Bank Statement Converter for a Foreign National Mortgage
Foreign nationals purchasing US real estate face stricter bank statement requirements than US citizens — lenders need to trace the source of funds for down payments, verify that international income is real and recurring, and confirm that US and foreign accounts tell a consistent financial story. Converting statements to Excel makes cross-border income documentation manageable.
Key Benefits
- Document international income deposits and their transfer to US accounts
- Show the source-of-funds chain from foreign employment or business to US bank
- Capture 12–24 months of US account deposits for foreign national lender requirements
- Identify large transfers from foreign accounts that need source-of-funds explanation letters
- Export to Excel for your mortgage broker and the foreign national loan underwriter
How It Works
- Step 1: Upload your US bank statement PDFs — 12 months minimum
- Step 2: The converter extracts all deposits including international wire transfers
- Step 3: Download Excel and highlight foreign transfer deposits with the originating country
- Step 4: Provide to your mortgage broker alongside your foreign income documentation
Frequently Asked Questions
- I earn income in another country. Can I use that to qualify for a US mortgage?
- Yes — foreign national mortgage programs are specifically designed for this. Lenders need documentation that the income is real and recurring, which your bank statement provides by showing the regular transfer pattern from your home country to your US account.
- My down payment came from a foreign bank account. Do I need to document where it came from?
- Yes — all large deposits, including international wire transfers, require source-of-funds letters. The bank statement shows the deposit date and amount; your foreign bank statement shows the funds in the originating account. Together they satisfy the anti-money-laundering documentation requirement.
Convert a Statement Free