Bank Statement Converter for Bonus Income Mortgage Qualification

Mortgage underwriters treat bonuses as variable income. They need to see that your employer has paid a bonus two years in a row and that it is likely to continue. Converting your bank statements to Excel creates a clear deposit-by-deposit record of every bonus received, making the two-year averaging calculation straightforward.

Key Benefits

• Show bonus deposit dates and amounts for the last 24 months in one Excel file
• Distinguish annual bonus from profit sharing, commissions, and regular pay deposits
• Demonstrate the upward trend if bonuses have increased year over year
• Provide gross deposit amounts that reconcile with your W-2 box figures
• Give the underwriter a sortable file so they can pull bonus rows by amount and date

How It Works

1. Step 1: Upload your bank statements for at least 24 months covering each bonus payment period
2. Step 2: The converter extracts every deposit with date, description, and amount
3. Step 3: Download Excel and filter by deposit descriptions that match your employer's bonus labels
4. Step 4: Attach the file alongside your offer letter or employer bonus policy documentation

Frequently Asked Questions

My bonus is not guaranteed. Will a lender count it?

Lenders require two years of bonus history with a high likelihood of continuance. A signed letter from your employer stating the bonus program continues — combined with two years of bank deposit evidence — is the standard documentation package.

Can I include a signing bonus from a new job?

Signing bonuses are generally excluded because they are non-recurring. Your base salary plus any guaranteed bonus structure will be what the underwriter qualifies you on for a new position.

Convert a Statement Free