Bank Statement Converter for an Asset Depletion Mortgage

Asset depletion loans let retirees and high-net-worth borrowers qualify for a mortgage using liquid assets rather than earned income. Lenders divide your total eligible assets by the loan term to compute a monthly income equivalent. Your bank statements are the primary evidence that those assets exist and are accessible.

Key Benefits

• Show the full balance of checking, savings, and money market accounts in a single Excel file
• Separate eligible liquid assets from non-eligible restricted or illiquid holdings
• Document balance consistency over 3–12 months to prove assets are not borrowed or gifted
• Export dates and balances as a timestamped record lenders can audit
• Provide a clean Excel sheet your loan officer can attach directly to the underwriting file

How It Works

1. Step 1: Upload PDF statements from all eligible accounts — checking, savings, brokerage, and retirement
2. Step 2: The tool extracts every transaction, balance, and date automatically
3. Step 3: Download the Excel output and highlight ending balances by month across all accounts
4. Step 4: Submit the file with your asset depletion worksheet to your loan officer

Frequently Asked Questions

Which accounts count for asset depletion mortgage qualification?

Most lenders count 100% of checking and savings, 70% of retirement accounts (discounted for early withdrawal taxes), and 70% of brokerage accounts. Retirement balances typically require a 6-month statement to prove no penalty withdrawals.

How many months of bank statements does an asset depletion lender need?

Typically 3 to 12 months depending on the lender. Statements covering 12 months provide the strongest case that balances are stable and not borrowed or recently transferred from another source.

Convert a Statement Free