Foreign National Program without:
Residency, Social Security or Income in the US
USDA Loans for moderate income Families
0% down payment - 100% financing
All Government Loan Programs
FHA, USDA and VA
Ask us about our program
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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.
| 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 |
|
It was an absolute pleasure working with Clear Lending Home Mortgage! Joan and his team truly worked hard on helping me receive my dream home. As a first time home buyer I was unaware of the process and very unsure of what all it took to complete the process. After receiving constant let down and missed opportunities. I was on the verge of giving up until I spoke to Joan. He and his staff worked hard for me in closing on my first home in under 30 days, with an amazingly low interest rate. There was never a time I questioned Joan or his staff. I went into closing confident with no suprises.They were with me the entire process. Words cannot express how grateful I am of Clear Lending Home Mortgage. The level of professionalism and dedication to work hard for the home buyer is exceptional. I would recommend this company to anyone looking to purchase a home, they won't disappoint! Thank you Joan for everything, you made a dream come true!
I would like to thank Joan and Patricia for the best support I have received since I submitted my request online for mortgage loan information. I have received the best service I could have asked. We close on our first house within the times my agent negotiated and with no surprises. I am so glad I chose you guys. Thanks again and I sure will use you in the future.
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.
