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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: | $295,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$289,656 |
NO |
Interest Rate |
5.375% |
NO |
Monthly Principal & Interest |
$1,621.99 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$1,621.99 |
$ |
|||||||||||
Mortgage Insurance |
+ 201.64 |
+ |
|||||||||||
Estimate Escrow |
+ $692.26 |
+ |
|||||||||||
Estimated Total |
$2,515.89 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$20,483 |
Includes $15,188 in Loan Costs + $5,295 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$12,876 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$5,445 |
|
1.811 % Loan Origination (Points) |
$5,245 |
|
Lender Document Attorney Preparation Fee |
$200 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$2,743 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($43.25 / day for 1 days @ 5.375 %) |
$43.25 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$6,347 |
|
Appraisal Fee |
$670 |
|
Credit Report Fee |
$95 |
|
Contract Processing Fee |
$500 |
|
Flood Certification |
$15 |
|
Tax Service Fee |
$85 |
|
Up-Front Mortgage Insurance Premium |
$4,982 |
|
G. Initial Escrow Payment at Closing |
$2,077 |
|
Homeowner’s Insurance $225 per month for 3 mo. |
$675 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $467.26 per month for 3 mo. |
$1,402 |
|
H. Other |
$350 |
|
HOA Transfer Fees |
$250 |
|
Owner Title Policy |
$100 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$5,295 |
|
C. Services You Can Shop For |
$3,396 |
|
Survey Fee |
$550 |
|
Title - Lender\'s Title Insurance |
$2,211 |
|
Title - Settlement/Escrow Fee |
$550 |
|
Title - Tax Certificate Fee |
$85 |
|
J. TOTAL CLOSING COSTS |
$20,483 |
|
D + I |
$20,483 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$20,483 |
|
Closing Costs Financed (Paid from your Loan Amount) |
-$4,982 |
|
Down Payment/Funds from Borrower |
$10,325 |
|
Deposit (1% of Purchase Contract) |
-$2,950 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$12,876 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$15,188 |
|
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: My experience with Joan and his team was absolutely WONDERFUL! They are all great at what they do! Joan is the best there is, no lie! He really knows the business & the entire process inside and out. He makes the entire process from beginning to close, easy for you! After being told by lender after lender that my husbands credit score was not high enough for a low rate, and being quoted these ridiculously high rates, we were exhausted with the whole thing and about ready to give up. But, then I ran across Clear Lending and Joan told us that was no problem and offered us the best rate that no other lender would even think of offering! From day one, he was available anytime I needed him, & he never made me feel like I was bothering him. He always had time and answered every question that I had. Joan is honest, to the point, & very helpful! I would definitely use him & his team again, and I highly recommend Clear Lending to anyone who wants to buy a home! They are truly the BEST!!!
I'd like to say thank you for your dedication and exceptional service have truly exceeded our expectations. Clear Lending went above and beyond to assist me. Highly recommend Joan and the entire team!
