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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!!!
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: | $295,000 |
| LOAN TERM: | 15 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$289,656 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$2,405.33 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-15 |
Years |
|||||||||||
Payment Calculation |
$2,405.33 |
$__ |
|||||||||||
Mortgage Insurance |
+ 202 |
+ __ |
|||||||||||
Estimate Escrow |
+ 520 |
+ __ |
|||||||||||
Estimated Total |
$3,127.33 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$18,933 |
Includes $15,129 in Loan Costs + $3,804 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$16,326 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,059 |
|
2.100 % of Loan Amount (Points) |
$5,884 |
|
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 |
$1,869 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1,832 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($35.20/day for 1 days @ 4.375%) |
$37 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$6,283 |
|
Appraisal Fee |
$670 |
|
Credit Report |
$56 |
|
Contract Processing Fee |
$500 |
|
Flood Certification |
$6 |
|
Tax Service Fee |
$69 |
|
Up-Front Mortgage Insurance Premium |
$4,982 |
|
G. Initial Escrow Payment at Closing |
$1,560 |
|
Homeowner’s Insurance $152.67/month for 3 mo. |
$458 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $367.26/month for 3 mo. |
$1,102 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
$250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$3,804 |
|
C. Services You Can Shop For |
$2,787 |
|
Survey Fee |
$450 |
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$1,676 |
|
Title - Settlement/Escrow Fee |
$495 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$18,933 |
|
D + I |
$18,933 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$18,933 |
|
Closing Costs Financed (Paid from your Loan Amount) |
-$4,982 |
|
Down Payment/Funds from Borrower |
$10,325 |
|
Deposit |
-$2,950 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$5,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$16,326 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$15,129 |
|
Thanks Joan and everyone in your team for making my loan possible. I know it has been a difficult and complicated process and I cant thank you enough for being there for me and my family. We will always be thankful for making the impossible possible. I will refere you everyone is in need of a residential mortgage loan. Thanks again.
I cant thank enough this company for helping me achieve my dream house. I applied with my bank and to my disbelief I was told my credit was an issue and after searching online a lender offering loans for not so good credit I found them. Thanks so much to Joan and Patricia for working so hard. I can't thank you enough. I will send you all my family!!!
Patricia helped me get the perfect loan for our dream home. Patient, professional, and helpful. It was an absolute pleasure to have Patricia with us every step of the way.
