All Government Programs
First-Time Buyer, Rural and Veterans Programs
Ask us about our program
To improve your credit scores...
Starting with only...
500 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
Foreign National Program without:
Residency, Social Security or Income in the US
One-Close Construction Loan Program incorporates a construction period of 6, 9 or 12 months followed by a fully amortized loan term with a single closing.
Clear Lending offers Construction Loan Program a conforming construction-to-permanent loan with 6-, 9- or 12-month construction periods with only one closing. During construction, program allows borrower make interest-only payments on the funds disbursed along with taxes and insurance. Borrower must carry a builder’s risk policy until the property is eligible for standard homeowner insurance policy.
Once the house is complete, the mortgage loan note is modified and so its monthly payment from interest only with taxes and insurance to principal, interest, taxes and insurance. Mortgage insurance will be activated and the premium included in the modified monthly payment. This process will not affect those loans for which an escrow waiver is obtained.
Soft costs (architectural, engineering and permit fees) may be financed, however, loan closing costs may not. Full third party builder contracts only.
Product
|
Term
|
Construction/Interest
Only Period
|
Loan Term for
Registration
|
One-Close Construction 30-Yr Conforming
|
30 years
|
12 months
|
372
|
One-Close Construction 30-Yr Conforming
|
30 years
|
9 months
|
369
|
One-Close Construction 30-Yr Conforming
|
30 years
|
6 months
|
366
|
One-Close Construction 15-Yr Conforming
|
15 years
|
12 months
|
192
|
One-Close Construction 15-Yr Conforming
|
15 years
|
9 months
|
189
|
One-Close Construction 15-Yr Conforming
|
15 years
|
6 months
|
186
|
ELIGIBLE PROPERTY TYPES:
• 1-unit site-built homes.
• Planned unit development (PUD).
• Modular home (constructed in sections off-site, but when installed at the site takes on the characteristics of a site-built home).
• Site condominium (detached). Must be fee simple interest for land and dwelling.
• Rural Properties.
INELIGIBLE PROPERTY TYPES
• Manufactured homes.
• 2-4 unit properties.
• Properties where construction has already begun.
• Lots in excess of 10 acres.
• Log homes.
Escrows will be collected at time of closing for taxes and insurance. The underwriter may (or must in some circumstances) project the real estate taxes as follows:
• Taxes may be calculated based on the current tax rate as obtained from the local tax assessor’s office or the underwriter will use 1.5% of the purchase price.
Do not wait any longer and find out how much you can get Pre-Approved for.
Clear Lending can help you with a Construction Loan Program. Simply complete our secure and encrypted Pre-Approval Form online and we will contact you right away to review best options for you.
Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.
Dear Joan,
I am writing you to say Thank You for making our dream come true. My family and I appreciate all the time and effort that you gave on this journey of helping us towards acquiring our dream house. We thank you for all the phone calls that you made including those at late hours, the letters that you wrote, for helping us with our credit, for all the updates, for taking the time on the negotiation to get the price to a fair point, and for going above and beyond in this process. We will definitely recommend you to anybody that is seeking help in buying their own new home. I am grateful that you were the one by our side during every step of the way.
Many thanks from Fernando and Araceli.
Joan,
Thank you so very much!!! I'm still in a state of shock and disbelief... I really did not expect to close on this deal...You & Eleana have been wonderful and I'm so grateful for all you did to guide me through this entire adventure. I hope to meet you face-to-face someday.
Barbara
Joan,
No tengo palabras para agradecerles todo lo que han hecho por nosotros, mi Esposa y yo estamos muy felices de que nos ayudaron a realizar nuestro sueño de comprar la casa que tanto esperamos. Este fue un gran trabajo de ustedes, cuando todo parecia muy complicado, siempre encontraron la solucion, siempre nos dieron mucho aliento para continuar, y nunca nos dejaron solos. Joan, gracias por conseguirnos locked rate de 3.875% cuando habiamos iniciado con 4.25%. Gracias por tomar nuestras llamadas y responder nuestras dudas a toda hora, siempre con la major actitud. Los recomendamos 100%. Gracias por hacer lo imposible posible, los voy a recomendar con todos mis amigos.
Un abrazo! Fausto
