Is InterLinc Mortgage Services LLC An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at InterLinc Mortgage Services LLC with other lenders for mortgages with similar borrower characteristics:

Interest Rate: higher than average (+0.11%)
Loan Related Closing Costs: lower than average (-$908)
Assessment: this lender tends to be a average cost lender.

This scoreboard is based on data reported to FFIEC. In the data, InterLinc Mortgage Services LLC originated 7463 mortgages, a national market share of 0.1%. It was most active in AL (2.3% market share), OK (1.4% market share), and KY (0.5% market share).

On average, InterLinc Mortgage Services LLC’s interest rates were higher than those of comparable mortgages at other lenders (+0.11%).1The comparable mortgages control for InterLinc Mortgage Services LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3805, which was lower than those of comparable mortgages at $4712, with a difference of -$908. Overall, we estimate that InterLinc Mortgage Services LLC tends to be an average cost lender, with a cost-adjusted-rate difference of +0.01% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with InterLinc Mortgage Services LLC.

InterLinc Mortgage Services LLC originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming and FHA mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from InterLinc Mortgage Services LLC compared to other lenders

Conforming FHA USDA VA
Interest Rate Difference +0.07% +0.14% +0.17% +0.14%
Loan related Closing Cost Difference -$752 -$1432 -$1262 -$492
Cost Adjusted Rate Difference -0.00% -0.02% +0.01% +0.10%

Based on the table above, InterLinc Mortgage Services LLC is similar to other lenders for Conforming, FHA and USDA purchase mortgages. It is more expensive than other lenders for VA purchase mortgages.

Mortgage Refinancing from InterLinc Mortgage Services LLC compared to other lenders

Conforming FHA
Interest Rate Difference +0.07% +0.09%
Loan Related Closing Cost Difference +$418 +$400
Cost Adjusted Rate Difference +0.11% +0.13%

Based on the table above, InterLinc Mortgage Services LLC is more expensive than other lenders for Conforming and FHA mortgage refinance.

Other information about InterLinc Mortgage Services LLC:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: Houston, TX, 77064
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Footnotes   [ + ]

1. The comparable mortgages control for InterLinc Mortgage Services LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.