Where does Clara do business?

Clara is a direct lender based in San Francisco, CA. The company was founded in 2016 and offers mortgage refinancing to borrowers in 1 state across the USA.

What is the maximum loan term for a mortgage refinance via Clara?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Clara offers mortgages refinancing with terms ranging from 10 to 30 years.

What is the estimated funding time for a mortgage refinance with Clara?

Clara will typically fund mortgage refinances within 15 and days of approval.

Does Clara charge a mortgage origination fee?

Yes, Clara may charge a loan origination fee.

Does Clara charge prepayment fees?

Yes, Clara charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does Clara offer?

Clara offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • FHA 203k
  • USDA
  • VA

What property usage types does Clara allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Clara allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Rental properties
  • Inestment properties and house flipping projects 

  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Rental Property
    • Secondary Home
  • Funding Time Range (in days)
    Starting at 15
  • Loan Amount
    Up to $1223475
  • Loan Term (Years)
    10 - 30
  • APR
    Starting at 3.88%
  • Terms
    5/1, 7/1, 10, 15, 20, 25, 30 years
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

No reviews found.

Be the first to write a review for this company!

Write a Review

New Review for Clara

In category:  

Rate your experience:


Other Mortgage Refinance companies