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Residency, Social Security or Income in the US
All Government Programs
First-Time Buyer, Rural and Veterans Programs
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Starting with only...
580 Credit Scores!!!
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We will help you.
Contact us to analyze your options.
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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
| CONSTRUCTION LOAN: | $766,550 |
| CONSTRUCTION TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$766,550 |
NO |
Interest Rate |
7.250% + 0.75% |
NO |
Monthly Principal & Interest |
$5,110.33 |
YES |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1 |
Years 2 - 30 |
|||||||||||
Payment Calculation |
$5,110.33 |
$5,229.22 |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ 570 |
+ 570 |
|||||||||||
Estimated Total |
$5,680 |
$5,799 |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$17,584 |
Includes $14,282 in Loan Costs + $3,302 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$95,556 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$10,025 |
|
1 % of Loan Amount (Points) |
$7,665 |
|
Document Review Fee |
$85 |
|
Loan Origination Fee |
$1,000 |
|
Transaction Fee |
$575 |
|
Warehouse Fee |
700 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$1,292 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1,140 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($152.26 / day for 1 days @ 7.25%) |
$152 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,394 |
|
Appraisal Fee |
$1,000 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$50 |
|
Document Preparation Fee |
$500 |
|
|
Flood Certification |
$6 |
|
Tax Service Fee |
$69 |
|
G. Initial Escrow Payment at Closing |
$1,710 |
|
Homeowner’s Insurance $85 per month for 3 mo. |
$255 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $475 per month for 3 mo. |
$1,425 |
|
H. Other |
$175 |
|
HOA Transfer Fees |
$175 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$3,302 |
|
C. Services You Can Shop For |
$2,863 |
|
Survey Fee |
$1,375 |
|
|
Title - Lender's Title Insurance |
$2,041 |
|
Title - Settlement/Escrow Fee |
$350 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$17,584 |
|
D + I |
$17,584 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$17,584 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$85,172 |
|
Deposit |
-$7,200 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$95,556 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$14,282 |
|
It was an amazing experience. My family and I are extremely thankful for all the hard work Joan and his team , above all Ms Elena and Ms Patricia. They all made our first time buying a home just as easy as it could be , even though my husband had to fix his credit. They told us what to do and what to work in order for us to improve his credit score . They fallowed us and Guided us for almost a year and then when we could be able to buy the process did not last a month . We were approved very quickly and the whole process was very fast , they work very fast and they work with you , they are an excellent team and I would recommend them 100% sure that they will do an excellent job helping you to buy the perfect house . Thank you so much , I am so deeply thankful.
Gracias Joan, Patricia y Jorge por toda la ayuda que nos han brindado desde el inicio hasta el final. Toda nuestra familia esta agradecida por su apoyo en todo momento. Estamos muy felices con nuestra casita y crean cuando les digo les referiremos toda nuestra familia y amigos. Saludos.
One of my co-workers referred me to Joan Gallardo with Clear Lending. When I called him, he was in Spain. He proceeded to talk to me about my needs and concerns for a Home Equity Loan. He told me that someone from his office would be calling me. They did call me, that same day! Since then, I have been working with Jorge Balderas. He has been very helpful and always follows through with what he says and also follows up. I had talked with 3 other lenders before going to them and none of them gave me expertise service as Jorge has. My credit is not perfect, but I have worked hard after a divorce to get it where it is. I finally see a light at the end of the tunnel! Even if my loan does not get approved, I would highly recommend them. This is due to their expertise service, dedication to helping me, and professionalism.
