Fontenot MortgageOdette Fontenot · Mortgage broker
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The loans

The maths

Odette

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A prepared statement instead of statements

Profit & loss loans

A CPA, EA or licensed tax preparer writes the profit and loss statement. Sometimes that beats a year of deposits.

Hands reviewing printed financial documents beside a laptop.
01Who this is for
  • Businesses with a genuinely low deposit volume but healthy margins — consultants, licensed professionals
  • Owners whose revenue lands through a payment processor and looks chaotic on a bank statement
  • Anyone with a working relationship with a CPA who will sign the statement
02What it needs from you
  • A 12 or 24 month profit and loss statement prepared and signed by a licensed third party
  • That preparer’s licence number and contact details, so the lender can verify it
  • Two months of bank statements as a sanity check against the P&L
  • Business existence documents and your ownership percentage
03What it costs you — the honest part
  • The preparer has to be a third party. Your own bookkeeping software export will not do it.
  • If the bank statements contradict the P&L badly, the file dies. Consistency matters more than size.
  • Fewer lenders offer it than offer bank statement loans, so the pricing spread is wider.
04How a file like this moves

  1. Ask your preparer first

    Before anything else. If they will not sign a P&L for lending purposes, this route is closed and we take another.

  2. Reconcile it yourself

    I compare the P&L against two months of deposits before a lender does. Surprises are cheaper found here.

  3. Match the file to the lender

    Some price P&L exactly like bank statements. Some add a quarter point. That is worth shopping.

Ask Odette

Tell me what you are working with

Every field is optional except a name and one way to reach you. I would rather have four honest sentences than a completed form.

One of email or telephone is enough.

Nothing is sent. This demonstration has no backend, no database and no email service. Pressing the button validates the form and shows you the thank-you state, and that is all it does. Nobody will call. There is no consent box here because there is nothing to consent to.

The next step

One person reads this. That person is me.

Tell me roughly how you get paid and what you are trying to buy. No documents, no application, no credit pull to have the first conversation.

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