1 Year P&L Product

At a glance

Up to 80% LTV on purchase using a single year P&L prepared by a licensed tax professional. Minimum 700 FICO. The fastest non-QM doc path for a recent-history self-employed borrower.

Program highlights

• Up to 80% LTV (purchase)
• Minimum 700 FICO
• 1-year P&L only
• Prepared by a licensed CPA, EA, or PTIN-holder
• No tax returns or bank statements required

How funding works

1. Have your CPA/EA prepare a year-to-date or trailing-12 P&L
2. We pull FICO and verify the preparer's license
3. Order appraisal and title in parallel
4. Close in 21–30 days

Worked scenarios

Founder one year post-launch

Borrower: Self-employed, FICO 720, no full year of tax returns yet

Property value: $800,000 · Loan amount: $640,000

Outcome: 80% LTV approval on a CPA-prepared 12-month P&L.

Why this program

Bank-statement programs need 12–24 months of deposits — a CPA-prepared P&L can be faster and cleaner if your business is too new for that.

The preparer must have a current PTIN (Preparer Tax Identification Number); we verify it as part of underwriting.

This is the preferred path for borrowers who have just incorporated or just left a W-2 to go full-time self-employed.

Frequently asked

Can I prepare my own P&L?

No — it must be prepared by a licensed CPA, EA, or PTIN-holder.

What's the minimum FICO?

700.