Question 1

Can I apply for both and compare?

Accepted Answer

Yes. SRK CAPITAL runs your file through both options. We show you which one qualifies you for more.

Question 2

Does my CPA need special credentials for a P&L loan?

Accepted Answer

Yes. Lenders require a licensed CPA to prepare and sign the statement. An unlicensed bookkeeper won't cut it.

Question 3

How many months of bank statements do I need?

Accepted Answer

Most lenders want 12 months minimum. Some go up to 24. More history usually means a stronger approval.

Question 4

Which loan has better rates — bank statement or P&L?

Accepted Answer

Rates vary by borrower profile and market conditions. Neither loan type has a flat rate advantage — your file details drive the number.

Question 5

Do both loans work for Rialto property purchases?

Accepted Answer

Yes. Both are available for purchases and refinances in San Bernardino County. Property type and loan amount affect which lenders will play.

Question 6

What credit score do I need for these loans?

Accepted Answer

Most non-QM lenders want at least a 620. Stronger scores get better pricing on both loan types.

Bank Statement vs P&L Loans in Rialto