CapWest Mortgage is a family owned community bank that I absolutely commend for such growth. Their products are particularly orientated to suit both average homeowners and small business clients. dedicating high quality loan products and services to their customers is a priority that they do not skip out on. CapWest Mortgage offers some of the best rates around, along with a diverse range of programs and options created to be specifically customized to any home buyer’s needs. Whether you’re in the market for a conventional loan, Jumbo or Investment Property loan, you can put your trust in CapWest Mortgage.
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CapWest Mortgage In-Depth:
Navigating their site is pretty easy. On the front page, you’ll see some options to either apply, pre-qualificy, or check their rates. Whenever I see an Online Mortgage lender include a table of all their respective rates, it’s always a good sign of transparency with their services. While we’re on the topic of rates, they have beautifully categorized their rates in respect to “Top Picks,” “Low Rate ARMs,” and all the other categories that you may want to check out.
Considering options, they offer “Conventional”, “Fixed Rate Mortgages”, “Adjustable Rate Mortgages”, “15 to 180 Day Locks”, “Jumbo”, and also for “Investment Properties”. CapWest also offers Home Equity mortgages, which is something that a majority of Mortgage lenders we write about don’t have in their portfolio. New customers who are interested in applying for a loan for Home Purchase, Home Equity, Debt Consolidation, or Refinance can either apply online at www.gocapwest.com or call them toll-free at 1-866-280-9378
CapWest Mortgage Summary:
- Apply Now
- Account Type: Conventional, jumbo, FHA, VA, USDA, Home Equity loans
- Availability: Licensed in all states but NY and UT
- Expiration Date: None
- Additional Advise: Have the necessary documents and validation information ready to make your process as smooth as possible.
- Closing Loan: Standard lock period is 21 days or less
CapWest Mortgage Basic Requirements:
Below are examples of supporting documents which may be included in a loan file:
Income Documents:
- Pay Stubs covering the customer’s most recent two pay periods for each applicant.
- W-2 Forms for the previous two years.
- Two most recent years’ federal tax returns (e.g. for a loan in 2015, the customer need to submit the customer’s 2014 and 2013 federal tax returns). All the pages and all schedules.
- If the customer is self-employed, the two most recent years’ business tax returns are also needed.
- For self–employed or investment income, the two most recent years’ 1099’s and K-1 forms are also needed
- For self–employed business income,year-to-date profit and loss statement and balance sheet.
- For retired customers, copy of Social Security and/or Pension “award letters” detailing the amount of retirement income.
Asset Documents:
- Two most recent months’ bank statements. All of the pages.
Other Documents:
- Homeowner’s Insurance statement(s) for all properties owned showing the customer’s coverage and the annual premium.
- Mortgage statements for all properties owned that have liens.
- Copy of driver’s license or State I.D.card for all customers.
- If divorced, the customer’s fully executed divorce decree.
Conclusion:
CapWest Mortgage is a reliable outlet for your mortgage needs with tons of mortgage lending options, plenty of more from a majority of online mortgage lenders that we’ve reviewed with unbelievably competitive prices. Transparency is key with a mortgage company and that’s exactly what CapWest does exceptionally well. Note that CapWest Mortgage is licensed in all states but NY and UT. All loans must satisfy company underwriting guidelines. Interest rates and Annual Percentage Rates. Ending this post, be sure to check out our compiled list of Best Mortgage Rates!