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									                                                                                      Our Mission:
                                               Santa Cruz Branch            The Santa Cruz Community Credit             Watsonville Branch
                                                  324 Front Street            Union is a nonprofit financial          1428 Freedom Boulevard
                                               Santa Cruz, CA 95060            cooperative that promotes               Watsonville, CA 95076
                                          Phone: (831) 425-7708 Ext. 2304          economic justice.                   Phone: (831) 460-2233
                                               Fax: (831) 425-4824                                                      Fax: (831) 786-1979




                                  CUSTOMER CHECKLIST
           FIRST TIME HOME BUYER PROGRAM WITH SOUTH COUNTY HOUSING/CALHOME
                           DOWN-PAYMENT ASSISTANCE PROGRAM
                           MOBILE HOMES/MANUFACTURED HOMES
This checklist is for your convenience and to ensure that your application is complete. Please include the following items:

      □ Your complete and signed application
      □ Pre-qualification from the South County Housing
      □ Agreement of Sale for the property
      □ For Mobile Homes purchases, written park approval and a copy of the rental agreement which is to be executed
            prior to or at loan closing

      □ A check made payable to Santa Cruz Community Credit union for $30.00 (for a credit report)
      □ Copy of Trust Agreement (if property will be owned by a Trust) and/or a copy of Power of Attorney (if applicable)
      □ An appraisal will be required. An Appraisal fee will be paid to Santa Cruz Community Credit Union. The Credit
            Union will hire the appraiser and pay the fee directly (generally $350 to $400).

      □ Signed Real Estate Settlement Procedures Act (RESPA) Disclosures.
Income Documentation (Please supply copies)
       Salaried Employees:

                  □ Paycheck stubs for the last 30 days PLUS copies of the last three (3) years’ Federal Tax Returns,
                        including W-2 statements.

            Self-Employed and/or depending of rental income, interest income or commissions:

                  □ The last three (3) years Federal Tax Returns (signed) including all schedules;
                  □ The last three (3) years Business Federal Tax Returns (corporate, partnership or other entity) including
                        profit and loss statements and K-1 statements.

            Retired:

                  □ Social Security Award Letter
                  □ Pension and/or Annuity Statement
                  □ IRA, 401K or 403(B) Statement




Santa Cruz Community Credit Union                                                       REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)   1 of 8
                                                    CONSENT
We hereby give our consent to have Santa Cruz Community Credit Union obtain any and all information concerning our
employment, checking and/or savings accounts, obligations and all other credit matters which they may require in
connection with our application for a loan.


This form may be reproduced or photocopied and that copy shall be as effective consent as the original which we have
signed.




      _______________________________________                          ________________________________________
       Signature                       Date                             Signature                         Date




I hereby certify this to be a true and correct copy of the original.



By:


            ___________________________________________                   _______________________
            SCCCU Representative                                          Date




Santa Cruz Community Credit Union                                         REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)   2 of 8
             THE HOUSING FINANCIAL DISCRIMINATION ACT OF 1977
                           FAIR LENDING NOTICE
It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of:

1. Trends, characteristics or conditions in the neighborhood or geographic area surrounding a housing accommodation,
unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an
unsafe and unsound business practice: OR

2. Race, color, religion, sex, martial status, national origin, or ancestry.

It is illegal to consider the racial, ethnic, religious or national origin composition of a neighborhood or geographic area
surrounding a housing accommodation or whether or not such composition is undergoing change or is expected to
undergo change, in appraising a housing accommodation or in determining whether or not or under what terms and
conditions to provide financial assistance.

These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation or refinancing of
one to four unit family residences occupied by the owner and for the purpose of the home improvement of any one to four
unit family residences.

