Loading
Villa Park is one of Orange County's most exclusive enclaves. Homes here are priced accordingly — and most buyers aren't W-2 employees.
P&L loans exist for exactly this borrower. A CPA prepares your profit and loss statement, and that document verifies your income instead of tax returns.
680+
Min Credit Score
CPA-Prepared P&L
Income Doc
12 or 24 Months
P&L History
10–20%
Min Down Payment
Non-QM
Loan Type
Your CPA prepares a 12- or 24-month P&L statement. Lenders use that to calculate your qualifying income — not your Schedule C.
Credit requirements vary by lender. Most want a 680 or higher. Down payment minimums typically start at 10%, but expect 20%+ at higher loan amounts.
Big banks don't offer P&L loans. This product lives in the non-QM wholesale market — specialty lenders who know how self-employed income works.
At SRK CAPITAL, we have access to 200+ wholesale lenders. We shop P&L programs across all of them to find the best rate and terms for your profile.
The biggest mistake I see: borrowers submit a P&L that doesn't match their business bank statements. Lenders cross-check both. Inconsistencies kill deals.
Use a CPA who has done these before. A bookkeeper-prepared statement rarely satisfies underwriting. The lender wants a licensed CPA signature.
Bank statement loans use 12–24 months of deposits to verify income. P&L loans rely on your accountant's summary instead.
P&L loans are faster to document. But they price slightly higher than bank statement loans because lenders take on more verification risk.
Villa Park sits entirely in Orange County. Loan limits here follow county guidelines for non-QM — many P&L deals exceed conforming limits.
Most Villa Park transactions are jumbo-sized. Lenders take that seriously. Expect full reserves documentation alongside your P&L.
A licensed CPA must prepare and sign it. Bookkeeper or self-prepared statements are rejected by most lenders.
Most lenders want 12 or 24 months. A 24-month P&L typically gets you better pricing.
Yes. Lenders cross-reference the P&L against business bank activity. Major discrepancies will stop your approval.
Most non-QM lenders want 680 or higher. A stronger score also improves your rate. Rates vary by borrower profile and market conditions.
Yes. Many P&L lenders go well above conforming limits. Expect larger down payments and reserve requirements at jumbo balances.
A bank statement loan uses deposit history. A P&L loan uses your accountant's income summary. P&L is faster to prepare but often prices higher.
Profit & Loss Statement Loans in Villa Park