Question 1

Can I use a personal bank account for a Bank Statement Loan?

Accepted Answer

Yes. Many lenders accept personal accounts. Business accounts work too. The lender applies a different expense ratio to each.

Question 2

Does my CPA need to be local for a P&L Loan?

Accepted Answer

No. Your CPA just needs a valid license. They sign and prepare the statement — location doesn't matter to lenders.

Question 3

Which loan has better rates — Bank Statement or P&L?

Accepted Answer

Rates vary by borrower profile and market conditions. Neither is consistently cheaper. Your credit and down payment drive the difference.

Question 4

Can I apply for both and choose the better outcome?

Accepted Answer

Yes. SRK CAPITAL can run both scenarios. We compare qualifying income under each method before you pick.

Question 5

Do these loans work for Highland investment properties?

Accepted Answer

Both programs can work for investment purchases. Lender overlays vary, and rates for investment properties are typically higher.

Question 6

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders want at least a 620 score. Some go lower with a larger down payment.

Bank Statement vs P&L Loans: Which Fits Your Highland Business?