If you have any questions about your rights or if you wish to file a complaint, contact the management of this financial
institution OR:

                        State Credit Unions-Department of Financial Institutions
                        Consumer Information Desk
                        1810 13th St
                        Sacramento, CA 95814
                        (800) 622-0620


Equal Credit Opportunity Act
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on a basis of race, color, religion, national
origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income
derives from any public assistance program or because the applicant has in good faith exercised any right under the Consumer Protection Act. The
Federal Agency that administers compliance with this law concerning this creditor is Federal Trade Commission, Equal Credit Opportunity, and
Washington, D.C. 20580.




Fair Credit Reporting Act
As part of processing your application for a real estate loan, we may request a consumer report bearing on your creditworthiness, credit standing, and
credit capacity. This notice is given pursuant to the Fair Credit Reporting Act of 1970, Section 601 to Section 622, inclusive. You are entitled to such
information within 60 days of written demand therefore made to the Credit Reporting Agency pursuant to Section 606 (b) of the Fair Credit Reporting Act.

Acknowledgment of Receipt

I/We have received of copy of this notice:




     _______________________________________                                             ________________________________________
      Signature                       Date                                                Signature                         Date




Santa Cruz Community Credit Union                                                              REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)       3 of 8
                        IMPORTANT TERMS OF OUR FIRST TIME HOME BUYER PROGRAM

AVAILABILITY OF TERMS: All of the terms described below are subject to change.

SECURITY INTEREST: The Credit Union will take a mortgage on your mobile home/manufacture home. You could lose your home if you do not meet
the obligations in your agreement with the Credit Union.

POSSIBLE ACTIONS: The Credit Union can require you to pay the entire outstanding balance in one payment, and charge you certain fees if:
  You engage in fraud or material misrepresentation in connection with the loan.
  You do not meet the repayment terms.
  Your action or inaction adversely affects the collateral or the Credit Unions rights in the collateral.

FEES AND CHARGES: You will be responsible for paying for an independent appraisal by one of the appraisers from our approved list prior to
approval. A park evaluation may also be required. You will also be responsible for payment of credit report fees.

Appraisal Cost: approximately $400.00 (full appraisal) or $250.00 (drive-by appraisal) or, when appropriate, $25 for a property valuation.

TAX DEDUCTIBILITY: You should consult a tax advisor regarding the deductibility of Interest and charges for the line.

PROPERTY INSURANCE: You must carry insurance on the property that secures this plan.

TYPES OF LOANS: 20 year Fixed or 20 year fixed rate amortized for 30 years rates available for Purchase 1st Mortgage.

PROPERTY TYPE: Mobile Home/Manufacture Home must be sited in a Mobile Home Park (standard or Co-op) or owner occupied land. In the case of
purchase, documentation shall show that the above condition shall be met upon completion of sale.

LOAN LIMITS: Minimum Loan Amount: $20,000.00, Maximum Loan Amount: $250,000.00

MINIMUM DOWN PAYMENT/EQUITY: 10% cash contribution from borrower and remainder from CalHome Down-Payment assistance program (Silent
2nd DOT accruing at 3% simple interest; Due on sale)

PURCHASE: 75% Up to 15 years old or newer (single, double & triple wide)

OCCUPANCY: All units must be owner occupied.

REFINANCES: Are Not Acceptable.

PRE-PAYMENT PENALTIES: There are no pre-payment penalties.



I acknowledge receipt a copy of Adjustable-Rate Mortgages Booklet and Mortgage Settlement Costs Booklet:




     _______________________________________                                          ________________________________________
      Signature                       Date                                             Signature                         Date




Santa Cruz Community Credit Union                                                            REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)    4 of 8
                                    FORECLOSURE WARNING DISCLOSURE
                                             PLEASE READ VERY CAREFULLY


                                         * This line of credit is secured by your home *

         Failure to make your payments according to the Terms of this agreement may result in the loss of your home.




     _______________________________________                            ________________________________________
      Signature                       Date                               Signature                         Date




Santa Cruz Community Credit Union                                            REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)   5 of 8
                                    HAZARD INSURANCE DISCLOSURE
You have applied for a loan or credit accommodation that will be secured by real property. As a condition of the loan or
credit accommodation, SCCCU requires you to maintain hazard insurance coverage for the real property, including any
risks to the improvements on the property. However, you are not required to provide hazard insurance in an amount
exceeding the replacement value of the improvements on the property.




