Non-QM by JoeFairway Home Mortgage

📈 P&L Statement Loans

A CPA-prepared P&L can be your income doc.

For some business owners, even bank statements muddy the picture — multiple accounts, transfers between entities, seasonal swings. A P&L program qualifies you on a profit-and-loss statement prepared by your CPA or enrolled agent, on some programs standing entirely alone.

Is this you?

P&L Statement Loans tend to be a great fit for…

  • Owners with multiple entities and inter-company transfers
  • Businesses whose deposits scatter across many accounts
  • Established owners with a strong CPA relationship
  • Borrowers who want the simplest possible document stack
I run 3 LLCs and money moves between them constantly. bank statement guy said my file was "noisy" lol
Ha — "noisy" is underwriter for "I can’t follow the transfers." A P&L program skips it: your CPA prepares one clean statement across the business, and that’s the income doc. Way less archaeology. Let’s talk before your CPA gets busy.

Questions friends actually ask

P&L Statement Loans: straight answers

Who has to prepare the P&L?

A licensed CPA or enrolled agent (some programs also accept licensed tax preparers). A self-prepared P&L doesn’t qualify — the third-party preparation is the whole point.

Will anything else be verified?

Expect the preparer to confirm they filed or prepared your business returns, and some programs cross-check the P&L against two or three months of bank statements for reasonableness. Joe will tell you exactly what your chosen program pulls.

What period should the P&L cover?

Usually the most recent 12 months, or year-to-date plus the prior year. Your CPA and Joe will align the window to the program before anything is drafted.

Is this riskier or more expensive?

Pricing is generally in line with other alt-doc programs — modestly above conventional. Where it wins is friction: one document from your CPA versus months of statements to assemble and explain.

Not sure if p&l statement loans are right for you?

That’s literally what Joe is for. One conversation, all nine programs side by side, zero pressure to move forward.