Bank Statement Guide
Are Reserves Required for a Bank Statement Loan?
Yes — most bank statement Non-QM programs require liquid reserves equal to months of PITIA left after closing, separate from your down payment and closing costs.
Reserves Are Post-Close Liquidity
Not the same dollars as your down payment — investors want cushion left after you fund.
Typical Reserve Ranges
Common Non-QM bank statement patterns — your matched investor may differ.
Primary residence
Often 2–6 months
Stronger files may land near the low end
Second home
Often higher
Two housing payments drive cushion needs
Investment
Often 6+ months
Plus other financed property overlays
What counts
Liquid accounts
Brokerage and retirement haircuts apply
Gift funds
Limited for reserves
Borrower-owned cash preferred
Timing
Seasoned balances
Fresh large deposits need LOX
Reserve months and eligible asset types are investor-specific and can change without notice.
How We Size Your Reserve Gap
Ryan & Steve map down payment, closing costs, and reserve months against your actual accounts before you write an offer.
We flag retirement haircuts, business-account ownership proof, and large-deposit seasoning so underwriting does not stall mid-file.
If reserves are thin, we look at larger down payment trade-offs, a different occupancy program, or timing to build cash — not a surprise denial later.
Reserve checklist
- — Separate down payment cash from post-close reserves
- — Recent statements for every reserve account
- — Document large deposits and transfers
- — Confirm investor months of PITIA before you offer
Keep Exploring
Related bank statement guides and Non-QM resources from Ryan & Steve.
How Much Down Payment Is Required?
Plan equity and reserves together so cash-to-close is realistic.
What Credit Score Is Needed?
How score tiers interact with LTV and reserve overlays.
What Documents Are Required?
Asset statements you will need to prove reserves.
Bank Statement Loans Overview
Full program hub with guidelines and Get Pre-Approved CTAs.
2MG Daily
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Frequently Asked Questions
Are reserves required for a bank statement loan?
Yes — most bank statement Non-QM investors require months of PITIA reserves remaining in liquid accounts after closing. Typical ranges run about 2–6 months depending on loan size, occupancy, and credit. Guidelines vary by investor.
What counts as reserves?
Checking, savings, money market, and brokerage accounts usually count. Retirement accounts may count with a haircut. Funds used for down payment and closing costs do not also count as reserves.
Do investment purchases need more reserves?
Often yes. Investment and second-home bank statement files commonly require more months of PITIA or higher total reserve dollars than a primary residence.
Can gift funds cover reserves?
Sometimes for down payment, but many investors still want borrower-owned reserves after closing. Gift documentation rules are product-specific — we confirm before you rely on gifted cash.
Not Sure How Much Cash You Need After Closing?
Ryan & Steve will size your bank statement reserve requirement against your real accounts before you apply.
The 2 Mortgage Guys
Ryan Minick and Steve DeLon — Branch Managers & Senior Loan Officers at Luminate Bank. Based in Kokomo, Indiana. Lending nationwide since 2005.
Contact
Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
Luminate Bank NMLS# 1281698
Kokomo's Mortgage Team. Lending Nationwide.
1221 Appletree Lane, Kokomo, IN 46902
Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved.
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