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Meet David Cloe

Trusted, skilled lender with years of experience

David has over 20 years of experience in the real estate industry. Prior to joining INB and starting his lending career, he was a real estate agent. As a Mortgage Loan Officer, he is responsible for originating mortgages, loans, construction loans, and helping his customers with other banking needs.

509-294-2892
[email protected]
NMLS ID: 487430

David's Specialties

Whether buying a new home, refinancing, or building a new large scale development, David and his dedicated team of mortgage lending experts can assist with all aspects of the lending process and help ensure you get the most competitive rates available.

Construction Loans

Whether building a commercial building or a residence, INB offers an experienced team of lenders to help finance your construction project.

FHA Loan

FHA loans generally require a lower down payment because they are insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.*

Conventional Loan

A conventional loan generally has fewer underwriting requirements and limitations than FHA, VA, or USDA guaranteed loans. Conventional loans have jumbo loan options that allow financing of larger loans which may not be available under a government guaranteed loan option.

USDA Loan

Provides USDA Insurance in the event the homeowner defaults on the loan. The insurance creates less risk, allowing for loans with small or no down payment for qualified customers. USDA has a maximum household income limits that changes annually, and restrictions for the location of the property. Up to 100% financing**

VA Loans

You may qualify for a Veteran’s Administration Loan through INB, a qualified VA lender. Take advantage of your right to apply for a VA loan to get into your new home or refinance your current loan. Up to 100% financing***

*The Federal Housing Administration (FHA) provides mortgage insurance on loans made by approved lenders. FHA mortgage insurance provides lenders with protection against losses against mortgage payment default. The cost of the mortgage insurance is paid by the homeowner as an upfront amount which is usually financed into the loan amount, as well as an amount that is included in the monthly mortgage payment. The amount of mortgage insurance paid on an FHA loan is dependent on the base loan amount, loan term and loan-to-value (LTV) ratio.

**The United States Department of Agriculture (USDA) provides mortgage insurance to the lender. USDA mortgage insurance provides lenders with protection from losses against mortgage payment default. You typically are required to pay a nonrefundable one-time fee that may be financed into the loan amount, as well as an amount that is included in the monthly mortgage payment.

***The Veterans Administration (VA) provides mortgage insurance to the lender. VA mortgage insurance provides lenders with protection from losses against mortgage payment default. You typically are required to pay a nonrefundable one-time VA funding fee that may be financed into the loan amount. The fee depends on the amount of the down payment, service type, prior use of VA eligibility and type of loan transaction.

Mortgage Inquiry

Take a moment to fill out our mortgage inquiry form or contact David at 509-294-2892.

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