Bank Statement Converter for Locum Tenens Physicians

Locum tenens physicians, independent contractor doctors, and 1099-paid medical specialists can convert bank statement PDFs to Excel or CSV to document contract income, qualify for physician mortgage loans, and support practice acquisition financing. Locum income — paid through staffing agencies like CompHealth, Weatherby Healthcare, or Envision — appears as large irregular deposits that require bank statement analysis for lender underwriting.

Key Benefits

• Agency staffing payment aggregation for physician mortgage applications
• 1099 independent contractor income averaging for conventional mortgage qualification
• Practice acquisition loan income documentation (SBA 7(a) healthcare loans)
• Partnership buy-in financing income verification for physician group equity
• Locum assignment gap documentation showing income continuity across assignments

How It Works

1. Step 1: Upload personal bank statement PDFs (24 months)
2. Step 2: Select Excel output
3. Step 3: Annotate locum agency deposits and assignment dates for lender context
4. Step 4: Submit to physician mortgage lender with 1099s and locum agency contracts

Frequently Asked Questions

Which lenders offer physician mortgages that accept locum tenens income?

Physician mortgage programs (doctor loans) from Bank of America, Fifth Third Bank, Flagstar, Huntington Bank, and TD Bank accept locum tenens 1099 income. These programs use 2-year average 1099 income (Schedule C net profit) as qualifying income. Export 24 months of bank statements to show consistent locum agency deposits — lenders want to see stable income flow across multiple assignments, not just one large deposit. Physician mortgages offer 0–10% down with no PMI, making them ideal for locum physicians.

How do locum physicians document income for SBA practice acquisition loans?

SBA 7(a) loans for medical practice acquisitions require 3 years of personal tax returns and 24 months of bank statements. Export personal account statements showing locum 1099 income deposits from CompHealth, Weatherby, or other agencies. SBA lenders average the 2-year net income after Schedule C deductions to determine qualifying income. Locum income is strong for SBA qualification because it's typically $200,000–$400,000+ annually — well above the practice's existing revenue, which is reassuring to SBA lenders.

Convert Locum Physician Statement Free