Here's a list of the information that needs to be provided for a conventional loan when a borrower has to show that they have sufficient assets. This is taken directly from the Fannie Mae guidelines:
Copies of bank statements or investment portfolio statements. The statements must cover account activity for the most recent two-month period (or, if account information is reported on a quarterly basis, for the most recent quarter). The statements must:
- clearly identify the borrower as the account holder
- include the account number
- include the time period covered by the statement
- include all deposits and withdrawal transactions (for depository accounts)
- include all purchase and sale transactions (for financial portfolio accounts)
- include the ending account balance
Online printouts are not acceptable unless they contain all of this information, in addition to the name of the bank.
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