Whether you are purchasing a property or refinancing your current mortgage, Troy Bank and Trust is equipped to meet your needs. We're committed to making the home-buying process fast, convenient and stress-free for you. You will be working with the friendly people of our mortgage department throughout the entire process-from the beginning right through to closing.

Please provide the requested items as soon as possible to avoid delays in the closing of your loan.

PERSONAL AND EMPLOYMENT INFORMATION

¨       SIGNED copies of Federal Tax Returns and ALL attached schedules for previous years.  Please sign page two of each tax year.

¨       Two consecutive pay stubs for most recent earnings period.  Must show year-to-date earnings, name and adrress of employer. 

¨       W-2 forms for the most recent two years

¨       Alimony/child support income, if applicable

o         copy of divorce decree, financial stipulation

o         proof of income for three consecutive months

¨       Social Security and pension award letters

¨       Copies of Driver’s License and Social Security Card

¨       If you are not a U. S. citizen, a copy of the front and back of your green card.

ASSETS INFORMATION

¨       Two most recent month’s statements on each bank, mutual fund, and/or investment account; please provide all pages.

¨       Verification of any liquid assets, such as stocks, bonds, mutual funds, IRAs, 401k plans, etc., with copies of two most recent statements.  All pages. 

¨       If you have recently made any large deposits to your accounts, please provide documentation for the source of the deposits.

¨       Information on any other real estate being sold, such as a copy of sales agreement

¨       Information on property to be retained (i.e., rental property), such as taxes, insurance and/or condo fees; include proof of rental income (i.e., tax returns)

PROPERTY BEING PURCHASED OR REFINANCED

¨       For refinances, copy of most recent mortgage statement(s)

¨       Sales contract (applicable to purchase transactions only)

¨       Copy of existing deed, if available

¨       Copy of survey, if available

¨       Real estate tax bill, if available

¨       Copy of homeowners insurance bill (applicable to refinance transactions only)

¨       Name and address of existing mortgage lender (applicable to refinance transactions only)

¨       Name and telephone number of insurance agent

CREDIT AND LIABILITY INFORMATION

¨       Name and account numbers of creditors along with current balance and monthly payments of all outstanding loans (including credit cards)

¨       Copies of statements of any debt which you are planning to pay off

¨       Written credit explanation of any current or previous credit problems.

¨       Information on any loans you have co-signed, or other obligations

¨       Divorce decree and stipulations to verify debt obligations (if applicable)

¨       Bankruptcy discharge and schedule of debts (if applicable)

OTHER INFORMATION

¨       If the property is a condominium, please have a set of the “condominium documents,” name and telephone number of management company and any other pertinent information

¨       A construction loan requires one complete set of plans, specifications, a list of building materials and builder pre-approval