Dana Peterson | Mortgage Loan Officer

Why Brokers Deliver Better Results

Technology Streamlines the Process

Modern platforms mean faster approvals, real-time updates, and less paperwork hassle.

Multiple Investors, Better Pricing

We shop dozens of wholesale lenders to find you the best rate and terms—not just what one bank offers.

Zero or Low Closing Cost Options

Scenario-dependent, but we can often structure loans with lender credits to reduce your upfront costs.

Exceptional Service

You're not a number in a call center queue. You work directly with an experienced loan officer who knows your file.

Proactive Communication

We keep you informed at every milestone, so there are no surprises on closing day.

Why Choose Dana Peterson & West Capital Lending?

With over 30 years of hands-on mortgage experience, I've guided thousands of families through every type of home financing scenario—from first-time purchases to complex investment portfolios.

Reputation Built on Results

In an industry where trust is everything, my track record speaks for itself. I've built lasting relationships with real estate agents, financial advisors, and past clients who return for their next purchase or refinance—and refer their friends and family. That doesn't happen by accident. It happens through consistent communication, transparent pricing, and a genuine commitment to finding the right solution for each borrower's unique situation.

Education-First Approach

Mortgages can feel overwhelming, especially if it's your first time or you're navigating a complex scenario like self-employment income or investment property financing. I take the time to explain your options in plain English—no jargon, no pressure. You'll understand the difference between conventional and FHA, why points might make sense (or not), and how different loan structures impact your monthly payment and long-term wealth building.

Local Expertise, Multi-State Reach

Based in Irvine, California, I'm licensed to serve borrowers in Alabama, Arizona, Colorado, Florida, Idaho, Oklahoma, Pennsylvania, Tennessee, Virginia, and Washington. Whether you're buying in a competitive coastal market or a growing Sunbelt city, I understand regional nuances—property tax structures, insurance requirements, appraisal challenges, and local market conditions that can affect your loan approval and terms.

How Wholesale Pricing Works (And What It Means for You)

As a mortgage broker, I don't work for one bank. Instead, I have relationships with dozens of wholesale lenders—the same institutions that fund loans for big retail banks, but at lower rates because there's no branch overhead. Here's what that means in practice:

I can shop your scenario across multiple investors in real time
You get access to niche programs (bank statement loans, DSCR, interest-only) that many retail banks don't offer
Pricing is often 0.25% to 0.50% better than you'd find at a traditional bank
If one lender has an issue with your file, I can pivot to another without starting over

Realistic Timeline Expectations

Most purchase loans close in 21 to 30 days, depending on the property type, appraisal turnaround, and how quickly you provide documentation. Refinances can be faster—sometimes as quick as 14 days for straightforward rate-and-term transactions. I'll give you a realistic timeline upfront and keep you updated if anything changes. No surprises, no last-minute scrambles.

Disclosure Transparency

Within three business days of your application, you'll receive a Loan Estimate—a standardized form that breaks down your interest rate, monthly payment, closing costs, and cash needed to close. I'll walk you through every line item so you understand what you're paying for. If something doesn't look right or you have questions, we address it immediately. No fine print, no hidden fees.

Document Checklist (What to Have Ready)

To speed up your approval, gather these items early:

Income: Last 2 years of W-2s and tax returns; recent pay stubs (if employed); profit & loss statement (if self-employed)
Assets: Last 2 months of bank statements for all accounts; retirement account statements if using for down payment or reserves
Credit: I'll pull your credit report, but review your own first to catch any errors
Property: Purchase contract (if buying); current mortgage statement (if refinancing); HOA documents (if applicable)
Identity: Driver's license or passport; Social Security card

The 5-Step Process

Discovery & Pre-Approval

We discuss your goals, review your finances, and issue a pre-approval letter (usually within 24 hours).

Shopping & Offer

You find a property, make an offer, and we lock your rate once you're under contract.

Underwriting

The lender reviews your file in detail. We handle any conditions or requests for additional documentation.

