Documentation

What's Needed to Apply for a BankAnnapolis Mortgage?

• Copy of ratified contract of sale (for purchase transactions)
• Residence history for the previous two years
• Employment history for the previous two years (employer's name, address, dates of employment, and gross monthly income)
• W-2s for previous two years
• Two most recent pay stubs
• Copies of titles to vehicles owned free and clear by borrower
• List of all liabilities including current mortgagor/landlord, car loans, revolving credit accounts, student loans, alimony, child support, etc. (lender name, address, monthly payment balance owed, full account number)
• Copies of two most recent months' bank accounts, money markets, and mutual fund accounts, etc.
• Schedule of real estate owned (property address, estimated value, loan balance, monthly rental income, if applicable)
• Divorce decree stating financial terms, if applicable
• Check for appraisal and credit report fees
• If self-employed, two years' federal tax returns and year-to-date profit and loss statement

Additional Items Needed for Construction-Permanent Loans

• Complete set of plans and specifications
• Ratified contract with the builder
• Ratified contract for lot purchase, or copy of deed if land is already owned