Affiliated Business Disclosure
AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE

This is to give you notice that FlyHomes, Inc. (“FlyHomes”) has a business relationship with FlyHomes Mortgage, LLC (“FHM”) and FlyHomes Closing, LLC (“FHC”). Although separate entities with different leadership structure, FHM and FHC are both wholly owned by FlyHomes. Because of this relationship, this referral may provide FlyHomes with a financial or other benefit.

Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of the purchase, sale, or refinance of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.

FlyHomes Mortgage Charges for Mortgage Brokerage Services:
 
Service ProviderService ProvidedCharge or Range of Charges
Flyhomes Mortgage, LLC Loan Origination 0% to 1% of the loan amount

FlyHomes Closing, LLC charges for owner title policy premiums and lender title policy premiums:
 
Amount of LiabilityCharge or Range of Charges
Up to $50,000 $443
$50,000 to $100,000 $443 to $782
$100,001 to $1,000,000 $782 to $3,120
$1,000,001 to $5,000,000 $3,120 to $11,095
$5,000,001 to $10,000,000 $11,095 to $21,723
$10,000,001 to $50,000,000 $21,723 to $53,609
$50,000,001+ $53,609+


Actual customer rates depend on the type of coverage purchased, sale price and/or loan amount. For example, typical FlyHomes Closing title policies include:

Owner’s Policy Standard rate minus about 30%
Lender’s Policy Standard rate minus about 65%
Refinance Policy Standard rate minus about 50%
Endorsement Fee $50-$500
Settlement Fee FHC charges both Buyer and Seller a fee of $1,000+ tax at a rate of 10.1%


FlyHomes Brokerage commissions are typically 0-6% of the sale price of the home paid by the seller from escrow funds upon close of the transaction.

ACKNOWLEDGEMENT: I/we have read this disclosure form and understand that the Affiliated Companies above may refer me/us to purchase the above-described settlement service(s) from one another and that any such referrals may provide the referring company, its affiliates, and/or their employees with a financial or other benefit.

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