Do I need 12 or 24 months of bank statements for a mortgage?

A 12-month program focuses on the most recent year and may help when the business has grown. A 24-month review provides a longer history and can smooth normal monthly variations, but it can also include an older period with lower deposits.

The lender will analyze eligible recurring deposits and exclude transfers, borrowed funds, and one-time items. Business statements generally require an expense factor or other approved expense analysis.

Do not assume that fewer statements always produce more qualifying income or better terms. Run both calculations when available and compare the resulting income, rate, down payment, and reserve requirements.