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Calimesa sits in the Inland Empire, where self-employed buyers are common. Business owners, contractors, and freelancers often can't qualify with tax returns alone.
A P&L loan uses a CPA-prepared profit and loss statement to verify income. No W-2s. No tax returns. Just your actual business performance.
620+
Min Credit Score
CPA-Prepared P&L
Income Doc
10-20%
Min Down Payment
12-24 Months
P&L History Needed
Profit & Loss Statement Loans in Calimesa
Lenders want a 12- or 24-month P&L prepared by a licensed CPA. The statement must show consistent income over that period.
Credit requirements vary by lender, but most want a 620 or higher. Down payments typically start at 10%, with better terms at 20% or more.
Local decision guide
Use this guide to connect profit & loss statement loans eligibility, lender expectations, and local market factors before comparing payment options in Calimesa.
Calimesa sits in the Inland Empire, where self-employed buyers are common. Business owners, contractors, and freelancers often can't qualify with tax returns alone.
A P&L loan uses a CPA-prepared profit and loss statement to verify income. No W-2s. No tax returns. Just your actual business performance.
Lenders want a 12- or 24-month P&L prepared by a licensed CPA. The statement must show consistent income over that period.
P&L loans are non-QM products. That means they don't follow Fannie Mae or Freddie Mac guidelines. Only specialty lenders offer them.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones price P&L loans aggressively for Calimesa borrowers.
The biggest mistake self-employed buyers make: they get a P&L from their bookkeeper. Lenders reject those. It must come from a licensed CPA.
Also, your P&L needs to match your bank deposits. Lenders cross-check. A mismatch kills deals fast — we flag that before you ever apply.
Bank statement loans use 12-24 months of deposits to calculate income. P&L loans use your CPA's summary instead. Both work — the right one depends on how you run your business.
If your deposits are messy or commingled, a P&L loan is often cleaner. If your CPA's numbers look lean on paper, bank statements may show stronger income.
Calimesa is a smaller Inland Empire city with a mix of single-family homes and newer residential developments. Many buyers here are business owners from the broader IE economy.
Riverside County has no county-specific income caps that affect P&L loans. Your qualification is driven by your P&L, credit, and down payment — not local limits.
Yes. Lenders require a licensed CPA's signature. A bookkeeper or self-prepared statement will not be accepted.
Some lenders accept 12 months. Others require 24. A 24-month history typically gets you better rates and terms.
Most lenders want 620 or higher. Stronger credit scores open up lower rates and smaller down payment options.
Lenders take your net income from the P&L and average it over the statement period. Some lenders use gross revenue with an expense factor.
Yes, non-QM loans carry higher rates than conventional loans. Rates vary by borrower profile and market conditions.
Yes. P&L loans are available for purchases and refinances in Calimesa and throughout Riverside County.