REBNY Financial Statement Template - Downloadable 2025
By Russell Sinclair on April 16, 2025
Thinking about buying an apartment in NYC? Be prepared – most offers won't even be considered without a REBNY Financial Statement.
What's in this Guide
In this guide, you'll learn:
- What a REBNY financial statement is and why it's important
- What the form includes
- How to accurately fill out each section
REBNY Financial Statement
While it only used to be submitted when buying co-ops in NYC, this financial disclosure form has become a de facto document accompanying all offers for properties listed in the Real Estate Board of New York’s Residential Listing Service (commonly referred to as the RLS in NYC). Seeking help from an experienced buyer's agent can increase your chances of board approval and a successful sale, especially for co-op apartments.
To help you get started, Prevu has created a fillable template that allows you to easily complete and save your REBNY Financial Statement – 2025 version available for Google Sheets or Excel. We have also included a printable PDF if you prefer to do it the old fashioned way.
Choose your preferred format to complete the REBNY Financial Statement:
You can save and personalize the Google Docs version of the REBNY Financial form by clicking the Use Template button at the the top right of the screen.
Is a REBNY financial form required?
Technically the answer is that the form isn’t required under New York State law – but in practice, it has become a near-mandatory part of any serious offer. All offers submitted to a listing agent (with or without a REBNY financial form) are required to be submitted to the seller. If you want your offer to be taken seriously then for the most part the answer is that yes it is probably required to complete the REBNY Financial Statement due to the strict financial requirements imposed by NYC co-ops during the board application process.
Why am I supposed to fill it out?
The REBNY Financial Statement is how sellers and agents assess a buyer’s financial strength before accepting an offer – especially in co-ops where board approval is required. The REBNY Financial Statement summarizes a buyer's assets, liabilities, monthly income, and projected expenses to assess the financial strength of potential buyers. Given that the majority of New York City apartment inventory is co-op apartments, it is extremely likely that you’ll be asked for this statement.
If you are a financially strong candidate with a solid monthly income, it is actually a good thing because providing the REBNY form can help make you stand out especially if you are in a bidding war.
When should I fill out the REBNY Financial Statement?
If you are planning to buy in NYC, it is generally recommended that you complete this form ahead of time and secure a mortgage pre-approval so that when you find the apartment that you love, you aren’t scrambling to get your documents ready to make an offer with your agent. Make sure you have enough liquid assets to cover essential expenses such as down payments and closing costs.
No matter what agent you choose, or even if you choose to go it alone, you will still likely be asked to fill out this form. It is a great way to show that you meet the financial requirements of a building, including having sufficient post closing liquidity.
What if I don't want to fill it out?
Many times people express they are uncomfortable disclosing personal and financial information. Unfortunately, if you don’t include it or haphazardly fill it out, you may put yourself at a big disadvantage.
In the case of co-ops, the board application process can be very painful and intrusive and these items will eventually come up.
It is good to disclose your financial information, including your projected monthly expenses, clearly and honestly upfront because if you can’t afford a co-op (or condo) it is best to know that early on so that you can move on to the next place.
Generally, the more transparent and clear your offer is, the more likely it will stand out from other buyers. This is especially true for co-ops where boards evaluate your post close liquidity
What does this REBNY financial form include regarding post closing liquidity?
For those of you who are familiar with accounting, the REBNY financial form is a combination of a personal balance sheet and income statement, and allows sellers to evaluate your financial capability, calculate your debt-to-income ratio, and assess your liquid net worth for co-op purchases.
- The balance sheet portion asks you to list all assets (cash, stocks, bonds, and properties, etc.) and liabilities (loans, mortgages, etc.).
- The income portion asks for your income and any co-applicant’s income. You will need to be very specific here and break down your income by salary (typically guaranteed) versus other compensation such as bonuses (sometimes discretionary). To make your income as strong as possible also include other sources of income such as investments (dividends and interest) and other income.
- The liabilities section includes your outstanding loan balance, which is crucial for evaluating your financial strength.
- The projected monthly expenses section includes car payments as part of your overall projected expenses.
- The liabilities section also includes student loan payments, which are important for assessing your financial obligations.
