Products & Services

Hancock County Savings Bank
Mortgage Loan Borrower's Application Checklist

To properly complete your application, please bring the following to your appointment, as they apply to your loan application.

Verification of Income:

• Most recent pay stubs, covering the last 30-day period.
• Most recent two (2) years' W-2s.
• Most recent three (3) years' Federal Income Tax Returns with all schedules and W-2s, if you have income other than wages.
• Name and address of employer(s) for the last two (2) years.
• Proof of Social Security, Pension, or Disability Benefits.
  1. Copy of your award letter
  2. Evidence of current monthly benefits, e.g., year-end statement, bank statements
• Proof of Child Support and/or Alimony being received
  1. Copy of Support Agreement
  2. Proof of receipt of support for the most recent 12-month period
  3. Proof that the income will be ongoing for at least three (3) more years
• Self-Employed Borrowers
  1. Most recent three (3) years' Federal Income Tax Returns with all schedules and W-2s
  2. Most recent three (3) years' Federal Corporate Tax Returns with all schedules and K-1s in the Corporation and a copy of the Articles of Incorporation
  3. Most recent three (3) years' Federal Partnership Income Tax Returns with all schedules and a copy of the Partnership Agreement
  4. Year-to-date Profit and Loss Statement

Verification of Assets:

• Most recent three (3) months' statements for all checking, savings, annuities, 401k, and mutual funds accounts
• Copies of Savings Bonds
• Signed Gift Affidavit or Letter, if part of the down payment is from gift funds

Liability Information:

• Most recent statement/coupon book for all debts, e.g. mortgage, car, credit cards, and installment loans
• Information on any other monthly obligations you may have to pay (excluding basic living expenses such as utilities and food)
• Name and address of your landlord, if you are currently renting your place of residence
• If you have co-signed for someone or have obtained a loan for someone, proof that the other person is making the payments and the account is paid on time

Purchase Transactions

• Sales Agreement, which is dated and signed by all parties and includes all addendums
• Copy of Seller's Deed

Refinance or Debt Consolidation Transaction

• For all accounts being paid off, the most recent statement/coupon book showing the balance, monthly payment, and how to reach the creditor for the payoff amount
• Copy of your Deed
• Copy of Homeowner's Insurance Policy
• Copy of the most recent Real Estate Tax Statement

Construction Loans:

• Contractor disbursement (payout) schedule
• Construction contract with costs, plans, and specifications
• Complete estimates (self-contractors)