Sourcing Liquid Assets: The 60-Day Statement Rule

Rule

To verify the capital required for your down payment and reserves, Lendency requires two (2) complete, consecutive account statements covering the most recent 60 days of transaction history. These statements must be from a U.S. depository institution. Furthermore, the most recent statement must be dated within 45 days of your initial application and within 90 days of the loan’s consummation (closing) date.

Lendency Insight

In DSCR lending, "Seasoned Assets" are the gold standard. We aren't just looking at the final balance; we are looking for the stability of those funds over a two-month window. This 60-day look-back allows underwriters to verify that the capital is truly yours and hasn't been recently borrowed or "gifted" from an unverified source. By ensuring your statements are fresh (within the 45/90 day window), we maintain a current snapshot of your financial health. If you are using a quarterly statement (such as for a 401k or brokerage account), we will use the most recent quarter’s ending balance to calculate your available liquidity.

Common Scenarios & FAQs

  • Can I use a "Transaction History" printout instead of a full statement? No. Online printouts can only be used as a supplement to a full bank statement—for example, to show activity that has occurred after your last monthly statement was generated. To be accepted, the printout must show:

    • The Print Date and the Source URL (enable "Headers and Footers" in your browser print settings).

    • At least the last four digits of the account number and the account holder's name.

    • All transactions since the most recent official statement.

  • Why can't I just show my current balance? A single snapshot doesn't show "sourcing." We need to see the 60-day history to ensure there are no large, unexplained deposits. If a large deposit appears, you will be required to provide documentation (like a settlement statement from a property sale) to prove where that money came from.

  • What if my funds are in a foreign bank? Liquidity must be verified via account statements from a U.S. depository institution. If your funds are currently overseas, they must be moved to a U.S. account and "seasoned" or sourced according to our guidelines before they can be used for closing.

  • How is my "Available Liquidity" calculated? We use the ending balance shown on your most recent account statement or acceptable supplemental printout.

  • My application was two months ago; do I need new statements? Yes. Because the most recent statement must be within 90 days of the closing date, you may need to provide a fresh statement if your loan process extends beyond your initial documentation's "shelf life."

Key Definitions

  • U.S. Depository Institution: A financial institution (like a bank or credit union) located in the United States that is legally allowed to accept monetary deposits from customers.

  • Consummation Date: The date the loan documents are signed and the loan is legally finalized (closing).

  • Seasoned Assets: Funds that have been held in the borrower's account for a significant period (typically 60+ days) to prove ownership and stability.

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