HAZARD INSURANCE REQUIREMENTS
1. The Original Insurance policy must be provided on or before the day the loan is to fund. Premiums should be paid in
   escrow or you must furnish us with a paid receipt. NOTE: BINDERS ARE ACCEPTABLE

2. The insurance policy is required to have the Lenders Loss Payable Form No. 438-BFU. Have your agent contact the
   escrow company for instructions.

3. The insurance company must be California licensed with an A rating in the current Best’s Insurance Guide.

4. We, the lender, require the very minimum amount of insurance coverage to be at least equal to the loan amount or
   replacement cost, whichever is less. Please consult with your insurance agent to determine adequate insurance
   limits.

5. We will contact you if Flood Insurance will be required.

6. Renewal Procedures: Original renewal policies or continuation certificates are to be furnished at least fifteen (15) days
   in advance of renewal date, accompanied by premium billings for those loans which include impounds for insurance.




HAZARD INSURANCE AUTHORIZATION
I have read and understand these hazard insurance requirements. I agree to abide by these requirements. I
acknowledge responsibility to:

      A) Provide, at my expense, fire insurance and other types of hazard insurance as may be required by the lender.
         This acknowledgment does not limit the terms and conditions of the Deed of Trust that secures or will secure the
         loan applied for.

      B) To continue to maintain such insurance without lapse of coverage throughout the life of the loan.

      C) To deliver such prepaid insurance policies to my escrow company on or before the day when the loan is ready to
         fund.




     _______________________________________                          ________________________________________
      Signature                       Date                             Signature                         Date




Santa Cruz Community Credit Union                                          REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)   6 of 8
         RIGHT TO RECEIVE A COPY OF AN APPRAISAL DISCLOSURE

You have the right to copy of the appraisal report used in connection with your application for credit. If you wish to have a
copy, please write to us at the following mailing address:

                                           Santa Cruz Community Credit Union
                                                     P.O. Box 1877
                                                  Santa Cruz, CA 95061

We must hear from you no later than ninety (90) days after we notify you about the action taken on your credit application
or no later than (90) days after you withdraw your application.


Upon your request, the appraisal report will be sent to:

                                                           ._______________________________

                                                           ._______________________________


Providing the following information will assist us in scheduling a timely appraisal.


Property address:                                          For access to property call:

_________________________________                          Residence:       (_____) ____________________

_________________________________                          Business:        (_____) ____________________

_________________________________                          Cell:            (_____) ____________________



APPLICANT ACKNOWLEDGMENT

I/We acknowledge that I/We have received a copy of this Disclosure of Right to Receive a Copy of an Appraisal.




     _______________________________________                            ________________________________________
      Signature                       Date                               Signature                         Date




Santa Cruz Community Credit Union                                           REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)   7 of 8
                           RESPA SERVICING DISCLOSURE STATEMENT
NOTICE TO MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE LOAN PAYMENTS
MAY BE TRANSFERRED. FEDERAL LAW GIVES YOU CERTAIN RIGHTS. READ THIS STATEMENT AND SIGN IT
ONLY IF YOU UNDERSTAND ITS CONTENTS.

Because you are applying for a mortgage loan covered by the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. §2601 et seq.) You have certain rights under that
federal law. This statement tells you about those rights. It also tells you what the chances are that the servicing for this loan may be transferred to a different loan servicer.
“Servicing” refers to collecting your principal, interest and escrow account payments. If your loan servicer changes, there are certain procedures that must be followed. This
statement generally explains those procedures.

