Navigate Mortgage Paperwork with Confidence
Buying your first home is exciting—until the paperwork hits. When your mortgage lender asks for a personal financial statement, be ready with a professional document in minutes, not days.
Time to Completion
A Personal Financial Statement for Homebuyers is a snapshot of your assets and liabilities used by mortgage lenders to verify your down payment funds and financial stability. The journey to homeownership is one of life's most exciting milestones—and one of its most document-heavy processes. As a first-time homebuyer, you're likely encountering terms like "personal financial statement" for the first time. This document gives your mortgage lender a complete snapshot of what you own, what you owe, and your overall financial health. It's not just about your income or credit score; lenders want to see that you have the financial stability to handle monthly mortgage payments, property taxes, insurance, and unexpected repairs. Creating this document manually often takes first-time buyers an entire weekend. StatementsReady gets you there in minutes, so you can focus on finding your dream home instead of drowning in paperwork.
Why Mortgage Lenders Request Personal Financial Statements
Your mortgage lender needs to verify you can handle this major purchase. Beyond your credit score, they want to see your complete financial picture.
Document Your Down Payment
Lenders need to verify your down payment funds are legitimate and seasoned. A clear financial statement shows exactly where your money is coming from.
Show Financial Stability
First-time buyers often have thinner credit files. Your personal financial statement demonstrates overall financial health beyond what your credit report shows.
Avoid Closing Delays
Missing or incomplete financial documentation is a top reason mortgage closings get delayed. Don't risk losing your dream home over paperwork.
First-Time Buyer Friendly, Lender Approved
We built StatementsReady to be simple enough for first-time homebuyers while meeting every requirement mortgage lenders have.
Our guided process walks you through each section. Know exactly what to include without second-guessing.
Clearly show your down payment funds with account balances that sync directly from your bank.
Buying with a spouse or partner? Create a combined statement that shows both applicants' finances.
Our output matches what Fannie Mae, FHA, and conventional lenders expect to see.
Send your statement via secure link or password-protected PDF. Your financial data stays protected.
Why First-Time Homebuyers Trust StatementsReady
We understand the unique challenges first-time buyers face. Our platform is designed to make the mortgage documentation process as painless as possible.
Built for First-Time Buyers
Our guided process explains each section in plain English. No financial jargon, no confusion—just straightforward instructions that help you complete your statement correctly the first time.
Down Payment Documentation Made Simple
Lenders scrutinize down payment funds carefully. Our bank-syncing feature shows exactly where your money is, satisfying lender requirements for fund verification and seasoning.
Mortgage-Lender Approved Format
Whether you're applying for a conventional loan, FHA, VA, or jumbo mortgage, our format meets the documentation standards that Fannie Mae, Freddie Mac, and major lenders expect.
Avoid Costly Closing Delays
Missing documentation is the leading cause of closing delays. Don't risk losing your dream home because of paperwork problems. Be prepared with a complete, accurate financial statement from day one.
Complete Mortgage Documentation Package
How It Works
Creating your personal financial statement is simple with StatementsReady.
Connect Your Accounts
Securely link your bank accounts via Plaid or enter information manually. Your choice.
Review & Customize
Verify your information, add any additional assets or liabilities, and customize as needed.
Export & Share
Download your professional PDF or share via secure link. Ready for your lender or attorney.
Frequently Asked Questions
Do first-time homebuyers need a personal financial statement?
Many mortgage lenders require a personal financial statement, especially for conventional loans, jumbo loans, or if you're self-employed. Even if not required, providing one can strengthen your application and speed up approval.
How do I list a down payment on my financial statement?
Your down payment should appear as a cash asset in your checking or savings account. StatementsReady syncs with your bank to show accurate, current balances. If funds are coming from a gift, that should be noted separately.
Should I include my 401(k) as an asset?
Yes, include your retirement accounts (401k, IRA, Roth IRA) as assets. While you can't easily access these funds, they demonstrate overall financial strength. List them at their current balance.
What if I have student loan debt?
List all student loans under liabilities with the current balance and monthly payment. Student debt is common for first-time buyers and won't automatically disqualify you. Lenders want to see the complete, honest picture.
Can my spouse and I create a joint statement?
Absolutely. StatementsReady supports joint applications. You can list assets and liabilities for both applicants on a single, combined personal financial statement—exactly what lenders need for joint mortgage applications.
Make Your Mortgage Application Shine
Don't let paperwork stand between you and your first home. Create a professional personal financial statement that impresses lenders and speeds up approval.
Create My Statement Free