or other credit problems
Clients with a recent or current bankruptcy

If there is a loan for you, one of our lending sources is sure to have it.

CURRENT MORTGAGE INTEREST RATES:07 JUN 07
All rates are based on full-cost, full-documentation, 640+ credit score scenarios.

Conforming 15-Year Fixed Rate

5.750%

Conforming 30-Year Fixed Rate

6.000%

Jumbo 15-Year Fixed Rate

6.500%

Jumbo 30-Year Fixed Rate

6.250%

Conforming 5/1 Fixed/ARM

5.750%

No-Income Documentation 30-Year Fixed Rate
6.500%

REFINANCING OPTIONS
The scenarios depicted in the table below assume that a homeowner owes $150,000 on their mortgage. Refinance options are illustrated based on three different plans for holding the property.

SITUATION	Holding the property indefinitely	Unsure about the time property will be held	Holding property no more than 2 to 3 years
Type of refinance	Full-Cost	No Points	No points-No fees
Interest rate	6.50%	7.00%	7.50%
Third-party fees	$2,500.00	$2,500.00	0
Loan points	$1,550.00	0	0
Pro-rated interest, taxes, and insurance	$1,000.00	$1,000.00	$1,000.00
New loan amount	$155,050.00	$153,500.00	$150,000.00
Principal and interest payments (30 year fixed rate)	$980.02	$1,021.24	$1,048.82

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