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Residency, Social Security or Income in the US
All Government Programs
First-Time Buyer, Rural and Veterans Programs
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Starting with only...
580 Credit Scores!!!
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Contact us to analyze your options.
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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 - Rates are subject to change without notice. |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$347,222 |
NO |
Interest Rate |
5.990% |
NO |
Monthly Principal & Interest |
$2,079.54 |
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 |
$2,079.54 |
$2,079.54 |
|||||||||||
Mortgage Insurance |
+ 100.46 |
+ 4 |
|||||||||||
Estimate Escrow |
+ 670 |
+ 670 |
|||||||||||
Estimated Total |
$2,850.00 |
$2,753.54 |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$14,946 |
Includes $12,024 in Loan Costs + $2,922 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$2,074 |
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 |
$1,187 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1,140 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($54.70 / day for 1 days @ 4.875%) |
$47 |
|
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) |
$2,922 |
|
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) |
$14,946 |
|
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 |
$2,074 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$12,024 |
|
We had a fantastic experience working with Joan Gallardo at Clear Lending. From start to finish, Joan was knowledgeable, patient, and incredibly helpful. He took the time to explain every step of the process, answer all of our questions, and make sure we felt confident in our decisions. His responsiveness and professionalism made what can be a stressful process feel smooth and manageable. We truly appreciate his dedication and expertise, and we highly recommend Joan to anyone looking for a reliable, trustworthy mortgage professional. Thank you, Joan & Patricia, for helping us achieve our homeownership goals!
This place is the real deal if your credit isnt the best. I was denied over old stuff on my credit and after searching on Google I found this company and after reading reviews I gave a shot. It took me 7 months but after following Joan's advise, I have been able to close on my second house. I have closed in less than 45 days and while I had my doubts this would be possible The Man made it happen. Thanks Joan you got a client and a friend. Can thank you enough. I like to extend my gratitude to all his team that are very sweet and professional. Thanks again.
I am very thankful for Joan Gallardo professional, responsive and honest assistance with the whole mortgage process from beginning to end. He made himself available to me via any method of my choice email, business phone or cell phone, which I appreciated and took advantage of. Joan even stayed in touch with me during his vacation. I am grateful for all of Joan's work he devoted to my family's purchase of this home.
