Yes! We, Land of the Free, are thrilled to be able to offer homes and or septic on some of our properties. We have been working hard the last year to be able to prove affordable housing to employed, self-employed, first-time buyers and veterans. Even if you have a 600 credit score, we have options for you to get this process started.
Homes we are offering:
1600 square foot Cavco Manufactured Home- Legacy Edition with all upgrades. 3 or 4 bed/2 bath. Lots are equipped with septic, a 2500 gallon water tank, electric, and over 2 acres of land for you to design. Prices start at $275,000.
820 square foot Clayton Manufactured Home with all upgrades. 2 bed/2 bath. Lots are equipped with septic, a 2500 gallon water tank, electric, and 1-2 acres of land for you to design. Prices start at $150,000.
We have saved you a few hours of research and phone calls with the information below. Please review the following check list for employed and self-employed persons. Our loan officer will be happy to assist you when you get your docs ready and our Admin, Z will be happy to assist you in getting the doc package ready to submit to John.
Employed Purchase:
Document Checklist
The following documents will be needed for Loan Approval. We recommend you begin assembling these documents. You are not required to provide any documentation prior to receiving a Loan Estimate.
IDENTIFICATION
Driver’s license(s): Scanned copies are better as a photo can get lost in a photo copy/fax).
✔ If you are not a US citizen, a copy of the front and back of your green card(s). Scanned copies are better as a photo can get lost in a photo copy/fax.
INCOME
Your paystub(s) covering the last 30 consecutive days (must include a year-to- date).
W-2 Forms for the last 2 years
ASSETS
Last 2 months of bank statements. These must include all pages of the statement(s) even if the last page is blank. Internet copies are acceptable as long as they contain the Bank Name, Account Number, Your Name and 60 days history. Statements with redacted information are not acceptable.
The last quarterly statement for all listed other asset accounts. This will including 401(k), IRA, stock accounts, and mutual funds. Must include all pages of statement even if last page is blank.
MISCELLANEOUS
✔ If you own other real property (Rental or Second Homes). Please provide hazard insurance declarations page, property tax statements, leases, and a copy of the current mortgage statements on all properties.
✔ Award letter for any social security and/or disability income. Should show income to✓ continue for the next 3 years.
✓ Retirement award letters. Should show income to continue for the next 3 years. ✓ Last 2 years personal federal income tax returns with all pages and all schedules. These must be signed and dated. Last 2 years business federal income tax returns with all pages and all schedules. These must be signed and dated. ✔If you are self-employed, please provide a copy of any applicable licenses for your business. Copy of your year-to-date P&L and Balance Sheet.
If applicable, a signed copy of your complete divorce decree.
✓ If you receive child support, alimony, or separate maintenance and wish this to be considered as income, provide proof of receipt for the last 12 months.
✔ If you have a previous bankruptcy, a copy of the discharge or dismissal paperwork.
Fully executed sales contract completed by all parties (Realtors, sellers, and buyers) with all signed addendums (any required documentation per said addendums) Proof earnest money deposit has cleared your bank. A picture of the cleared check (front and back) should be available through your bank’s online access.
✓ Copy of sales contract on existing home if you are selling current home.
Self Employed Purchase:
Document Checklist
The following documents will be needed for Loan Approval. We recommend you begin assembling these documents. You are not required to provide any documentation prior to receiving a Loan Estimate.
IDENTIFICATION
Driver’s license(s): Scanned copies are better as a photo can get lost in a photocopy/fax).
✔ If you are not a US citizen, a copy of the front and back of your green card(s). Scanned copies are better as a photo can get lost in a photo copy/fax.
INCOME
Your paystub(s) covering the last 30 consecutive days (must include a year-to- date).
W-2 / 1099 Forms for the last 2 years ✔ Award letter for any social security and/or disability income. Should show income to continue for the next 3 years. Retirement award letters. Should show income to continue for the next 3 years. Last 2 years personal federal income tax returns with all pages and all schedules. These must be signed and dated. Last 2 years business federal income tax returns with all pages and all schedules. These must be signed and dated.
If you are self-employed, please provide a copy of any applicable licenses for your business.
Copy of your year-to-date P&L and Balance Sheet. These must be signed and dated.
ASSETS
Last 2 months of bank statements. These must include all pages of the statement(s) even if the last page is blank. Internet copies are acceptable as long as they contain the Bank Name, Account Number, Your Name and 60 days history. Statements with redacted information are not acceptable.
The last quarterly statement for all listed other asset accounts. This will including 401(k), IRA, stock accounts, and mutual funds. Must include all pages of statement even if last page is blank.
MISCELLANEOUS
✔ If you own other real property (Rental or Second Homes). Please provide hazard insurance declarations page, property tax statements, leases, and a copy of the current mortgage statements on all properties.
✓ If applicable, a signed copy of your complete divorce decree.
✓ If you receive child support, alimony, or separate maintenance and wish this to be considered as income, provide proof of receipt for the last 12 months.
✔If you have a previous bankruptcy, a copy of the discharge or dismissal paperwork.
✓ VA Copy of DD-214 and Certificate of Eligibility
Fully executed sales contract completed by all parties (Realtors, sellers, and buyers) with all signed addendums (any required documentation per said addendums) Proof earnest money deposit has cleared your bank. A picture of the cleared check (front and back) should be available through your bank’s online access.
✓ Copy of sales contract on existing home if you are selling current home.
| John Owens | Branch Manager |
| West Capital Lending, LLC Direct: (602) 435-0924 | Fax: (949) 784-0524 [email protected] 24 Executive Park Suite 250, Irvine, CA 92614 NMLS 216977 | NMLS 1566096 DRE 02022356AZ License LO-0913729 westcapitallending.com Upload Documents Securely | Apply Now Schedule an Appointment with Me |
