Is it normal that the lender wants two months of bank statements?

Is it normal for lenders to want two months of bank statements?

You're wondering if asking for two months of bank statements is standard practice during the mortgage process. Lenders commonly request two months of bank statements to verify your income, assets, and spending patterns. This documentation helps them confirm you have enough money for the down payment and closing costs, plus shows your financial stability over time. The statements reveal regular deposits from employment, any large deposits that need explanation, and your typical monthly expenses.

Lenders look for consistent income patterns and want to understand any unusual transactions. If you have multiple accounts, expect to provide statements for checking, savings, and any investment accounts you're using for the purchase. You can ask your loan officer which specific accounts they need and whether digital statements work or if they require official bank documents. Most lenders accept online statements as long as they show your name, account number, and all transactions for the full months requested.