Woman looking at bank statements.

Are Your Bank Statements Keeping You From Getting A Mortgage?

1-minute read

Bank statements are one of the many financial documents you’ll need to provide your mortgage lender when you’re getting approved for a home loan. But not all bank statements are created equal.

Check out this guide to make sure your statements include all of the information your mortgage lender is looking for.

Conventional Loans

This group includes fixed and variable rate mortgages. If this is the type of loan you’re applying for, make sure your bank statements include all pages, even if they’re blank. That way, your lender can make sure your statements aren’t missing any transaction history. Your statements will also need to include the following:

  • Name of the bank or financial institution
  • Account holder’s name
  • Account number
  • Transaction history
  • Starting and ending balances with no large increases
  • URL for online statements

For all loan types, bank printouts retrieved from the branch must have a signature and stamp from the teller on the first or last page of the statement.

FHA And VA Loans

If you’re applying for an FHA or VA loan, your bank statements must meet the same requirements listed above for conventional loans, and include the following additional information:

  • Account holder’s address

Whether you’re applying for an FHA loan, or a 30-year fixed mortgage, making sure your bank statements include all of the necessary information will make your approval process that much easier.

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