🔎 Real Closed File Review – East Meadow, NY 🏡

marketing928870
Dec 9, 2025
2 min read

Updated: Dec 30, 2025

A clear example of what a strong, well-prepared mortgage file looks like and how it leads to a smooth, stress-free approval.

🏠 The Property & Purchase Snapshot

📍 Location: East Meadow, Nassau County

💰 Purchase Price: $815,000

🔻 Down payment: 30% ($244,500)

🏦 Loan Amount: $570,500

📄 Loan Type: Conventional Elite 30-Year Fixed

This buyer came in strong with a substantial down payment, excellent credit, and clean financials giving them access to a competitive interest rate and a smooth underwriting process.

👤 Borrower Profile

📊 Credit Score: 740

👤 Borrowers: 1

💼 Employment: Business Owner

👨‍👩‍👧 Household Income: $118,617

📉 Monthly Liabilities: $0

A self-employed borrower with no monthly liabilities and high creditworthiness is a dream file for underwriters. But even strong files still need expert structuring and that’s where LJ Mortgage Team Inc. comes in.

💵 Monthly Housing Costs

📑 Yearly Property Taxes: $14,190

🏡 Yearly Home Insurance: $1,630

📈 Interest Rate: 6.125% (APR 6.78%)

💵 Principal & Interest: $3,466.42

🏦 Escrow (Taxes + Insurance): $1,318.37

✅ Total Monthly Payment: $4,784.79

Even in today's rate environment, a well-presented file helps secure favorable terms.

💼 Closing Costs

💵 Total Closing Costs: $28,676.81That’s approximately 3.52% of the purchase price — right in line with typical NYC/Long Island market expectations.

✔️ Why This File Was Approved Quickly

This file demonstrates textbook mortgage readiness:

Excellent credit
Strong income
No liabilities
Solid 30% down payment
Proper documentation as a business owner

At LJ Mortgage Team Inc., we specialize in helping clients including self-employed borrowers present clean, complete files that reduce friction and speed up approvals. When your file is structured right, underwriting becomes easy.

Whether you're buying, refinancing, or exploring what you qualify for, we guide you every step of the way.

📲 Ready to understand your buying power?

Call (516) 218-1297 or DM us today.

LJ Your Local Guide to Homeownership!

127-03 Rockaway Blvd South Ozone Park, NY 11420

(516) 218-1297

LJ Realty Team Buy - Sell - Rent Equal Housing Opportunity

LJ Mortgage Team Inc. NMLS# 2120286Purchase & Refinance NYS Registered Mortgage Broker, NYS Dept. of Financial Services. Broker arranges mortgage loans with third-party providers. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. Licensed By The N.J. Department Of Banking And Insurance, Is A Mortgage Broker And Arranges Loans With Third-Party Providers. We Do Not Make Any Mortgage Loan Commitments Or Fund Any Mortgage Loans. NMLS ID #2120286

• www.nmlsconsumeraccess.org

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