We are a  branch of Metropolitan Mortgage Group, Inc. We serve the entire state of Washington. Our mortgage consultants are located throughout Snohomish and King County. Kim Gaynor is our loan processor and she follows the loans progress to the end. Please go to our website to see who we are www.myupfrontmortgage.com

We are currently working on a contract that is acceptable to the client and the UFMB Association.

We will lock a refinance loan upon reciept of the completed loan application and documentation. We lock purchase loans on the day the purchase contract is signed and the client has already reached pre-approval status. Above all, the lock will depend on what our clients choose to do.

Appraisals are usually our only third party fees. An appraisal ranges from $250 to $700 depending on the property. If you have a single family home, you can usually count on the appraisal being in the $450 range. Clients are free to shop for their own appraiser or we can find a trustworth appraiser for you.

Lender Fees and Other Settlement Costs:

Metropolitan Mortgage of Arlington guarantees broker and third-party closing costs on the day that the rate is locked. Other settlement fees may very.

Broker Fees:

Metropolitan Mortgage Group negotiates fees on a case by case basis. Some of the criteria that go into the determination of our fees are: Loan Amount, Credit History, Documentation Type, Borrower Participation, and Closing Time Frame. Typical Fees are as follows:

Origination Fee:

Typically 1% of the loan amount

Processing Fee:

$495 which includes credit report, Fed Ex fees to get loan package to the lender and payment of loan processor and transaction coordinator.

Lender Fees:

Wholesale lenders charge a fee to underwrite the file, prepare the loan docs and fund the loan. This also includes the tax service fee and the flood certification fee.

Yield Spread Premium:

The spread that the bank pays us to deliver a certain rate to the customer. This fee is always disclosed by United Mortgage Financial Group, Inc. and the customer has the option to use the Yield Spread to pay for the origination fee to keep up-front costs lower. This is worked out on a case by case basis with the customer to determine if it makes more sense to pay the origination fee, the Yield Spread Premium fee or a combination of the two.