Can we qualify with a CPA-prepared P&L only?

Select non-QM lenders accept a year-to-date or 12-month P&L (often CPA-prepared or -audited) in lieu of full tax returns or bank statements. Overlays on CPA letter language and business seasoning are strict.

Will a DIY QuickBooks P&L work?

Usually not for true P&L-only programs. Most require a CPA, EA, or licensed tax preparer to prepare or attest. Self-generated books may still support a bank-statement file instead.

Non-QM & Alternative Doc

Alt-Doc — Self-Employed

P&L Only

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

Qualify on a CPA-prepared profit & loss statement. No bank statements or tax returns for income.

Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.

Apply for this program (626) 833-7449

680

Min FICO

85%

Max LTV

p&l

Docs

Ideal borrower

Established self-employed with a CPA/tax preparer.

Program highlights

CPA or licensed tax preparer P&L only
12 or 24 months of P&L
Simplest alt-doc path for established businesses

Typical uses

Self-employed with clean CPA books

Frequently asked questions

Can we qualify with a CPA-prepared P&L only?: Select non-QM lenders accept a year-to-date or 12-month P&L (often CPA-prepared or -audited) in lieu of full tax returns or bank statements. Overlays on CPA letter language and business seasoning are strict.
Will a DIY QuickBooks P&L work?: Usually not for true P&L-only programs. Most require a CPA, EA, or licensed tax preparer to prepare or attest. Self-generated books may still support a bank-statement file instead.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.