Bank Statement Converter for Roofers and Roofing Contractors

Roofers, roofing contractors, storm restoration specialists, and roofing company owners can convert bank statement PDFs to Excel or CSV to document storm season insurance claim project income, residential reroof deposits, and commercial roofing contract payments. Essential for mortgage applications where roofer income has significant storm-driven peaks, and for roofing company owners seeking SBA loans for equipment and crew expansion.

Key Benefits

• Documents storm season hail and wind damage project income for income averaging
• Tracks insurance direct payment (DRP) deposits from State Farm, USAA, Allstate
• Separates insurance restoration from cash reroof and maintenance revenue
• 24-month seasonal income averaging for roofer mortgage qualification
• Storm contractor SBA loan support with multi-year revenue history

How It Works

1. Step 1: Upload your bank statement PDFs (last 24 months)
2. Step 2: Select Excel output
3. Step 3: Identify insurance claim deposits, cash project payments, and materials costs
4. Step 4: Calculate 24-month average monthly income for mortgage lender review

Frequently Asked Questions

How do roofing contractors document storm season income for mortgage applications?

Roofing contractors in hail-prone regions (Texas, Kansas, Colorado, Nebraska) can have dramatic income spikes after major storm events followed by dry periods. Export 24 months of bank statements to Excel to show the full income cycle including storm event peaks and non-storm months. Lenders average 24-month totals for storm contractors — a strong storm year and a normal year averages to a sustainable qualifying income. Roofing contractors should also separate insurance claim project deposits from their own residential reroof cash business to show diversified revenue sources to lenders.

Can roofing company owners qualify for mortgages with S-Corp distribution income?

Yes. Roofing company owners who pay themselves via S-Corp distributions rather than W-2 salary qualify under self-employment income guidelines. Export 24 months of business bank statements to Excel alongside 2 years of S-Corp tax returns (Form 1120-S). Lenders calculate qualifying income as: your W-2 officer salary (if any) + Schedule K-1 S-Corp income + business depreciation addback. If your roofing company has strong gross deposits but modest net income after equipment depreciation, a non-QM bank statement loan using 12-month gross business deposit average may provide better qualifying income.

Convert Roofer Statement Free