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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
James Clay III
- Originating Branch Manager
- Louisville, KY Mortgage Loan Officer
- NMLS #47632
I’ll be with you every step of the way
Hi, I’m Jim Clay, and I’m proud to bring you top-notch service with America’s #1 Retail Mortgage Lender! With 24 years of experience in both commercial and residential lending, and hundreds of millions of dollars in loan volume closed, I’ve built a large database of delighted clients thanks to my dedication and expertise.
Based in Louisville, KY, I’m licensed in Kentucky, Indiana, Illinois, Missouri, South Carolina, and Tennessee. I joined CrossCountry Mortgage five years ago as part of Jeremy Forcier’s esteemed team, and it’s been a fantastic journey ever since. Growing up in Danville, KY, I was honored to win a state wrestling title in 1987 and later earned a place in the Danville High School Athletic Hall of Fame with my brother John in 2018. My wrestling career continued at Illinois before finishing at the University of Kentucky.
Whether you’re looking for expert guidance on your next mortgage or refinancing, I’m here to help you every step of the way with a personal touch and a commitment to excellence.
James’s testimonials
Guides and resources
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How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.