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Residency, Social Security or Income in the US
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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: | $380,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$322,000 |
NO |
Interest Rate |
6.990% |
NO |
Monthly Principal & Interest |
$2,146.76 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1 - 30 |
Years - |
|||||||||||
Payment Calculation |
$2,146.76 |
$ |
|||||||||||
Mortgage Insurance |
+ __ |
+ __ |
|||||||||||
Estimate Escrow |
+ $656.00 |
+ |
|||||||||||
Estimated Total |
$2,802.72 |
$ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$21,461 |
Includes $16,505 in Loan Costs + $4,956 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$63,261 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$11,285 |
|
2 % of Loan Amount (Points) |
$6,460 |
|
Document Review Fee |
$100 |
|
Loan Origination Fee |
$3,230 |
|
Underwriting Fee |
$1,495 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$175 |
|
Recording Fees and Other Taxes |
$175 |
|
Transfer Taxes |
||
F. Prepaids |
$2,463 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,400 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ($62.72 / day for 1 days @ 6.990%) |
$62.72 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,335 |
|
Appraisal Fee |
$650 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$95 |
|
Flood Certification |
$15 |
|
|
Tax Service Fee |
$75 |
|
G. Initial Escrow Payment at Closing |
$1,968 |
|
Homeowner’s Insurance $85 per month for 3 mo. |
$600 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $456 per month for 3 mo. |
$1,368 |
|
H. Other |
$350 |
|
HOA Transfer Fees |
$350 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$4,956 |
|
C. Services You Can Shop For |
$3,885 |
|
Survey Fee |
$575 |
|
|
Title - Lender's Title Insurance |
$2,685 |
|
Title - Settlement/Escrow Fee |
$550 |
|
Title - Tax Certificate Fee |
$75 |
|
J. TOTAL CLOSING COSTS |
$21,461 |
|
D + I |
$21,461 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$21,461 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$57,000 |
|
Deposit |
-$3,800 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
-$11,400 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$63,261 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$16,505 |
|
I would like to thank the entire team of Clear Lending for making possible my loan after so many attempts. I read the google reviews and I was pretty impressed and so I decided to give a shot. I am so glad I trusted them the loan approval and my home search. This is a crazy market but with patience I was able to accomplish what I have been waiting for so long. I am a veteran and my scores are not the best. Nonetheless Joan, Patti and Jorge made this possible. Thanks again guys I will always be in debt to you all.
Joan,
No tengo palabras para agradecerles todo lo que han hecho por nosotros, mi Esposa y yo estamos muy felices de que nos ayudaron a realizar nuestro sueño de comprar la casa que tanto esperamos. Este fue un gran trabajo de ustedes, cuando todo parecia muy complicado, siempre encontraron la solucion, siempre nos dieron mucho aliento para continuar, y nunca nos dejaron solos. Joan, gracias por conseguirnos locked rate de 3.875% cuando habiamos iniciado con 4.25%. Gracias por tomar nuestras llamadas y responder nuestras dudas a toda hora, siempre con la major actitud. Los recomendamos 100%. Gracias por hacer lo imposible posible, los voy a recomendar con todos mis amigos.
Un abrazo! Fausto
After being denied by two other loan officers we decided to contact Joan. Not only was Joan able to get us a quick approval but we closed with less than the amount needed. He is dedicated and consistent. Thank you for making our dreams come true. We will forever be grateful!
