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Tiburon is one of Marin County's most expensive markets. Homes here routinely require jumbo financing and strong income documentation.
Many Tiburon buyers are business owners, consultants, or partners whose tax returns don't reflect actual earnings. P&L loans exist for exactly this situation.
680+
Min Credit Score
CPA-Prepared P&L
Income Doc Type
10-20%
Typical Down Payment
Within 60 Days
P&L Must Be Dated
Non-QM
Loan Type
Profit & Loss Statement Loans in Tiburon
A CPA-prepared profit and loss statement — typically covering 12 to 24 months — replaces tax returns as your income proof.
Lenders want to see a 680+ credit score and a 10-20% down payment. Loan amounts can go well into jumbo territory.
Local decision guide
Use this guide to connect profit & loss statement loans eligibility, lender expectations, and local market factors before comparing payment options in Tiburon.
Tiburon is one of Marin County's most expensive markets. Homes here routinely require jumbo financing and strong income documentation.
Many Tiburon buyers are business owners, consultants, or partners whose tax returns don't reflect actual earnings. P&L loans exist for exactly this situation.
A CPA-prepared profit and loss statement — typically covering 12 to 24 months — replaces tax returns as your income proof.
Retail banks almost never offer P&L loans. This is a non-QM product, and you need a broker with wholesale lender access to find it.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones accept CPA-only P&Ls versus those requiring supporting bank statements.
The CPA relationship matters more than most borrowers expect. Lenders scrutinize the P&L format and signoff closely.
Some lenders require bank statements to cross-reference the P&L. Others accept the P&L alone. Knowing which lender to send your file to saves weeks.
Bank statement loans use 12-24 months of deposits to calculate income. P&L loans skip that and go straight to the bottom line your CPA certifies.
If your business revenue is easy to document through deposits, bank statement loans may price better. If not, the P&L route is cleaner.
Tiburon sits in one of California's highest-cost ZIP codes. P&L loans here often fund at $1.5M and above — well past conforming limits.
Marin's buyer pool skews heavily toward the self-employed. P&L loans are a natural fit for this market, not an exotic workaround.
It must be CPA-prepared and signed. Lenders reject self-prepared statements every time.
Most lenders want a P&L dated within 60 days of application. Year-to-date coverage is standard.
Yes. Several non-QM lenders go to $3M or higher with a strong P&L, credit score, and down payment.
Yes. Non-QM pricing runs higher than conventional. Rates vary by borrower profile and market conditions.
It depends on the lender. Some require 3-6 months of business bank statements. Others accept the P&L alone.
Plan on 680 as a floor. Better pricing kicks in at 720 and above.