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Residency, Social Security or Income in the US
All Government Programs
First-Time Buyer, Rural and Veterans Programs
Ask us about our program
To improve your credit scores...
Starting with only...
580 Credit Scores!!!
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We will help you.
Contact us to analyze your options.
Don't worry and submit your information
We will help you.
Upto 90% financing for
Purchases of up to $830,000.
USDA Loans for moderate income Families
0% down payment - 100% financing
| SALES PRICE: | $380,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$322,000 |
NO |
Interest Rate |
6.990% |
NO |
Monthly Principal & Interest |
$2,146.76 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1 - 30 |
Years - |
|||||||||||
Payment Calculation |
$2,146.76 |
$ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ $656.00 |
+ |
|||||||||||
Estimated Total |
$2,802.72 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$21,461 |
Includes $16,505 in Loan Costs + $4,956 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$63,261 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$11,285 |
|
2 % of Loan Amount (Points) |
$6,460 |
|
Document Review Fee |
$100 |
|
Loan Origination Fee |
$3,230 |
|
Underwriting Fee |
$1,495 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$175 |
|
Recording Fees and Other Taxes |
$175 |
|
Transfer Taxes |
||
F. Prepaids |
$2,463 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,400 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($62.72 / day for 1 days @ 6.990%) |
$62.72 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,335 |
|
Appraisal Fee |
$650 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$95 |
|
Flood Certification |
$15 |
|
|
Tax Service Fee |
$75 |
|
G. Initial Escrow Payment at Closing |
$1,968 |
|
Homeowner’s Insurance $85 per month for 3 mo. |
$600 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $456 per month for 3 mo. |
$1,368 |
|
H. Other |
$350 |
|
HOA Transfer Fees |
$350 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$4,956 |
|
C. Services You Can Shop For |
$3,885 |
|
Survey Fee |
$575 |
|
|
Title - Lender's Title Insurance |
$2,685 |
|
Title - Settlement/Escrow Fee |
$550 |
|
Title - Tax Certificate Fee |
$75 |
|
J. TOTAL CLOSING COSTS |
$21,461 |
|
D + I |
$21,461 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$21,461 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$57,000 |
|
Deposit |
-$3,800 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
-$11,400 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$63,261 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$16,505 |
|
Thanks Joan for helping us find our dream house and for making our loan possible. We were rejected by countless banks before and I am so appreciative because no one said the words you said first time: "Let's work your cases step by step and will buy a house". Thank you soooo much!!!
My experience with Joan and the clear lending team has been amazing! Joan helped us greatly, with poor credit and a job loss he was able to get us a loan! He looked out for us when choosing a home he didn’t try to push us to buy a house and always did his research. He explained every step, made sure we understood, and was there at every hour to answer any questions we had. Even after the purchase he has followed up to make sure we have no issues with our home.If you’re looking to buy a house I definitely recommend Joan and the team!
Excellent service, smooth process, and even better the attitude Clear Lending showed at all times going above and beyond normal customer service. They patiently and transparently helped us navigate (as first-time homebuyers without a real-estate agent) the complexities of mortgage shopping, provided guidance and support at each step, kept our application moving, and delivered for a early than agreed closing with an unbeatable rate and 5-digit savings compared to our previous best quote (among 3 other lenders). If we ever have to shop for another mortgage, we will not hesitate to work with Clear Lending Mortgage again.
