At Trustco Bank, our documentation requirements are typically less burdensome than many of our competitors. As a portfolio lender, we gather the information necessary to make an informed lending decision while also complying with all laws and regulations. Please click on the options below to see what is required for the loan you are applying for.
Refinancing / Home Equity Loan or Line:
Purchasing a New Home:
In addition to the information above, we also need to verify your income. We may require a copy of your signed tax returns for the previous 2 years with all of your schedules. Find examples below of additional information that may be needed to complete the mortgage process.
Straight salary / commission / bonus / tips / overtime / military / part-time / seasonal
Social Security / Pension
Rental Income
Alimony / Child Support
Asset derived income / Dividends / Interest
Capital Gains
Trust Income
Disability
Sole Proprietorship
Partnership / LLC / S-Corp / Corporations
If you have any questions regarding the above, please contact your local Branch Office or call (518) 377-3311.
Remember that Trustco Bank does not require tax escrow and pays the Private Mortgage Insurance (PMI) on applicable loans.
The above should be used for general reference only. Specific sources of income and specific products may require additional documentation.
What do You Need To Open A Checking Account
Trustco offers several different debit cards for their customers. Find out which card best fits your needs.
Why You Should Open A Health Savings Account
Do you wish you had better control over how you spend your health-care dollars? If so, you may be interested in an alternative to traditional health insurance called a health savings account (HSA).
Environmental
At Trustco Bank we understand the importance of limiting our carbon footprint while delivering the best value to our shareholders.