- Fill it out before you start making offers
- Pair it with a mortgage pre-approval letter
- Be specific—round numbers can raise red flags
- Include all sources of income and liabilities
- Make sure you meet post-closing liquidity requirements
How to fill out a REBNY form: Section by Section
Below is a complete breakdown of what each section of the REBNY Financial Statement means, so you know exactly what to enter and where.
| Personal Information | |
|---|---|
| Name and Address | Full legal names and current addresses for Applicant and Co-Applicant. |
| Assets | |
| Cash in Banks (Schedule A) | List each financial institution, account type (checking, savings), and current balance. A detailed list can be provided by including Schedule A. |
| Money Market Funds | Total current balance of money market accounts. |
| Contract Deposit | Amount deposited towards any pending real estate transactions. |
| Investments: Stocks & Bonds (Schedule B) | Stock/bond names, number of shares, and current marketable and non-marketable values. A detailed list can be provided by including Schedule B. |
| Investment in Own Business | Market value or fair valuation of ownership stake in personal businesses. |
| Accounts and Notes Receivable | Total amounts owed to you by others. |
| Real Estate Owned (Schedule C) | Details of properties: cost, market value, mortgage holder, mortgage amount, maturity date, remaining principal. A detailed list can be provided by including Schedule C. |
| Automobiles | Year, make, and current estimated market value of cars. |
| Personal Property and Furniture | Estimated value of personal belongings and household items. |
| Life Insurance (Cash Surrender Value) | Cash value available upon surrendering life insurance policies. |
| Retirement Funds/IRA | Balances in retirement accounts (IRAs). |
| 401K, KEOGH, Profit Sharing/Pension Plans | Current balances of these specific retirement accounts. |
| Other Assets (Schedule D) | Additional valuable items, with estimated values. A detailed list can be provided by including Schedule D. |
| Liabilities | |
| Notes Payable (Schedule E) | Debts owed (banks, relatives, others), maturity dates, interest rates, collateral, total amounts. A detailed list can be provided by including Schedule E. |
| Installment Accounts Payable | Balances on installment loans, including auto financing and other consumer debts. |
| Real Estate Mortgages (Schedule C) | Outstanding mortgage balances on owned properties. A detailed list can be provided by including Schedule C. |
| Unpaid Real Estate Taxes | Overdue real estate taxes owed. |
| Unpaid Income Taxes | Amounts owed for past income taxes. |
| Chattel Mortgages | Loans secured by movable personal property. |
| Loans on Life Insurance Policies | Outstanding loans borrowed against life insurance policies. |
| Outstanding Credit Card Loans | Total outstanding credit card balances. |
| Other Debts | Any additional liabilities not previously listed. |
| Net Worth | |
| Individual and Combined Net Worth | Difference between total assets and liabilities (automatically calculated). |
| Income Sources (Annual) | |
| Base Salary | Annual gross salary. |
| Overtime Wages | Total annual overtime earnings. |
| Bonus & Commissions | Annual bonus or commission income. |
| Dividends and Interest Income | Income from investments annually. |
| Real Estate Income (Net) | Annual net income from real estate holdings. |
| Other Income | Other annual income (pensions, royalties, trusts). |
| Projected Expenses (Monthly) | |
| Maintenance | Monthly co-op/HOA fees. |
| Apartment Financing | Monthly mortgage payments on the property being purchased. |
| Other Mortgages | Monthly mortgage payments on other owned properties. |
| Bank Loans | Monthly payments for personal loans. |
| Auto Loans | Monthly automobile payments. |
| Other Expenses | Monthly regular expenses not covered elsewhere. |
| General Banking Information | |
| Personal Bank Accounts & Savings & Loans | Main banking institutions and account details. |
| Contingent Liabilities | |
| Endorser or Co-maker on Notes | Loans for which you've co-signed or guaranteed. |
| Alimony Payments (Annual) | Total annual alimony obligations. |
| Child Support | Annual child support payments required. |
| Legal Actions | If you are a defendant in any lawsuits. |
| Unsatisfied Judgments | Judgments pending against you. |
| Bankruptcy History | Details of any past bankruptcy filings. |
Need help navigating your REBNY Financial Statement or making a competitive offer? Contact Prevu’s expert team for a free consultation.
✉️ prevuteam@prevu.com | 📞 (646) 603-6868
Happy house hunting!
Prevu is the real estate technology company on a mission to save people money when they buy or sell a home. Our industry-leading Smart Buyer™ Rebate makes it possible for homebuyers in NYC to receive a commission rebate with a seamless, end-to-end buying experience and the expert advice of a dedicated, salaried agent. Prevu is a licensed real estate brokerage in New York, Massachusetts, Pennsylvania, Connecticut, New Jersey, Virginia, Maryland, District of Columbia, Florida, Texas, Colorado, Washington, and California, as well as a member of the Real Estate Board of New York (REBNY).
