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How many bank statements do i need to show for a loan?

I have a new account so I am a little concerned by bunny.lu445 from Wellington, Colorado. 10 days ago Reply


Merritt Noel (MerrittNoel)
#4 ranked lender in Colorado - 7 contributions

They will require that you provide two months of bank statements (all pages). If it's a new account and you had a previous account you would need to provide the previous acct statements if funds were transferred between account or deposited into new account. Essentially they want to paper trail any money deposited into a new account to make sure it meets guidelines. Is this for a home purchase or refinance?

10 days ago
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Rob Koellner (Rob_Koellner)
#3 ranked lender in Colorado - 36 contributions

Contact me at 970-412-8369. I live south of Wellington three miles and I will meet with you and go over all items needed. Also, I am a lender and I can give you a worksheet and and LE so you can go shop me against everyone for the best deal.Rob KoellnerExcel Financial Group

9 days ago
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Dan Paladin (dpaladin)
#1 ranked lender in California - 442 contributions

Yes, typically you need to provide 2 months bank/asset statements for any accts that would be used for the transaction.

9 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,000 contributions

Generally, lenders want to see the most recent 2 months asset statements.. if you have a new account, then they will want to see the previous account you just replaced.. This is required so the lender can paper trail any funds you are using to purchase the home with.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

6 days ago
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