In addition, if you can verify you have additional assets that are not needed for the down payment, it is important to document those, too. Additional assets can also help to document that you have a history of saving money, which makes you a more dependable borrower. It is extremely important to completely document the paper trail of any funds you use for down payment and closing costs. The sections below provide guidance on both verifying assets and documenting them as a source of your down payment. The quickest and easiest way to document funds in your bank account is to provide your lender with copies of your most recent bank statements.
Most lenders request two months bank statements, but some still ask for three.
However, that is the old way of doing business and most lenders nowadays prefer to have bank statements. If the money you are using for the down payment and closing costs has been in the bank for the entire period covered by the bank statements, you re fine. However, if your statements show any large or unusual deposits the lender will ask you to explain them and document their source. Stocks, Bonds, Mutual Funds, etc. Most of those who own stocks get a monthly or quarterly statement from their brokerage.