Bank Statement Converter for Mortgage Gift Letters

When down payment money is gifted, lenders require a gift letter plus a paper trail showing the donor's funds and the transfer. Convert your PDF bank statements to Excel so you and the donor can document the source of funds and the deposit clearly, satisfying the underwriting conditions that come with gifted funds.

Key Benefits

• Document the donor's source of funds for the gift
• Show the transfer trail into your account
• Organize records to satisfy gift-funds underwriting
• Export Excel for your loan officer's conditions
• Free, no account required — your data stays private

How It Works

1. Step 1: Download the donor's and recipient's relevant statements
2. Step 2: Upload each PDF to Bank Statement Converter
3. Step 3: Select Excel or CSV output
4. Step 4: Provide the documented trail with your gift letter

Frequently Asked Questions

Why does a gift letter need bank statements?

Lenders confirm gifted funds are genuine, not a disguised loan. They want to see the donor's ability to give and a clear transfer trail into the borrower's account.

What does the paper trail need to show?

Typically the donor's withdrawal and the recipient's matching deposit. An Excel export makes it simple to line up both sides of the transfer for the underwriter.

Convert a Statement Free