Bank Statement Converter for FHA Loan Applications

FHA loan applications require 2 months of bank statements for asset and income verification. Convert your PDF bank statements to organized Excel files showing consistent income deposits, sufficient down payment funds (minimum 3.5% for FHA), and meeting FHA's asset documentation requirements for underwriter review.

Key Benefits

• Organize 2 months of bank statements for FHA underwriter asset verification
• Document sufficient down payment funds (3.5% minimum for FHA)
• Show consistent income deposits and stable account balance history
• Flag large deposits for source of funds explanation letter preparation
• Free, no account required, files deleted after conversion

How It Works

1. Step 1: Download 2 months of bank statement PDFs
2. Step 2: Upload to Bank Statement Converter
3. Step 3: Select Excel output
4. Step 4: Share organized statements with your FHA loan officer for underwriting

Frequently Asked Questions

What are FHA bank statement requirements?

FHA loans require the most recent 2 months of bank statements for all accounts used for the down payment and reserves. All large deposits (generally 50%+ of monthly income) require source documentation.

Can I use gift funds for an FHA down payment?

Yes. FHA allows gift funds for the down payment. Your bank statement should show the gift deposit. You'll also need a gift letter from the donor confirming no repayment is required.

Convert a Statement Free