Bank Statement Converter for Carpenters and Woodworking Contractors

Carpenters, finish carpenters, cabinet makers, woodworking contractors, and trim specialists can convert bank statement PDFs to Excel or CSV to document union wages, residential project income, and seasonal construction earnings. Essential for mortgage income documentation where carpenter income varies by season and project availability, and for self-employed carpenters building their own contracting business.

Key Benefits

• Documents union carpenter wages with overtime for mortgage income qualification
• Separates residential project invoice payments from W-2 commercial carpentry income
• Tracks seasonal construction project income for 24-month averaging
• Excel export shows consistent depositor patterns across busy and slow construction seasons
• Multi-account export for carpenters with business checking and personal accounts

How It Works

1. Step 1: Upload your bank statement PDFs (last 12–24 months)
2. Step 2: Select Excel output
3. Step 3: Identify union payroll deposits vs. residential client project payments
4. Step 4: Calculate average monthly income for mortgage lender documentation

Frequently Asked Questions

How do self-employed carpenters document income for FHA mortgage applications?

Self-employed carpenters applying for FHA loans need 2 years of tax returns plus 12 months of bank statements. FHA allows self-employment income if you have been self-employed for at least 2 years. Export 24 months of bank statements to Excel to show consistent project income deposits. If your Schedule C net income after deductions is lower than your gross deposits, consider a non-QM bank statement loan — they average 12-month gross business deposits (typically allowing 50–90% of gross as qualifying income) rather than requiring the full tax return net income.

Can union carpenters use bank statements to prove overtime income for mortgages?

Yes. Union carpenters with consistent overtime earn significantly more than their base hourly scale. Export 24 months of bank statements to Excel to confirm that your actual deposits match your overtime pay stubs. Fannie Mae requires 2-year overtime history from the same union local or employer type to count overtime in qualifying income. Your union hall can provide a letter confirming you've consistently been called for overtime work, which strengthens the case that overtime income will continue.

Convert Carpenter Statement Free