Sales are just around the corner. Get started at The Central Ala Moana by completing these steps and we will get you connected with a project lender to start the pre-qualification process right away.
What is a pre-qualification letter?
If you are serious about applying for the lottery, you should obtain a pre-qualification letter.
The process is simple - you will supply a brief overview of your recent financial history to a loan officer. The lender will review your information and give you an estimate of a loan amount you will qualify for. They will then give you a pre-qualification letter which you will need to submit along with your application for purchase at The Central.
(*You are not required to use the same lender to obtain a loan. You are not locked into anything by going through pre-qualification.)
Gather the required documents (digital copies are ok), to submit to a loan officer.
- Last 2 years of Federal and State Tax returns (all pages and schedules)
- Last 2 years of W-2(s), 1099(s)
- 1 month of most recent pay stubs
- Last 2 months of bank statements (all pages) to support the down payment, reserves and closing costs.
- *If self employed, 3 years of Corporate Tax returns, a most recent year-to date Profit and Loss and Balance Sheet.
Contact us as soon as you have the documents and we will connect you with a qualified loan officer who specializes in affordable housing programs. You can email, call, or text us at any time once you are ready to go.
In past Reserved Housing and Affordable Housing projects, many applicants put off Pre-Qualification until the last week applications were due. This was a major problem for loan officers as they were swarmed with applicants and couldn't get to everybody in time. This in fact caused applicants to miss the cut off date for applications and not have a chance at the lottery.
If you take care of this now, you can beat the rush of other applicants and also have more time to gather necessary documents.
If you have more questions, please contact me directly at (808) 721-3747 or firstname.lastname@example.org