Loading
Corte Madera sits in Marin County — one of the most expensive housing markets in California. Buyers here need real purchasing power, not just a W-2 and a prayer.
Self-employed borrowers are common in this zip code. Business owners, consultants, and high-earning freelancers often can't show the tax returns traditional lenders want.
680 (typical)
Min Credit Score
CPA-Prepared P&L
Income Doc
10-20%+
Down Payment
12 or 24 months
P&L Period
Non-QM
Loan Type
Profit & Loss Statement Loans in Corte Madera
A CPA prepares your profit and loss statement — typically covering 12 or 24 months. The lender uses that document to calculate your qualifying income.
Most lenders want a minimum 680 credit score for P&L loans. Down payments usually start at 10%, though 20% or more gets you better pricing. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect profit & loss statement loans eligibility, lender expectations, and local market factors before comparing payment options in Corte Madera.
Corte Madera sits in Marin County — one of the most expensive housing markets in California. Buyers here need real purchasing power, not just a W-2 and a prayer.
Self-employed borrowers are common in this zip code. Business owners, consultants, and high-earning freelancers often can't show the tax returns traditional lenders want.
A CPA prepares your profit and loss statement — typically covering 12 or 24 months. The lender uses that document to calculate your qualifying income.
Big retail banks don't offer P&L loans. This product lives in the non-QM wholesale market — which is exactly where we operate.
We work with 200+ wholesale lenders, and a good chunk of them have non-QM programs. We know which ones price P&L loans aggressively for Marin County loan sizes.
The most common mistake we see: borrowers show up with a P&L their bookkeeper prepared in QuickBooks. Lenders reject it. It has to come from a licensed CPA.
Income calculation methods differ by lender. Some use net profit. Others use gross revenue with an expense ratio applied. That gap can mean a $200K difference in what you qualify for.
Bank statement loans use 12-24 months of deposits to calculate income. P&L loans skip the bank review and go straight to your accountant's numbers. Each method favors different business structures.
If your deposits are clean and consistent, bank statement loans might qualify you for more. If your business has high revenue but heavy deposits from transfers, a P&L can be cleaner to underwrite.
Corte Madera properties regularly push into jumbo territory. Many P&L loans here will need to cover loan amounts above conforming limits — that's a routine scenario for non-QM lenders we work with.
Marin County's appraisal environment is specific. Lenders underwriting P&L deals here want clean title, strong comps, and properties in good condition. A complicated property on top of a non-QM income type adds friction.
A licensed CPA must prepare and sign it. Bookkeeper-prepared or self-prepared statements are rejected by lenders.
Yes. Non-QM lenders regularly approve P&L loans above conforming limits. Marin County loan sizes are not unusual for this product.
Most lenders want a P&L dated within 60 days of application. Your CPA should be ready to prepare or update it quickly.
Yes, typically. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Most lenders start at 680. Higher scores improve your rate and expand your lender options significantly.
Yes. A 25-30% down payment can compensate for a shorter business history or a lower credit score with some lenders.