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in San Juan Bautista, CA
Self-employed borrowers in San Juan Bautista have two strong non-QM options. Neither requires tax returns.
Bank statement loans and P&L loans both verify income differently. The right pick depends on how your income flows.
Bank statement loans use 12 to 24 months of deposits to calculate income. Lenders average your deposits and apply an expense factor.
This works best when your business account shows consistent, healthy cash flow. High write-offs on taxes won't hurt you here.
P&L loans use a CPA-prepared profit and loss statement instead of bank deposits. Your accountant documents net income directly.
This can work well when deposits are irregular but your business is genuinely profitable. The CPA's sign-off carries the weight.
Bank statement loans rely on raw deposit data. P&L loans rely on your accountant's income calculation. These can produce very different qualifying numbers.
P&L loans are faster to document but harder to qualify with some lenders. Bank statement loans take more paperwork but are widely available across our lender network.
If your deposits are consistent month to month, bank statements usually produce stronger qualifying income. Go that route first.
If your business has clean books and a CPA you trust, a P&L loan can close faster. We run both scenarios before recommending one.
Yes. Most lenders accept personal or business accounts. Personal statements often use a lower expense factor, which can raise qualifying income.
A licensed CPA or enrolled agent must prepare and sign it. A borrower-prepared P&L will not be accepted.
Requirements vary by lender, but most non-QM programs start around 620 to 640. Rates vary by borrower profile and market conditions.
Yes, but it resets some of the documentation process. We identify the stronger program upfront to avoid that delay.
Yes. Both programs are available for purchase and refinance. Loan limits and terms depend on the lender and your file.