Question 1

Does my CPA need to sign the P&L?

Accepted Answer

Yes. A licensed CPA must prepare and sign it. Self-prepared statements are rejected by every lender we work with.

Question 2

Can I use one year of P&L statements?

Accepted Answer

Some lenders accept 12 months. Others require 24. Your credit score and down payment influence which option you qualify for.

Question 3

How is my income calculated from the P&L?

Accepted Answer

Lenders use net income shown on the statement. Some apply a gross revenue calculation — it varies by lender and program.

Question 4

Are P&L loans available for investment properties in Dixon?

Accepted Answer

Yes, but expect stricter terms. Down payments typically run higher and rates adjust for investment property risk.

Question 5

How do P&L loan rates compare to bank statement loans?

Accepted Answer

They're often similar, but it depends on the lender. We quote both programs and show you the real cost difference. Rates vary by borrower profile and market conditions.

P&L Statement Loans for Self-Employed Buyers in Dixon