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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: | $1,200,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$900,000 |
NO |
Interest Rate |
6.500% |
NO |
Monthly Principal & Interest |
$5,688.61 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$5,688.61 |
$__ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ 1,470 |
+ __ |
|||||||||||
Estimated Total |
$7,158.61 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$25,506 |
Includes $17,951 in Loan Costs + $7,555 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$313,506 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$11,360 |
|
1 % of Loan Amount (Points) |
$9,000 |
|
Document Review Fee |
$85 |
|
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 |
$3,400 |
|
Homeowner’s Insurance Premium ( 12 months) |
$3,240 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $160.27 / day for 1 days @ 6.500%) |
$160.27 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,394 |
|
Appraisal Fee |
$475 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$44 |
|
Document Preparation Fee |
$300 |
|
|
Flood Certification |
$6 |
|
Tax Service Fee |
$69 |
|
G. Initial Escrow Payment at Closing |
$3,855 |
|
Homeowner’s Insurance $270 per month for 3 mo. |
$255 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $1,200 per month for 3 mo. |
$3,600 |
|
H. Other |
$175 |
|
HOA Transfer Fees |
$175 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$7,555 |
|
C. Services You Can Shop For |
$5,197 |
|
Survey Fee |
$406 |
|
|
Title - Lender's Title Insurance |
$4,375 |
|
Title - Settlement/Escrow Fee |
$350 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$25,506 |
|
D + I |
$25,506 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$25,506 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$300,00 |
|
Deposit |
-$12,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$313,506 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$17,951 |
|
Joan, you are the man with miracle hands! I have really been enjoying my new home. It was a long time coming and it happened right on time. Thanks to you, this whole process was phenomenal. The closing went smooth with no problems. I appreciate the professionalism, the hard work, and the late hours. I would highly recommend your services. Again, thank for everything!
Working with Joan at clear Lending has been the best experience of my life. I have been turned down several times because of my credit score. No one ever took the time to explain to me what exactly I needed to do so I lost all hope, just when I was about to give up and continue to pay extremely high rent I found Clear Lending and I would be forever thankful I did. They are very upfront with you through your whole process, not only that they help you. Everyone I have spoken with has been extremely nice and professional and was able to work with my credit score to give me my dream home. Joan said we will find a home before my lease was up in March and we did I closed on March 26,21 and it was a smooth process. Joan is very hands-on with you through the whole process and works EXTREMELY! hard to make sure you are happy, any time I had a question he answers right away. It never left a message and I will have him call you back kind of place. Any time I had a question no matter how late or early it was he responded quickly. If I could give the me 100 stars I would, if I can give them a review every day I would. I never thought this day would ever happen after being turned down by other companies and it did thanks to Clear Lending. Not only that my closing cost was less than I expected it to be. Joan said he would give me the best rate he could and he did just that. Thank you, Joan. I and my kids will be forever thankful for you and your team, for everything you guys did for us to get us in our home with kindness and patience.
Thanks Joan, Patricia and Samantha for your amazing help making the purchase of my dream house possible. I really recommend Clear Lending and its team. I remember searching for local lenders who would lend borrowers with low credit scores and I found them. I read some reviews and realized some had been in my same situation. I applied and after 67 days I closed the purchase of the cutest house! They even helped me negotiate with sellers to get them pay all closing costs. Joan I am so thankful I will refer you everyone that is in need to buy a house. I will never forget what you and your team have done for me and my family. Thanks, thanks and thanks again!!!!
