Draft — unreviewed sample, not for publication. Pending named-byline and licensed-LO review.
The P&L-Only Playbook
When a CPA-prepared profit-and-loss statement qualifies you without bank statements — and the cases where it beats every other Non-QM path.
· 1 min read
Outline — pending named byline + LO review.
Who this is for
- Borrowers with a clean CPA relationship and complex deposits
- Owners whose statements are messy but books are tight
How the income is computed
- CPA / tax-preparer P&L requirements
- Who can prepare it (licensing) and the lookback period
- When a P&L is paired with a few statements for support
When P&L-only beats bank statement
- [Co-mingled accounts make statement analysis unfavorable]
- [High-revenue, high-margin business where expense factor would over-haircut]
Qualification matrix
| Preparer | Lookback | Typical max LTV | Notes |
|---|---|---|---|
| CPA / EA / licensed preparer | 12–24 mo | — | Fill from matrices |
What typically goes wrong
Indicative rate range
Add once LO-reviewed.
Estimates only. Actual rates, terms, and approval subject to lender underwriting, appraisal, and qualifying criteria.
We are currently licensed to originate in Texas. For other states this page is educational only and is not an offer to lend.