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
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.
| SALES PRICE: | $720,000 |
| CONSTRUCTION LOAN: | 15 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$647,200 |
NO |
Interest Rate |
5.750% + 0.75% |
NO |
Monthly Principal & Interest |
$3,505.67 to $5,374.41 |
YES |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1 |
Years 2 - 15 |
|||||||||||
Payment Calculation |
$3,505.67 $ 2,157.33 $1,599.06 |
$5,374.41 |
|||||||||||
Mortgage Insurance |
+ $ TBD |
+ $ TBD |
|||||||||||
Estimate Escrow |
+ $ 570 |
+ $ 570 |
|||||||||||
Estimated Total |
$4,075 |
$5,944 |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$16,269 |
Includes $13,088 in Loan Costs + $3,252 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$89,140 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$8,832 |
|
1.0 % of Loan Amount (Points) |
$6,472 |
|
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 |
$1,242 |
|
Homeowner’s Insurance Premium ( 12 months) |
$1,140 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($101.96 / day for 1 days @ 5.750%) |
$102 |
|
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 |
$1,710 |
|
Homeowner’s Insurance $85 per month for 3 mo. |
$255 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $475 per month for 3 mo. |
$1,425 |
|
H. Other |
$175 |
|
HOA Transfer Fees |
175 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$3,252 |
|
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 |
$16,340 |
|
D + I |
$16,340 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$16,340 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$72,800 |
|
Deposit |
$0.00 |
|
Funds for Borrower |
$0.00 |
|
Seller Credits |
$0.00 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$89,140 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$13,088 |
|
Joan is a great loan officer. I couldn't have asked for a better person. I had one loan officer that felt like she couldn't get me approved. Joan stepped in and was effective and very assertive. He made sure I got approved!
FROM GOOGLE: This Company is by far the most professional company I have worked with!! Effective, Caring and Result Oriented. I cannot express enough how knowledgeable Joan and Patricia are, they walked us through every step of the way, answered every one of our questions no matter how small. Joan gave us plenty of advice and support to help us find our home. Joan was ALWAYS available when we needed him and his sense of urgency was par to none, he treated our home buying process as if it was his own. I have never worked with a group of people that cares so much about their clients. Joan made our first home buying experience a thing to remember. There are hits and runs, but working with Clearlending was a Homerun!!!! We recommend Clear Lending to all of our friends and family. Thank you Joan and Patricia!!!! May God bless you guys and continue to give you success.
I am so grateful to this lender for doing what no one has been able to do or maybe had the patience and will to do. I have been trying to complete the purchase of my house for over a year and previous lenders they would not answer me back after I submitted an application or simply be interested in helping me or give me an action plan to put in place. Well these guys did it and now me and my family have a house to start making our memories. I am so grateful to Joan and Patricia for all their help. I truly recommend them if you have less than perfect credit. Thanks again guys!!!
