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Dinuba sits in the heart of Tulare County's agricultural economy. A lot of borrowers here run their own operations — farming, packing, trucking, or trades.
Standard loans choke on tax returns that show low net income. A P&L loan skips that problem entirely.
680+ typical
Min Credit Score
CPA-Prepared P&L
Income Doc
10-20% min
Down Payment
2 years typical
Self-Employment Required
Non-QM
Loan Type
Profit & Loss Statement Loans in Dinuba
Your CPA prepares a 12- or 24-month profit and loss statement. Lenders use that gross income figure — not your taxable income — to qualify you.
Most lenders want a 680+ credit score for P&L loans. Expect a minimum 10-20% down payment and solid cash reserves.
P&L loans are non-QM products. Your local bank almost certainly doesn't offer them. You need a broker with wholesale non-QM access.
We work with 200+ wholesale lenders, including multiple non-QM specialists. Rate and terms vary significantly across them — rates vary by borrower profile and market conditions.
The biggest mistake I see: borrowers submit a P&L that doesn't match their business bank statements. Lenders cross-check those documents. Inconsistencies kill deals.
Get your CPA involved early. A clean, properly formatted P&L speeds underwriting. A sloppy one restarts the clock.
Bank statement loans use 12-24 months of deposits to calculate income. P&L loans use your CPA's figures. If your deposits are messy, P&L is often the cleaner path.
1099 loans work if most of your income is on 1099s. Asset depletion works if you have large liquid assets. P&L fits when you run a business with clear profitability.
Dinuba's economy runs on agriculture and small business. Many borrowers here have LLCs, S-corps, or sole proprietorships. Those structures often produce heavy write-offs and low taxable income.
A P&L loan doesn't punish you for running a tax-efficient business. That's a real advantage in Tulare County's self-employment-heavy borrower pool.
A licensed CPA or tax professional must prepare it. Self-prepared P&Ls are rejected by virtually every non-QM lender.
Yes. P&L loans work for purchase and refinance. Property must meet non-QM lender guidelines for the area.
Yes, typically. Non-QM products carry a rate premium over conventional loans. Rates vary by borrower profile and market conditions.
Most lenders require at least 2 years of self-employment history. Some non-QM lenders accept 1 year with strong documentation.
A 24-month P&L averages more income history and can help if earnings grew recently. A 12-month P&L shows only recent performance.
Yes — it's one of the better fits for ag operators. Farm income with heavy depreciation write-offs often looks better on a P&L than a tax return.