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: | $343,750 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$347,222 |
NO |
Interest Rate |
5.125% |
NO |
Monthly Principal & Interest |
$1,890.58 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO |
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-7 |
Years 8-30 |
|||||||||||
Payment Calculation |
$1,890.58 |
$1,890.58 |
|||||||||||
Mortgage Insurance |
+ 100.46 |
+ 4 |
|||||||||||
Estimate Escrow |
+ 670 |
+ 670 |
|||||||||||
Estimated Total |
$2,661 |
$2,564 |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$14,947 |
Includes $12,024 in Loan Costs + $2,923 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$2,075 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$4,240 |
|
0.125 % of Loan Amount (Points) |
$1,965 |
|
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 |
$1,188 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1,140 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($48.75 / day for 1 days @ 5.125%) |
$48 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$4,922 |
|
Appraisal Fee |
$525 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$50 |
|
Document Preparation Fee |
$300 |
|
Flood Certification |
$6 |
|
Tax Service Fee |
$69 |
|
USDA Guarantee Fee |
$3472 |
|
G. Initial Escrow Payment at Closing |
$1,435 |
|
Homeowner’s Insurance $95.00 per month for 3 mo. |
$285 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $575.00 per month for 2 mo. |
$1,150 |
|
H. Other |
$175 |
|
HOA Transfer Fees |
$175 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$2,923 |
|
C. Services You Can Shop For |
$2,862 |
|
Survey Fee |
$406 |
|
Title - Lender's Title Insurance |
$2,040 |
|
Title - Settlement/Escrow Fee |
$350 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$14,946 |
|
D + I |
$14,946 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$14,947 |
|
Closing Costs Financed (Paid from your Loan Amount) |
-$3,472 |
|
Down Payment/Funds from Borrower |
$0.00 |
|
Deposit |
-$3,400 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$6,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$2,075 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$12,024 |
|
Joan and Clear Lending were a blessing for our family! Prior to working with Joan, I ran into one brick wall after another with financial institutions that simply judged me based on a "credit score" without taking into account any contributing factors beyond my control. Fortunately for us, we met Joan. He was able to do something that up until that point seemed impossible...approval for a home purchase! He worked long hours and showed great patience. We have been in our new home purchase a little over two months and we owe Joan a great deal of credit. I recommend anyone who is interested in purchasing a home to give Joan a call before you give up. If it can be done he is the guy to make it happen! I have already referred a family member and they are excited. Thanks, Joan!
FROM GOOGLE: Thank you so much for all your team effort Patricia and Joan to get us approved quickly and to help us find the beautiful home that we now live in. We are more than satisfied with this company and if we could we would leave more than 5 stars. We appreciate the patience you both had when it came to us finding the right home and thank you for all the advice that was given to us along the way. We can't say thank you enough.
Joan Gallardo and his team have been great help in the home buying process. They go above and beyond to ensure all questions are answered and all due dates are met. I would highly recommend clear lending to any future home buyer.
