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:
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Upto 90% financing for
Purchases of up to $830,000.
| SALES PRICE: | $2,500,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$2,000,000 |
NO |
Interest Rate |
6.000% |
NO |
Monthly Principal & Interest |
$11,991.00 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$11,991.00 |
$__ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ $4,907 |
+ __ |
|||||||||||
Estimated Total |
$16,898.00 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$56,475 |
Includes $40,011 in Loan Costs + 16,464 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$531,475 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$20,085 |
|
1.198 % of Loan Amount (Points) |
$20,000 |
|
Document Review Fee |
$85 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$15,889 |
|
Homeowner’s Insurance Premium ( 12 months) |
$15,540 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $349.32 / day for 1 days @ 6.000%) |
$349.32 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$3,444 |
|
Appraisal Fee |
$2,500 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$44 |
|
Document Preparation Fee |
$300 |
|
|
Flood Certification |
$15 |
|
Tax Service Fee |
$85 |
|
G. Initial Escrow Payment at Closing |
$0.00 |
|
Homeowner’s Insurance $1,295 per month for 0 mo. |
$0.00 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $3,612 per month for 0 mo. |
$0.00 |
|
H. Other |
$450 |
|
HOA Transfer Fees Title - Owner's Title Insurance |
$350 $250 $100 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$16,464 |
|
C. Services You Can Shop For |
$16,482 |
|
Survey Fee |
$2,000 |
|
|
Title - Lender's Title Insurance |
$13,847 |
|
Title - Settlement/Escrow Fee |
$550 |
|
Title - Tax Certificate Fee |
$85 |
|
J. TOTAL CLOSING COSTS |
$56,475 |
|
D + I |
$56,475 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$56,475 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$500,000 |
|
Deposit |
-$25,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$531,475 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$40,011 |
|
Gracias Joan, Patricia y Jorge por toda la ayuda que nos han brindado desde el inicio hasta el final. Toda nuestra familia esta agradecida por su apoyo en todo momento. Estamos muy felices con nuestra casita y crean cuando les digo les referiremos toda nuestra familia y amigos. Saludos.
Would recommend 1000%!!!!! What an experience! Called Joan about buying a home and within 2 months, we looked at A LOT of homes, found one we loved, and closed within 30 days. Before calling Clear lending, I was stressed about the home buying process due to the COVID virus, never thought we would be able to close during a pandemic. Joan made the home buying experience simple and straightforward, answering all questions via phone and WhatsApp, and we also made sure to send all needed documentation in, when requested, to ensure a smooth close... The closing process was stressful due to the anticipation of wanting the process to come to an end, however, that's normal and Joan was readily available answering my never-ending questions. Joan truly cares about his clients and was in my corner throughout the process. Superexcellent home buying experience and a great person to work with. Thanks, Joan/clear lending!!!!
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!
