Down payment, in a real account
The lender wants to see the down payment sitting in an account you own, with a balance that matches the bank statement.
The one document the mortgage checklist leaves unexplained.
A personal financial statement for a mortgage is a snapshot of what you own and what you owe, used by the lender to confirm your down payment funds and the debts behind your debt-to-income ratio. First-time buyers usually meet it on the checklist with no idea what it looks like.
7 days free. No credit card.
Why the lender
asks for it.
The credit report shows payment history. The statement shows the money.
Every monthly payment
Student loans, car payments, and cards all feed the debt-to-income ratio. Missing one on the statement and not on the credit report raises a question.
Two buyers, one page
On a joint application, both applicants' assets and debts go on one statement with one set of totals.
Filled in
from your accounts.
Connect checking, savings, and the loans you carry. The rest is a few fields.
Down payment funds, synced
Checking and savings balances come straight from the bank through Plaid, so the figure on the statement matches the statement the lender pulls.
Joint statements
Add a co-applicant and both of you appear where the form asks, with combined totals.
Debts that sync too
Credit cards, auto loans, and student loans pull their balances, so nothing is left off by accident.
Send a link
Share the PDF by a link that expires when you say. The loan officer needs no account.
What's
included.
Items marked Pro or Pro Plus need that plan. The free trial covers one connected bank, one statement, and one watermarked export.
- Checking, savings, retirement, and investment balances
- Each liability with balance and monthly payment
- Joint applicant support
- Income and employment section
- PDF export, signed in the app
- Expiring share link with view and download counts
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Common questions.
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Do first-time homebuyers need a personal financial statement?
Not on every file. Lenders ask most often on conventional and jumbo loans and on self-employed applications. If it is on your checklist, it is required for that lender; if it is not, a clean one still answers questions before they are asked.
How do I show the down payment?
As the balance of the account it sits in, under cash assets. If part of it is a gift, the lender will want a gift letter as well; the statement shows the balance, the letter explains where it came from.
Should I include my 401(k)?
Yes, at the vested balance on your latest statement. It counts as an asset, and some programs also count it as reserves.
What about student loans?
List each loan under liabilities with the current balance and the monthly payment. Student debt is normal on a first-time buyer's statement. The credit report will show it anyway, so listing it keeps the two documents in agreement.
Can my partner and I make one statement?
Yes. Add a co-applicant and the statement carries both sets of assets and debts with one set of totals, which is what a joint mortgage application needs.
Start your statement.
Free for 7 days. No credit card.