The following items will be needed when you apply for a mortgage with Traditons Mortgage:
Employment
- Name and address of employers for the past two years
- Copy of pay stubs for the previous 30 days
- Copy of last two years of W-2 forms
If you are Self-Employed, have any investment properties, or more than 20% of your income is from commissions or K-1 income (you own more than 20% of the business)
- Copy of last two years tax returns (personal and business); year to date P&L and Balance Sheet through the most recent quarter
Assets
- Copies of statements covering last 3 months on asset accounts (all pages, must show your name, account number, and the banks name)
- Copy of most recent statement for 401K, Savings Plan, etc (all pages)
Liabilities
- Name and address for landlords for the previous two years
ID/Miscellaneous
- Drivers license
- Social Security Card
- Name and phone number of your homeowners insurance agent
- Copy of fully executed divorce degree if applicable
- Copy of signed contract
- Copy of lease agreements on rental properties
- Veterans: Copy of DD 214 and Eligibility Certificate if you have it
- Check for the cost of your credit report and appraisal ($600) payable to Traditions Bank