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:
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.
| 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 |
5.750% |
NO |
Monthly Principal & Interest |
$1,690.35 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$1,690.35 |
$ |
|||||||||||
Mortgage Insurance |
+ 201.64 |
+ |
|||||||||||
Estimate Escrow |
+ $692.26 |
+ |
|||||||||||
Estimated Total |
$2,584.25 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$21,228 |
Includes $15,930 in Loan Costs + $5,298 in Other Costs – $0.00 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$13,621 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,187 |
|
2.067 % Loan Origination (Points) |
$5,987 |
|
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 |
$2,746 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($46.26 / day for 1 days @ 5.750 %) |
$46.26 |
|
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) |
$5,298 |
|
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) |
$21,228 |
|
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 |
$13,621 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$15,930 |
|
It was a pleasure working with my loan officer, Joan Gallardo. From the initial consultation to the final approval, Joan was incredibly knowledgable, responsive, and supportive. I highly recommend Clear Lending Joan & Patricia. I give them 10/10 for all information and support throughout the entire process until closing.
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!!!!
Thank you soooo much Joan, Patricia and Samantha for helping us purchase our first home ever. My wife and I are so thankful there are no words to express the joy we feel each time we open the door of our house. I say to my wife… wait is this our house? Then I remember that yes, we just closed few days ago…. LOL. Jokes aside everything you Joan have done for us ever since day one is beyond any words of appreciation. In our case, we truly feel you have been godsent. I still remember the day my wife and I went to Wells Fargo to be told our chances were very limited due to my taxes’ deductions and so we needed to wait 2 possibly 3 years???? My own bank Wells Fargo, Bank of America, Chase, Capital One and God knows how many places we tried. Each one gave us similar reasons but at the end the message was that we didn’t qualify and zero instructions. Well yes, the instructions were that our taxes didn’t reveal the true picture and health of my business operations. Great and now what? Nothing. And so, I stopped searching. Sometime later after talking to a client about my hopeless attempt to buy a house, he told me about a loan officer who showed up from time to time in the radio station offering home loan programs traditional banks would not offer. And so, I started googling until I found Clear Lending. I asked my colleague and bingo! This was the company. And so, I applied online, got a call back very fast, completed an application over the phone, sent income documents and then I was asked to go with my wife at their office. After one hour or so, I was given precise instructions to become a home owner with a government loan program. All I remember was… “If you follow my advice, we will make it happen”. And a year later, Joan got us the house of our dreams, negotiated best deal to cover most closing costs and closed our loan with a 4.25% interest rate when my own was offering me 4.875%???? I am so thankful I found this guy I still cannot believe the miracle he worked for us. Again, thank you Joan and your team for being a true servant and valuable tool to make possible what for me I was told bank after bank to stop searching as it was not possible. I will always refer you absolutely everyone desiring to buy a house. You are indeed the miracle man!!!!
