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Rohnert Park sits in Sonoma County wine country, where small business ownership runs deep. Contractors, consultants, and hospitality operators are everywhere here.
A P&L loan lets your CPA-prepared statement do the income work. No tax returns. No W-2s. Just documented business performance.
680+
Min Credit Score
CPA-Signed P&L
Income Doc
10–20%
Down Payment
12 or 24 Months
P&L Period
Profit & Loss Statement Loans in Rohnert Park
Your CPA prepares a 12- or 24-month P&L statement. Lenders use that income figure to qualify you — not your Schedule C write-downs.
Most lenders want a 680+ credit score and 10-20% down. Loan amounts can reach into jumbo territory for higher-priced Sonoma purchases.
Big banks don't offer P&L loans. These come from non-QM wholesale lenders — and not every broker has access to them.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products built exactly for borrowers like you.
The biggest mistake I see: borrowers come in with a P&L that doesn't match their bank deposits. Lenders cross-check. Inconsistencies kill deals fast.
Work with your CPA before applying. A clean, consistent P&L accelerates approval. A sloppy one sends the file back — or out.
Bank statement loans use 12-24 months of deposits. P&L loans use your CPA's income summary. Both skip tax returns — they just verify income differently.
If your deposits are messy but your books are clean, the P&L route is often stronger. Your broker should run both scenarios.
Sonoma County has a heavy concentration of self-employed workers in wine, hospitality, and trades. P&L loans were practically built for this region.
Rohnert Park's prices sit below coastal Sonoma towns. That means lower loan amounts and easier qualification thresholds for this non-QM product.
Your CPA or licensed tax professional must prepare and sign it. Lenders won't accept self-prepared P&Ls.
Yes. P&L loans work for purchases and refinances in Sonoma County. Loan limits depend on the lender and your qualifications.
Lenders use the net income shown on your CPA statement. They may average 12 or 24 months depending on the program.
Yes, typically. Non-QM products carry a rate premium over conventional. Rates vary by borrower profile and market conditions.
One down year can hurt your qualifying income. A 24-month average helps smooth that out if the other year was stronger.
Most lenders want at least 2 years of self-employment. Some accept 12 months with strong financials and larger down payments.