
Welcome to Michigan Lakes!
We are all about Michigan lakes. Life on, in and near Michigan's lakefront brings a richness that rewards for a lifetime. Have a story or comments on your experience? You can be one of the first to share it with the world on our Michigan lake directory.
- Error
Usuary

In Michigan, the criminal usury rate is 25%. The maximum interest rate allowed on seller financing (such as a land contract) is 11%. There are some exceptions. For example, if the buyer is a business, the rate can be up to 24.99%.
Remember that interest rates on seller financing are negotiated between buyer and seller. Interest rates charged by lenders vary from lender to lender. Shop for the best rate possible.