Bank Statement Converter for Welders and Industrial Fabricators

Welders, pipe welders, structural steel fabricators, pipe fitters, and ironworkers can convert bank statement PDFs to Excel or CSV to document union wages, overtime income, per diem payments, and project-based contractor earnings. Essential for mortgage lenders who need to understand welder income including overtime and travel pay, and for documenting project-to-project income for pipeline and industrial welders.

Key Benefits

• Documents union welder wages plus overtime and shift differential deposits
• Separates per diem and travel reimbursement from base wage for clean income documentation
• Tracks project-based pipeline welding income from multiple contractor employers
• 24-month export for averaging variable project income for mortgage qualification
• Excel export ready for CPA review of per diem vs. taxable wage reporting

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 regular union payroll vs. per diem deposits vs. project contractor payments
4. Step 4: Calculate average monthly qualifying income for mortgage application

Frequently Asked Questions

How do pipeline welders document variable project income for mortgages?

Pipeline welders who travel from project to project with multiple contractor employers have complex income documentation. They may receive W-2s from 3–5 different employers in one year, plus per diem. Export 24 months of bank statements to Excel to show total gross deposits from all employers. Mortgage lenders will typically require all W-2s from the past 2 years. Per diem deposits (non-taxable reimbursement) are excluded from qualifying income. Non-QM bank statement lenders who focus on total deposit volume — rather than requiring a single W-2 employer — work well for pipeline welders with strong monthly deposits across multiple contracts.

Can welders qualify for mortgages with union overtime income?

Yes. Union welders with consistent overtime history can include overtime in mortgage qualifying income. Export 24 months of bank statements to Excel — lenders use your pay stubs for overtime proof, but bank statements confirm the actual deposit amounts match the pay stubs. Fannie Mae requires 24-month overtime history to include it in qualifying income. If you've worked union overtime consistently for 2+ years, a letter from your union hall confirming your regular overtime assignments helps lenders gain confidence the overtime income will continue.

Convert Welder Statement Free