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Profit & Loss Statement Loans in San Marino
San Marino's luxury market attracts self-employed professionals who write off heavy expenses. Many qualify for more home than their tax returns suggest.
Business owners here often buy in the $2M-$5M range. Traditional lenders reject them despite strong cash flow and assets.
You need two years in business and a CPA-prepared 12-month P&L. Most lenders want 620+ credit and 20% down.
Income gets calculated from your P&L gross revenue minus expenses. No need to add back depreciation or other write-offs like traditional mortgages require.
About 30 lenders in our network offer P&L programs. Guidelines vary significantly on how they calculate qualifying income.
Some lenders average 12 months. Others use the most recent month or quarter. This variance can change your borrowing power by $500K+.
Most accountants don't prepare P&Ls for mortgage purposes. Give your CPA the lender template upfront to avoid resubmissions.
We send deals to different lenders based on income structure. Someone with $50K monthly revenue and $10K expenses gets different pricing than $200K revenue with $160K expenses, even at the same net.
Bank statement loans use deposits to calculate income. P&L uses actual business performance. If you have irregular deposits or commingled accounts, P&L wins.
Asset depletion works for retired business owners with portfolios. Active business owners with ongoing revenue should use P&L or bank statements instead.
San Marino buyers often own medical practices, law firms, or investment companies. These business structures work well with P&L documentation.
Property values here push most borrowers into jumbo territory. Non-QM jumbo lenders care more about assets and reserves than conforming programs do.
Your CPA must be licensed and in good standing. They'll sign the P&L and may need to provide their license number to the lender.
Yes. Entity structure doesn't matter. Lenders care that you've been self-employed for two years and have a CPA-prepared statement.
Most lenders average the 12 months. Some seasonal businesses get approved using alternative calculation methods that favor stronger quarters.
Typically 40-60% more. Business owners who write off $100K in expenses often gain $300-400K in buying power with P&L documentation.
Some lenders want them to verify no other employment. Others skip them entirely if the P&L covers your full income picture.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.