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St. Helena sits at the heart of Napa Valley wine country. Business owners here — vintners, restaurateurs, hospitality operators — rarely fit a W-2 mold.
P&L loans exist for exactly this borrower. A CPA-prepared profit and loss statement replaces the tax returns most lenders demand.
680+
Min Credit Score
CPA-Prepared P&L
Income Doc
10-20%
Down Payment
12 or 24 Months
P&L Period
Your CPA prepares a 12- or 24-month P&L statement. Lenders use that income figure — not your Schedule C write-downs — to qualify you.
Most lenders want a 680+ credit score and 10-20% down. Loan amounts can reach into jumbo territory, which matters in St. Helena.
Big retail banks don't offer P&L loans. This is a non-QM product — you need a broker with wholesale access to find it.
Rates on P&L loans run higher than conventional. That's the trade-off for skipping full income documentation. Rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers hand in a P&L that doesn't match their bank statements. Lenders cross-check both. Inconsistencies kill deals.
Get your CPA involved early. The P&L needs to follow lender-specific formatting. A generic one-pager from your accountant usually doesn't cut it.
Bank statement loans use 12-24 months of deposits to calculate income. P&L loans use your accountant's summary instead. Both skip tax returns.
If your deposits are messy — lots of transfers, mixed business and personal — a P&L loan may produce a cleaner income number than bank statements.
St. Helena properties often carry premium price tags. P&L loans support higher loan amounts — that matters here more than in most California cities.
Seasonal income is common in the wine industry. A 24-month P&L smooths out those swings better than a single-year snapshot.
A licensed CPA must prepare and sign it. Self-prepared statements are not accepted by lenders.
Yes. Some lenders blend W-2 and P&L income. That can strengthen your qualifying income significantly.
Most lenders require 12 or 24 months. A 24-month P&L is stronger if your income fluctuates seasonally.
Yes — expect a rate premium. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.
Some do, some don't. Many cross-check your P&L against 3-6 months of business bank statements instead.
P&L loans can reach jumbo territory. Exact limits depend on your credit, down payment, and the lender.
Profit & Loss Statement Loans in St. Helena