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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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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
| SALES PRICE: | $600,000 |
| LOAN TERM: | 30 years |
| PRODUCT: | Fixed Rate |
Loan Terms |
Can this amount increase after closing? |
|
Loan Amount |
$582,000 |
NO |
Interest Rate |
6.250% |
NO |
Monthly Principal & Interest |
$3,583.47 |
NO |
Does the loan have these features? |
||
Prepayment Penalty |
NO
|
|
Balloon Payment |
NO |
Projected Payments |
|||||||||||||
Payment Calculation |
Years 1-30 |
Years |
|||||||||||
Payment Calculation |
$3,583.47 |
$__ |
|||||||||||
Mortgage Insurance |
+ 160.05 |
+ __ |
|||||||||||
Estimate Escrow |
+ 993 |
+ __ |
|||||||||||
Estimated Total |
$4,736.52 |
$__ |
|||||||||||
Estimated Taxes, Insurance |
|
||||||||||||
Costs at Closing |
||
Estimated Closing Costs |
$17,277.81 |
Includes $11,317.81 in Loan Costs + $5,973 in Other Costs – $0 in Lender Credits. See page 2 for details. |
Estimated Cash to Close |
$19,290.81 |
Includes Closing Costs. See Calculating Cash to Close on page 2 for details. |
Projected Payments |
||
A. Origination Charges |
$6,188.81 |
|
1.0333% of Loan Amount (Discount Points) |
$6,013.81 |
|
Lender Document Attorney Preparation Fee |
$175 |
|
Other Costs |
||
E. Taxes and Other Government Fees |
$125 |
|
Recording Fees and Other Taxes |
$125 |
|
Transfer Taxes |
||
F. Prepaids |
$2,799 |
|
Homeowner’s Insurance Premium ( 12 months) |
$2,700 |
|
Mortgage Insurance Premium ( months) |
||
Prepaid Interest ( $99.66 / day for 1 days @ 6.250%) |
$99.66 |
|
PropertyTaxes ( months) |
||
B. Services You Cannot Shop For |
$1,238 |
|
Appraisal Fee |
$600 |
|
Contract Processing Fee |
$500 |
|
Credit Report |
$56 |
|
|
Flood Certification |
$7 |
|
|
Tax Service Fee |
$75 |
|
G. Initial Escrow Payment at Closing |
$2,799 |
|
Homeowner’s Insurance $225 per month for 3 mo. |
$675 |
|
Mortgage Insurance per month for 0 mo. |
||
Property Taxes $708 per month for 3 mo. |
$2,124 |
|
H. Other |
$250 |
|
HOA Transfer Fees |
$250 |
|
I. TOTAL OTHER COSTS(E+F+G+H) |
$5,973 |
|
C. Services You Can Shop For |
$3,891 |
|
Survey Fee |
$475 |
|
|
Title - Abstract/Title Search Fee |
$100 |
|
Title - Lender's Title Insurance |
$2,755 |
|
Title - Settlement/Escrow Fee |
$495 |
|
Title - Tax Certificate Fee |
$66 |
|
J. TOTAL CLOSING COSTS |
$17,290.81 |
|
D + I |
$17,290.81 |
|
Lender Credits |
||
Calculating Cash to Close |
||
Total Closing Costs (J) |
$17,290.81 |
|
Closing Costs Financed (Paid from your Loan Amount) |
$0.00 |
|
Down Payment/Funds from Borrower |
$18,000 |
|
Deposit |
-$6,000 |
|
Funds for Borrower |
$0 |
|
Seller Credits |
-$10,000 |
|
Adjustments and Other Credits |
$0.00 |
|
Estimated Cash to Close |
$19,290.81 |
|
D. TOTAL LOAN COSTS (A + B + C) |
$11,317.81 |
|
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.
We finally get the opportunity to write down our review. First, we would like to thank Patricia and Joan for all their efforts. It was a bit overwhelming as we were from out of state, from Massachusetts to be exact. From day 1 to closing date. Patricia & Joan worked with us every step of the way. There was NEVER a day off, and NOT one question unanswered. We got FHA loan approved. And today, we are happy to say, we are home owner’s! Thank you so much! Joan & Patricia.
Gracias Joan, Patricia y Jorge por toda la ayuda que nos han brindado desde el inicio hasta el final. Toda nuestra familia esta agradecida por su apoyo en todo momento. Estamos muy felices con nuestra casita y crean cuando les digo les referiremos toda nuestra familia y amigos. Saludos.
