Bank Statement Converter for Ironworkers and Structural Steel Workers

Union structural ironworkers, reinforcing ironworkers, ornamental ironworkers, and rigging and machinery movers can convert bank statement PDFs to Excel or CSV to document journeyman wages from IABSORIW (International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers) union dispatch for mortgage qualification. Essential for FHA mortgages with union trade income gaps, and for high-wage structural ironworkers qualifying for conventional mortgages on $80,000–$130,000+ annual earnings.

Key Benefits

• Documents union ironworker dispatch wages for FHA and conventional mortgages
• Tracks premium pay for high-rise, bridge, and heavy structural ironwork
• Safety equipment allowances and tool reimbursements documentation
• Travel pay documentation for ironworkers following major structural projects
• 2-year W-2 income averaging for union dispatch employment gaps

How It Works

1. Step 1: Upload personal bank statement PDFs (24 months)
2. Step 2: Select Excel output
3. Step 3: Identify union payroll deposits and travel reimbursements
4. Step 4: Submit to lender with IABSORIW union card and 2 years of W-2s

Frequently Asked Questions

How do structural ironworkers qualify for mortgages given project-to-project employment?

Structural ironworkers follow major construction projects — a bridge in one city, a high-rise in another. This creates geographic mobility that can make mortgage qualification challenging. Export 24 months of bank statements to show consistent total annual income even with project changes. Mortgage lenders look at the 24-month income average from W-2s, not individual project history. Ironworkers with continuous union membership and consistent annual earnings above $60,000–$80,000 qualify for conventional mortgages. Purchase a home in your base area near the local union hall, where you return between projects.

Can ironworkers with physically demanding work qualify for disability-protected mortgages?

Physical injuries are a real risk in ironwork — the injury rate is higher than most trades. When qualifying for a mortgage, lenders don't factor in injury risk, only current income. However, if you're concerned about injury protection, ensure your mortgage is structured with payment protection insurance (if available in your state) or adequate disability income insurance. Export bank statements to show current income — if you're returning to work after an injury and have a gap in deposits, provide the workers' compensation income deposits that replaced wages during recovery, plus a medical clearance letter confirming return to full duty work status.

Convert Ironworker Statement Free