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in Markleeville, CA
Self-employed buyers in Alpine County rarely fit a W-2 box. These two non-QM loans exist for exactly that reason.
Both skip tax returns entirely. The difference is how they prove your income — and that detail changes everything.
Bank Statement Loans use 12 to 24 months of deposits to calculate your income. Lenders average those deposits and apply an expense factor.
This works well if your business runs clean cash flow. Strong, consistent deposits tell a clear income story.
P&L Statement Loans rely on a CPA-prepared profit and loss statement — typically covering 12 to 24 months.
Your accountant documents net income directly. Lenders use that number without digging through every deposit.
Bank Statement Loans need raw deposit history. P&L Loans need a signed document from a licensed CPA.
If your deposits are lumpy or irregular, a P&L can smooth that out. If your CPA aggressively writes down income, bank statements might show more.
High-revenue business owners with strong deposit history usually do better on a bank statement loan. The numbers speak for themselves.
If your books are complex or your deposits are inconsistent, a CPA-prepared P&L gives lenders a cleaner picture. Ask us to run both scenarios.
Yes. We can run your file through both programs. The one showing higher qualifying income wins.
No. Bank statement loans only need your deposit records. A CPA is required for P&L loans.
Lenders average the full 12 or 24 months. Irregular months matter less when the average is strong.
On a P&L loan, yes — net income after deductions is what qualifies you. Bank statements use gross deposits instead.
Yes. We work with 200+ wholesale lenders and have non-QM options that cover rural California markets like Markleeville.
Rates vary by borrower profile and market conditions. Neither program is consistently cheaper — your income docs and credit profile decide it.