Foreign National Program without:
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
One-Close Construction Loan Program incorporates a construction period of 9 or 12 months followed by a fully amortized loan term with a single closing.
Clear Lending offers Construction Loan Program a conforming construction-to-permanent loan with 9- or 12-month construction periods with only one closing. Minumum loan is $250,000. During construction, the program allows the borrower to make interest-only payments on the funds disbursed along with taxes and insurance. The borrower must carry a builder’s risk policy until the property is eligible for the standard homeowner insurance policy.
Once the house is complete, the mortgage loan note is modified, and so its monthly payment from interest-only with taxes and insurance to principal, interest, taxes, and insurance. Mortgage insurance will be activated, and the premium included in the modified monthly payment. This process will not affect those loans with an escrow waiver.
Finance soft costs (architectural, engineering, and permit fees); however, loan closing costs may not. Full third-party builder contracts only.
Product
|
Term
|
Construction/Interest
Only Period
|
Loan Term for
Registration
|
One-Close Construction 30-Yr Conforming
|
30 years
|
12 months
|
372
|
One-Close Construction 30-Yr Conforming
|
30 years
|
9 months
|
369
|
One-Close Construction 30-Yr Conforming
|
30 years
|
6 months
|
366
|
One-Close Construction 15-Yr Conforming
|
15 years
|
12 months
|
192
|
One-Close Construction 15-Yr Conforming
|
15 years
|
9 months
|
189
|
One-Close Construction 15-Yr Conforming
|
15 years
|
6 months
|
186
|
ELIGIBLE PROPERTY TYPES:
• 1-unit site-built homes.
• Planned unit development (PUD).
• Modular home (constructed in sections off-site, but when installed at the site takes on the characteristics of a site-built home).
• Site condominium (detached). Must be fee simple interest for land and dwelling.
• Rural Properties.
INELIGIBLE PROPERTY TYPES
• Manufactured homes.
• 2-4 unit properties.
• Properties where construction has already begun.
• Lots over 10 acres.
• Log homes.
At the time of closing, the loan collects escrows for taxes and insurance. The underwriter may (or must in some circumstances) project the real estate taxes as follows:
• Taxes may be calculated based on the current tax rate as obtained from the local tax assessor’s office, or the underwriter will use 1.5% of the purchase price.
Do not wait any longer and find out how much loan you can get Pre-Approved.
Clear Lending can help you with a Construction Loan Program. Simply complete our secure and encrypted Pre-Approval Form online, and we will contact you right away to review the best options for you.
Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.
I would like to thank Joan for everything he did for us. He is the best in the business and is very knowledgeable. He made the home buying process very enjoyable and he was available at any time to answer any questions we had. He was easy to contact and easy to talk to. I will be referring everyone I know to Joan. Thank you.
We did not make appointment at our first visit at Clear lending and took great care of me and my wife. We are first time buyers and they explained to us in detail the entire process from home search to closing. I cant thank Joan & Patricia enough for all your help from day one. I truly recommend these people.
This place is the real deal if your credit isnt the best. I was denied over old stuff on my credit and after searching on Google I found this company and after reading reviews I gave a shot. It took me 7 months but after following Joan's advise, I have been able to close on my second house. I have closed in less than 45 days and while I had my doubts this would be possible The Man made it happen. Thanks Joan you got a client and a friend. Can thank you enough. I like to extend my gratitude to all his team that are very sweet and professional. Thanks again.
