Bank Statement Converter for Condo Purchase Loan Applications

Condo mortgage applications — both warrantable (Fannie Mae/Freddie Mac eligible) and non-warrantable (portfolio lender) — require bank statements to verify income, down payment, and reserves. Convert your PDF to Excel for a complete condo loan package.

Key Benefits

• Supports warrantable and non-warrantable condo loan documentation
• Verifies 3–20% down payment for condo purchase
• Works with all major banks: Chase, Wells Fargo, Bank of America, Citi
• 2–3 month export covers standard condo lender requirements
• Shows reserves required for condo HOA assessment risk coverage

How It Works

1. Step 1: Upload your bank statement PDFs (2–3 months)
2. Step 2: Select Excel output
3. Step 3: Download and verify down payment and reserve balances
4. Step 4: Submit to your condo lender or mortgage broker

Frequently Asked Questions

What bank statements are needed for a condo mortgage?

Condo lenders require the 2 most recent months of bank statements showing: down payment funds (3% minimum for conventional, 3.5% for FHA), reserves (typically 2 months of PITIA including HOA fees), and consistent income deposits. Export to Excel and annotate any large deposits to clarify the source for the underwriter.

Do non-warrantable condo loans have different bank statement requirements?

Yes. Non-warrantable condo lenders (portfolio lenders) typically require more documentation — 3–6 months of bank statements, higher reserves (3–6 months of PITIA), and sometimes a larger down payment (10–25%). Export additional months to Excel and calculate reserves carefully — HOA dues must be included in the monthly payment for reserve calculation.

Convert for Condo Purchase Loan Free