Foreign National Program without:
Residency, Social Security or Income in the US
All Government Programs
First-Time Buyer, Rural and Veterans Programs
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To improve your 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
Starting with only...
580 Credit Scores!!!
Here are 10 things you don’t want to do right before buying a home:
1. DO NOT change your job and even less decide to become self-employed as you will be required minimum 2 years income taxes. Lenders want income stability so you are less likely to default on the loan.
2. DO NOT change banks or you will be required a lot of information in order to source your deposits.
3. DO NOT buy anything once you have prequalified with your loan officer. Any new purchase will increase your debt-to-income ratios and thus might result in a loan denial.
4. DO NOT buy furniture on credit before closing. EVEN if you are promised no interest payments until the future. Loans have been denied at closing day due to new debts undisclosed at application. Lenders and Banks review your credit again on closing day.
5. DO NOT be late on your credit card payments nor increase its balances. Your loan approval is based on first credit score enquire. Any other credit move might result in loan being denied in the middle of the process.
6. DO NOT make any cash deposits 2 months prior a loan submission! Limit your deposits preferably from your work related compensation. Large deposits (1% of loan amount or larger) need to be sourced and explained or else banks and lenders might not accept your asset account. Your down payment needs to be “sitting” in your account for at least two months prior to application (known as “seasoning”) so funds don’t just appear “out of nowhere”.
7. DO NOT lie on your loan application. Sounds simple, right? Omitting recent debts not showing on credit or liabilities you have or fudge your income is fraud.
8. DO NOT co-sign a loan for anyone. Even if you’re not the one making the payments on that loan, it will show up on your credit and thus increase your debt-to-income ratio.
9. DO NOT make too many inquiries on your credit. Looking for new credit translates into higher risk for lenders. If your inquiries are related to your mortgage search, it usually doesn’t affect your credit score because the assumption is you are rate shopping. But opening credit accounts within a short period of time represents some risk and your credit could take a hit. It’s probably not a huge factor in your calculating your ability to repay a loan but why take a chance at this juncture?
10. DO NOT spend the money you will need for closing costs. Part of the price of financing a loan is the closing costs and you’ll likely have some responsibility for paying them. Make sure you have enough saved for your share of the obligation.
Don't wait any longer and find out how much you can get Pre-Approved for.
Whether you are considering purchasing or refinancing an existing FHA mortgage loan, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online and we will contact you right away to review best options for you.
This advertisement is not an offer for an extension of credit. Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.
I wanted to buy a second home, without having to sell my primary home in Florida. I had originally contracted another mortgage broker to help me secure a loan. I spent so much valuable time with this broker only for her to tell me that I could not obtain any financing unless I sold my house in Florida. I was so frustrated with the original broker that I decided to look online for another mortgage company. I found Clear Lending. OMG talk about professionalism, knowledgeable, and the dedication Joan from Clear Lending, and his staff that in 3 months I had a new home in Texas, without selling my home in Florida. The best part of this that under the Clear Lending umbrella I was able to get my mortgage and Real Estate agent under one roof.
Joan,
I would like to take a few minutes to thank you and your team. Although we had some unforeseen issues and it was a bit rocky your team stayed focused on the task at hand. Thank you for all that you did. We officially completed the closing.
Best Regards,
Daniel Guerrero
Joan Gallardo was able to get me from phone call wanting a good home but not wanting to use a ton of my cash for down payment to being in the home in just a few months. Worked as a realtor and helped secure the lending...all in one. Honestly it was perfection. They got me in a better home than I expected when I first called. I can honestly say this was more than I expected, and it took a ton of stress out of a situation I was worried about starting. My only regret is not calling them earlier. I had worried I was not going to get what I wanted for a long time...I got it with Clear Lending.
