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: | $3,750,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$3,000,000 |
NO |
Interest Rate |
5.750% |
NO |
Monthly Principal & Interest |
$17,507.19 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$17,507.19 |
$__ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ 6,795 |
+ __ |
|||||||||||
Estimated Total |
$24,302.19 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$97,983 |
Includes $61,110 in Loan Costs + $36,873 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$810,843 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$36,025 |
|
1.198 % of Loan Amount (Points) |
$35,940 |
|
Document Review Fee |
$85 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$16,013 |
|
Homeowner’s Insurance Premium ( 12 months) |
$15,540 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $473 / day for 1 days @ 5.750%) |
$473 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$3,438 |
|
Appraisal Fee |
$2,500 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$44 |
|
Document Preparation Fee |
$300 |
|
|
Flood Certification |
$15 |
|
Tax Service Fee |
$79 |
|
G. Initial Escrow Payment at Closing |
$20,385 |
|
Homeowner’s Insurance $1,295 per month for 3 mo. |
$3,885 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $1,200 per month for 3 mo. |
$16,500 |
|
H. Other |
$350 |
|
HOA Transfer Fees Title - Owner's Title Insurance |
$250 $100 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$36,873 |
|
C. Services You Can Shop For |
$21,647 |
|
Survey Fee |
$2,000 |
|
|
Title - Lender's Title Insurance |
$19,231 |
|
Title - Settlement/Escrow Fee |
$350 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$97,983 |
|
D + I |
$97,983 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$97,983 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$750,000 |
|
Deposit |
-$37,500 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$810,483 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$61,110 |
|
Joan and his team were extremely helpful and really attentive to our needs while going through our loan process. They made sure the VA process went smoothly as well. I would recommend Clear Lending to all looking to buy a house.
Joan, and his team help my family get into our house. They helped with our credit score when a bank would not approve us I Would highly recommend them.
Thank you so much clear lending. I cant thank you enough for working with us to be able to buy our home. We are so happy and grateful we have been able to close on our first home. Anyone in need of committed loan officer dont look any where else. Joan is the real deal. Thank you Sir.