Clear to Close

All conditions are satisfied. We schedule your signing appointment and coordinate with escrow/title.

Signing & Funding

You sign final documents, funds are wired, and you get the keys to your new home (or your refinance is complete).

Quick FAQ

How fast can we close?

Most purchase loans close in 21-30 days. Refinances can be as quick as 14 days for straightforward scenarios.

Can I buy with gift funds?

Yes! Gift funds from family members are allowed on most loan programs. We'll need a gift letter and documentation of the transfer.

What about condo approvals?

Condos require additional review of the HOA's financial health and insurance coverage. I'll handle this process and let you know if there are any issues.

Do I need perfect credit?

No. FHA loans can work with scores as low as 580 (sometimes lower with compensating factors). Conventional loans typically require 620+, but there are exceptions.

Bottom line: A modern mortgage done the old-fashioned way—with accountability, transparency, and the least surprises possible. Rate and term options crafted around your life, not the other way around.

Mortgage FAQs

Book a Call with Dana

Schedule a convenient time to discuss your mortgage options. Choose a time that works best for you.

Have 5 Minutes? That's Enough to Start.

Get pre-approved, ask a question, or schedule a consultation. No pressure, just honest guidance.

dpeterson@westcapitallending.com|Toll-Free: 800-681-1123

West Capital Lending is an Equal Housing Lender. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines, and acceptable collateral. Interest rates, terms, and program availability may change without notice. Not all applicants will qualify. Information is for educational purposes only and is not financial or legal advice. NMLS Company ID 1566096. MLO NMLS 173133.

At West Capital Lending, We Understand Home is More Than Your Biggest Asset.

Whether You're Lowering Payments, Getting Cash Out to Remodel, or Pre-Qualifying for Your First Home Purchase

The American Dream of Homeownership is Something We Take Seriously—and Experience Matters.

Rocket Mortgage's #1 National Broker Partner

Access Over 180+ Lending Partners

Why Brokers Deliver Better Results

Technology Streamlines the Process

Multiple Investors, Better Pricing

Zero or Low Closing Cost Options

Exceptional Service

Proactive Communication

Why Choose Dana Peterson & West Capital Lending?

Reputation Built on Results

Education-First Approach

Local Expertise, Multi-State Reach

How Wholesale Pricing Works (And What It Means for You)

Realistic Timeline Expectations

Disclosure Transparency

Document Checklist (What to Have Ready)

The 5-Step Process

Discovery & Pre-Approval

Shopping & Offer

Underwriting

Clear to Close

Signing & Funding

Quick FAQ

How fast can we close?

Can I buy with gift funds?

What about condo approvals?

Do I need perfect credit?

Loan Programs

Conventional

FHA

VA

Non-QM

Interest Only

Reverse Mortgage

Testimonials

John Sarnecky

Kimberly Bell

Alex Kissling

Shawn Landreth

Holly Pulido

Cheverlyn C

Virginia Donoso

Harold J

Janelle Carlson

Amy Osborne

James Cirillo

Justin Ryan Pokrywka

wendy Taylor

Rodney Smith

Mae Abad

Dan Dabasol

jose alvarez

Shannon Merritt

Jason Duncan

Todd Stevenson

Deborah Weisberg

Netsy Rivera

Kahana Bigelow

Danielle Dingwall

Imelda Hinojosa

Zoila Coto

Rosalie Vejar

Eli Sewell

Bobby Botelho

Marcy Zahm

Dana Coe

Mortgage FAQs

What credit score do I need to qualify for a mortgage?

How much do I need for a down payment?

What's the difference between pre-qualification and pre-approval?

How long does it take to close on a mortgage?

Can I use gift funds for my down payment?

What documents do I need to apply for a mortgage?

Should I pay points to lower my interest rate?

Can I buy a home if I'm self-employed?

Book a Call with Dana

Have 5 Minutes? That's Enough to Start.

Rocket Mortgage's #1 National
Broker Partner