How many months of bank statements for mortgage?

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When applying for a mortgage, one of the key requirements is providing bank statements to demonstrate your financial stability and ability to make regular mortgage payments. However, many borrowers wonder how many months of bank statements they need to submit. In this article, we will delve into this topic and provide you with a comprehensive answer.

Understanding the Importance of Bank Statements

Bank statements play a crucial role in the mortgage application process as they provide lenders with a detailed overview of your financial situation. By reviewing your bank statements, lenders can assess your income, expenses, and overall financial stability. This information helps them determine your ability to repay the mortgage loan.

Typical Requirements for Bank Statements

While the specific requirements may vary depending on the lender and the type of mortgage you are applying for, there are some general guidelines regarding the number of months of bank statements needed. Most lenders typically require two to three months of bank statements.

These statements should cover your main accounts, such as checking and savings accounts, and should reflect your regular income and expenses. This allows lenders to analyze your cash flow and ensure that you have sufficient funds to cover the down payment, closing costs, and ongoing mortgage payments.

Why Lenders Request Bank Statements

Lenders request bank statements for several reasons. Firstly, they want to verify your income and ensure that it is stable and consistent. By reviewing your bank statements, lenders can confirm that your reported income matches the deposits into your account.

Secondly, lenders want to assess your spending habits and determine if you have any excessive debts or financial obligations that may affect your ability to make mortgage payments. They will analyze your monthly expenses, including loan payments, credit card bills, and other recurring obligations.

Lastly, bank statements allow lenders to evaluate your overall financial stability. They can identify any red flags, such as overdraft fees, bounced checks, or irregular deposits, which may indicate financial mismanagement.

Additional Factors to Consider

While two to three months of bank statements are typically required, there are some situations where lenders may request additional documentation. For example, if you are self-employed, lenders may ask for 12 months or more of bank statements to assess your income stability.

Furthermore, if you have recently changed jobs or experienced significant changes in your income, lenders may request additional bank statements to gain a more accurate understanding of your financial situation.


In conclusion, when applying for a mortgage, most lenders will require you to submit two to three months of bank statements. These statements are essential for lenders to assess your financial stability, income, and spending habits. However, it’s important to note that the specific requirements may vary depending on the lender and your individual circumstances. Always consult with your lender to understand their specific requirements and provide the necessary documentation to support your mortgage application.


– Bankrate:
– The Mortgage Reports:
– Investopedia: