Bank Statement Converter for Cooperative Apartment Purchases

Cooperative apartment buyers, NYC co-op applicants, and co-op board package preparers can convert bank statement PDFs to Excel or CSV to document income, assets, and post-closing liquidity for co-op board approval and underlying mortgage qualification. Co-op board packages require more extensive financial documentation than typical real estate transactions — typically 2 years of tax returns, 3–6 months of bank statements, and proof of post-closing liquid assets.

Key Benefits

• Co-op board package bank statement documentation (3–6 months)
• Post-closing liquidity documentation (typically 1–2 years of maintenance required)
• Income documentation for co-op maintenance-to-income ratio
• Gift fund documentation for co-op down payment (if permitted)
• Maintenance-to-income ratio calculation support

How It Works

1. Step 1: Upload personal bank statement PDFs (3–6 months as required by co-op board)
2. Step 2: Select Excel output
3. Step 3: Document income deposits and asset balances for board package
4. Step 4: Submit as part of complete co-op board application package

Frequently Asked Questions

What bank statement documentation do NYC co-op boards require?

NYC co-op boards typically require 3–6 months of complete bank statements (checking, savings, investment) for all applicants. Export statements to Excel to create a clean financial summary. Co-op boards evaluate: post-closing liquidity (typically 1–2 years of maintenance in liquid assets after the purchase), income relative to maintenance costs (co-op boards often want maintenance at 25–30% of gross income or less), and overall financial stability. Investment account statements — convertible to PDF and Excel — are also required alongside bank statements.

How much liquid assets do co-op boards require after closing?

Most NYC co-op boards require 1–2 years of monthly maintenance charges in liquid assets (cash, bank accounts, brokerage accounts) after the down payment and closing costs. For a co-op with $3,000/month maintenance, the board wants $36,000–$72,000 in liquid assets remaining after you close. Export bank statements and brokerage statements to Excel to document total post-closing liquidity. Buildings with stricter financial requirements (Park Avenue white-glove buildings) may require 2–3 years of maintenance in reserves.

Convert Co-op Statement Free