Transfer practices and requirements
If the servicing of your loan is assigned, sold, or transferred to a new servicer, you must be given written notice of that transfer. The present loan servicer must send you
notice in writing of the assignment, sale or transfer of the servicing not less than 15 days before the date of the transfer. The new loan servicer must also send you notice
within 15 days after the date of the transfer. Also, a notice of prospective transfer may be provided to you at settlement (when the title to your new property is transferred to
you) to satisfy these requirements. The law allows a delay in the time (not more than 30 days after a transfer) for servicers to notify you under certain limited circumstances,
when your servicer is changed abruptly. This exception applies only if your servicer is fired for cause, is in bankruptcy proceedings, or is involved in a conservatorship or
receivership initiated by a Federal agency.

Notices must contain certain information. They must contain the effective date of the transfer of the servicing of your loan to the new servicer, the name, address, and toll-free
or collect call telephone number of the new servicer, and toll-free or collect call telephone numbers of a person or department for both your present servicer and your new
servicer to answer your questions about the transfer of servicing. During the 60-day period following the effective date of the transfer of the loan servicing, a loan payment
received by your old servicer before its due date may not be treated by the new loan servicer as late, and a late fee may not be imposed on you.

Complaint Resolution
Section 6 of RESPA (12 U.S.C. §2605) gives you certain rights, whether or not your loan servicing is transferred. If you send a “qualified written request” to your loan servicer
concerning the servicing of your loan, your servicer must provide your with a written acknowledgment within 20 business days of receipt of your request. A “qualified written
request” is a written correspondence, other than notice on a payment coupon or other payment medium supplied by the servicer, which includes your name and account
number, and your reasons for the request. Not later than 60 business days after receiving your request, your servicer must make any appropriate corrections to your account,
and must provide you with a written clarification regarding any dispute. During the 60-day period, your servicer may not provide information to a consumer reporting agency
concerning any overdue payment related to such period of qualified written request.

Damages and Costs
Section 6 of RESPA also provides for damages and costs for individuals or classes of individuals in circumstances where servicers are shown to have violated the
requirements of that Section.

Servicing Transfer Estimates by Original Lender
The following is the best estimate of what will happen to the servicing of your mortgage loan:

      1.          __ We do not service mortgage loans. We intend to assign, sell, or transfer the servicing of your loan to another party. You will be notified at settlement
                  regarding the servicer.
                  OR
      2.          _X We are able to service this loan and presently intend to do so. However, that may change in the future. For all the loans that we make in the 12-month
                  period after your loan is funded, we estimate that the chances that we will transfer the servicing of those loans is between:
                  _X_ 0 to 25%       _____ 26 to 50%        _____ 51 to 75%        _____ 76 to 100%

                  This is only our best estimate and it is not binding. Business conditions or other circumstances may affect our future transferring decisions.

      3.          This is our record of transferring the servicing of the loans we have made in the past:

                  Year Percentage of Loans Transferred (Rounded to nearest quarter - 0%, 25%, 50%, 75% or 100%)
                  2006           0.00%
                  2007           0.00 %
                  2008           0.00 %

The estimates in 2 and 3 above do not include transfers to affiliates or subsidiaries. If the servicing of your loan is transferred to an affiliate or subsidiary in the future, you will
be notified in accordance with RESPA.


______________                                                _______________________________________
DATE                                                          LENDER (Signature Not Mandatory)

INSTRUCTIONS TO PREPARER: For applications received in calendar year 2006 after the effective date of this Notice, the information in 2. above will be for calendar year
2006 only; for applications received in 2007, this information will be for calendar years 2006 and 2007; and for applications received in 2008 and thereafter, this information
will be for the previous three calendar years.

ACKNOWLEDGMENT OF MORTGAGE LOAN APPLICANT
I/We have read this disclosure form, and understand its contents, as evidenced by my/our signature(s) below.
I/We understand that this acknowledgment is a required part of the mortgage loan application.




     _______________________________________                                                            ________________________________________
      Signature                       Date                                                               Signature                         Date




Santa Cruz Community Credit Union                                                                              REAL STATE SETTLEMENT PROCEDURES ACT (RESPA)               8 of 8

								
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