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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.
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 |
|
Joan was amazing! He explained everything in detail so that we knew exactly where our money was going at all times and was ALWAYS available for answering questions. We will definitely be using his services again!
Joan I really appreciate all the patience you had with us. You gave us hope after we had a bad experience with our bank making sure our loan was first approved before looking for a house. This really brought our hopes up. You made sure houses we went to see met our expectations. Then no matter how late at night or early in the morning you would answer all our calls. Even when we signed the contract on the house you would still keep in touch with us and made sure everything was good. I will be referring you everyone I know and our next home purchase is going to be with you. Thank you so much Joan.
Very resourceful for individuals with bad credit. The agents are professional and very interactive in the loan process. I highly recommend if you're looking for an in-person experience where all steps and details are explained clearly. Just bought my first home. Thank you Joan and Patricia.
