CASH Program Process Flow Chart New Homes Used

CASH Program Process Flow Chart New Homes Used Homes Rental Homes (1976 or newer) (new homes only) 1 Community orders homes from approved manufacturers Community acquires or refurbishes used homes for inventory in the community. Community orders homes from approved manufacturers 2 Home is delivered by MFG and set up by the community. Community then invoices 21 st Communities for set up costs. Community owns the home and refurbishes the home with their own funds. Home is delivered by MFG and set up by the community. Community then invoices 21 st Communities for set up costs. 3 Clean and prep homes. Display marketing materials from 21 st Communities. Marketing 4 Market and sell the homes. Local for sale ads by community. Market the homes. Local ads by community. Step 1 of Loan Process – Credit Application 5 Fax or Email the consumer application to 21 st Mortgage Fax or Email the rental conversion request form to 21 st Communities Team Step 2 of Loan Process – Credit Conditions 6 Collect credit conditions and schedule closing Finalize lease with customer Step 3 of Loan Process – Closing and Funding 7 Close and fund the loan Community signs rental loan contract for home with 21 st Mortgage and loan funds Occupancy – Customer Moves In! 8 Loan funds and Customer can move in Acquire Home Inventory Prepare Homes for Display Complete Homes and Marketing Preparation