Foreign National Program without:
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!!!
Don't worry and submit your information
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: | $600,000 |
| LOAN TERM: | 15 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$582,000 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$4,832.99 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-15 |
Years |
|||||||||||
Payment Calculation |
$4,832.99 |
$ __ |
|||||||||||
Mortgage Insurance |
+ $140.65 |
+ __ |
|||||||||||
Estimate Escrow |
+ $933 |
+ __ |
|||||||||||
Estimated Total |
$5,906.64 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$17,707 |
Includes $11,759 in Loan Costs + $5,948 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$19,707 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,655.57 |
|
1.1134 % of Loan Amount (Points) |
$6,480.57 |
|
Lender Document Attorney Preparation Fee |
$175 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$2,774 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $73.75 / day for 1 days @ 4.625%) |
$74 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,238 |
|
Appraisal Fee |
$600 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$56 |
|
Flood Certification |
$7 |
|
Tax Service Fee |
$75 |
|
G. Initial Escrow Payment at Closing |
$2,799 |
|
Homeowner’s Insurance $225 per month for 3 mo. |
$675 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $708 per month for 3 mo. |
$2,124 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$5,948 |
|
C. Services You Can Shop For |
$3,866 |
|
Survey Fee |
$450 |
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$2,755 |
|
Title - Settlement/Escrow Fee |
$495 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$17,707.57 |
|
D + I |
$17,707.57 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$17,707.57 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$18,000 |
|
Deposit |
-$6,000 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$19,707.57 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$11,759.57 |
|
Gracias Sr. Joan por todas sus atenciones y dedicacion en el proceso de aprobarnos para la compra de nuestra casa. Igualmente agradecer al Sr. Jorge y la Sra. Patricia por su amabilidad y el excelente servicio que hemos recibido desde que aplicamos con su compania. Este fue la primera casa y el proceso ha sido excelente. Gracias de nuevo.
My wife and I were able to purchase our first home thanks to the team at Clear Lending. It was a condo so it was not an easy process at all due to all the paperwork needed, however the team worked around the clock and we were able to close a couple of days ago. I should mention also that my wife and I are both on work visas here in the states and to find a bank that is willing to offer a mortgage without requiring 20% down payment is a huge relief. We are really really grateful, thank you, Joan and team. On a last note- a big THANK YOU to Patricia who was extremely helpful and friendly throughout this process.
They have great customer service skills being available at all times. Joan advised me to go with an FHA loan program as the best option for first time buyers. I got a really good deal and smooth transaction. I truly recommend them.
